Tue, 30 Nov 2021 | BUSINESS SALE
Sykes Holiday Cottages has added another 500 properties to its portfolio after acquiring a holiday cottage company based in Alnmouth. The deal for Northumbria Coast & Country Cottages takes Chester-based Sykes’ offering to 20,500 properties, following its recent acquisitions of Best of Suffolk, Abersoch Quality Homes and Pure Cottages Group.
The onset of the COVID-19 pandemic has prompted a resurgence in domestic holidaymaking in the UK since 2020. This has prompted a wave of M&A activity as holiday operators, private equity firms and other parties seek to tap into the soaring demand for UK holidays. Its string of recent acquisitions has made Sykes a major beneficiary of this.
Graham Donoghue, chief executive of Sykes Holiday Cottages, said: "Although we’re a national agency, we really strive to deliver a local service and partnering with businesses like Northumbria Coast & Country Cottages allows us to do just that. The team on the ground have a wealth of experience in the region and we’re looking forward to working with them to promote the holidays available in this beautiful part of the country."
Northumbria Coast & Country Cottages will now run as a sister agency to Sykes from its three offices in Alnmouth and Seahouses and continue with its local team of 17 employees.
Nikki Brierley, founder of Northumbria Coast & Country Cottages, said: "We’ve built a great business over the last four decades, but this deal now represents a new chapter for the company and will ensure its ongoing success for the next 40 years. Sykes’ values mirror our own, and its track record speaks for itself, so I know our holiday homeowners are in good hands.”
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Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
This contemporary, stylish 4 star hotel has 24 comfortable and individually-designed ensuite bedrooms, a modern bar and a recently refurbished restaurant with a great vantage point and some of the best seaside views in North Wales.
This is an attractive and strategically well-located hotel in the heart of Porthmadog and a stone’s throw from the junction of the A497.
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