Potential buyers are lining up to purchase Butlin's for a huge price tag, according to reports. Holiday camps at Minehead, Skegness and Bognor Regis were put up for sale last year.
The three resorts are currently owned by Bourne Leisure. Blackstone, an American private equity company, purchased Bourne Leisure in 2021 but is looking to offload the Butlin's part of the business. City AM reports that Blackstone is looking to "reshape its Bourne leisure parks arm" as it assesses the future of the business, reports Somerset Live.
It is also reported that Bourne Leisure and Blackstone are said to have decided that Butlin's is "sub-scale and therefore non-core to its growth plans". Sky News is reporting that Queensgate Investments, a property investor behind a portfolio of five-star London hotels, is said to be among the suitors for the holiday brand. It has reportedly joined a trio of rivals in the race to buy Butlin's from Bourne Leisure.
