(MENAFN) Butlin's is getting ready to sell midst a surge in British staycations, potentially triggering an auction madness for the nation's most well-known holiday resort chain.
Bourne Leisure, which even possesses Haven and Warner Leisure Hotels, newly appointed investment bankers to perform a bid of Butlin's next year, according to Sky News.
The announcement comes only a year after Bourne Leisure, a privately owned company, traded a major stake to Blackstone, a private equity firm, in a deal worth around USD4.002 billion.
Butlin's probable sale price was unknown this weekend, but financiers and investment firms predicted "a deluge" of involvement with the brand as well as its three locations.
MENAFN28112021000045013608ID1103264661
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.