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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