Parkdean Resorts has hit the pause button on a £1.6bn sale amid concerns over the prospects for the UK economy.
The Newcastle based holiday park operator – which employs around 750 people at its Gosforth head office and runs 66 parks across the country – has confirmed that talks with potential new owners have come to an end, nine months after the sale process began.
Parkdean was first put up for sale in October, when it was rumoured that its Canadian owner Onex Corporation – which paid £1.35bn for the business back in 2016 – was looking to capitalise on the post-pandemic boom in UK staycations.
