Sun Communities, Inc. Acquires Park Holidays UK
November 15, 2021
Sun Communities, Inc. entered into a definitive agreement to acquire Park Holidays UK for approximately £950 million (about $1.3 billion). The acquisition gives Sun immediate scale in the UK with Park Holidays' ~40 owned and 2 managed holiday communities and is intended to expand Sun's platform geographically and be accretive to 2022 Core FFO per share.
- Buyers
- Sun Communities, Inc.
- Targets
- Park Holidays UK
- Sellers
- Selling shareholders, Intermediate Capital Group (ICG)
- Industry
- Real Estate
- Location
- East Sussex, United Kingdom
- Transaction Type
- Buyout
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