Sun Communities sells UK holiday park business Park Holidays to Aermont for £768m
US real estate investment trust Sun Communities has agreed to sell its UK holiday park business, Park Holidays, to Aermont Capital for £768 million in...
US real estate investment trust Sun Communities has agreed to sell its UK holiday park business, Park Holidays, to Aermont Capital for £768 million in an all-cash deal. Park Holidays operates more than 50 holiday parks across the UK and has been one of the country’s largest operators since the 1980s. The sale allows Sun Communities to focus on its core North American manufactured housing and RV business. The transaction highlights continued investor interest in the UK holiday park sector, driven by domestic travel and staycation trends.