Thu, 12 Aug 2021 | BUSINESS SALE
Sykes Holiday Cottages has continued to tap into surging dealmaking in the UK’s domestic holiday sector with the acquisition of North Wales firm Abersoch Quality Homes. The acquisition adds 100 properties to Sykes’ portfolio of nearly 20,000 properties in the UK, Ireland and New Zealand.
Around 2,400 of those properties are in North Wales and the latest acquisition expands Sykes’ offering in the coastal region around Abersoch in Gwynedd. The acquisition comes after the family-owned firm’s founders, Debra and Tim Elvins, decided to step down to focus on other business.
Post-acquisition, the firm, which was founded in 2005, will be managed by Sykes Holiday Cottages’ flagship North Wales brand Menai Holidays. The deal comes less than a month after Sykes announced the acquisition of Suffolk-based holiday cottage letting firm Best of Suffolk.
Sykes has been one of the major beneficiaries of the rise in domestic holidaying during the Covid-19 pandemic, reporting significant increases in bookings for 2020 and 2021.The company has asserted that the increased popularity of “staycationing” will last beyond the end of the Covid-19 pandemic.
Discussing the acquisition of Abersoch Quality Homes, Sykes CEO Graham Donoghue said: "Like Sykes, Abersoch Quality Homes has always focused on providing exceptional accommodation and customer service.
"It's an exciting time for all involved and we're looking forward to supporting the long-term success of Abersoch Quality Homes' 100 properties – shining a spotlight on the holidays available in this beautiful part of the country."
Find businesses for sale here.
If you are looking for an exit, we can help!
This hotel, bar & restaurant trade from an impressive 4-storey landmark detached character premises with wealth of stunning feature and excellent year-round trade.
LEASEHOLD
The business specialises in providing international hospitality companies through forums and networking events a route to two key markets. The business operates on a B2B basis across the UK & France, offering events for MICE agents and end-user corpo...
RELOCATABLE
This sale offers a compelling opportunity to acquire a successful limited company that operates 2 highly regarded hospitality businesses: a charming 4-star boutique hotel in the picturesque Gloucestershire countryside and a well-established pub in th...
FREEHOLD
14
|
Mar
|
Treforys Tiny Tots Day Nursery undergoes MBO | MBO/MBI
Swansea-based Treforys Tiny Tots Day Nursery has undergone a...
13
|
Mar
|
Pest Control Supermarket selects Employee Ownership | BUSINESS SALE
Sheffield-based Pest Control Supermarket.com has transitione...
13
|
Mar
|
Care home firm Strong Life aiming to double in size following deal | DIVISION SALE
Yorkshire-based care home company Strong Life Care has bough...
15
|
Jun
|
Sykes continues diversification with caravan rental firm takeover | BUSINESS SALE
Online holiday accommodation platform Sykes Holiday Cottages...
10
|
Mar
|
Sykes Holiday Cottages continues expansion with double acquisition | BUSINESS SALE
Holiday cottage rental group Sykes Holiday Cottages has cont...
30
|
Nov
|
Sykes further expands portfolio with Northumberland acquisition | BUSINESS SALE
Sykes Holiday Cottages has added another 500 properties to i...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.