AWAY RESORTS ANNOUNCES £600MILLION MERGER WITH ARIA RESORTS

Leading UK holiday park operator Away Resorts, which owns Whitecliff Bay Holiday Park in Bembridge, has announced a £600million merger with Aria Resorts, which owns 4 other sites on the Isle of Wight.

Combined, Away and Aria will comprise of over 20 resorts including 4 here on the Island – Whitecliff Bay, Lakes Rookley, Bay Colwell and St Helens. Gara Rock Hotel, a luxury boutique hotel in Devon, is included as part of the deal but it is unclear if the Aria-owned Priory Bay Hotel near Seaview will form part of the merger.

CVC Capital Partners, who recently acquired Away Resorts, will be buying Aria from investment firm Angelo Gordon.

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Carl Castledine, CEO of Away Resorts, has said:

“We are delighted to be partnering with the team at Aria to pursue our shared ambition of forming a leading staycation provider, that will challenge the bigger brands. I am confident our combined businesses, with their focus on customer care and top-quality facilities, will offer exceptional destinations for holidaymakers and holiday home owners seeking to relax a little closer to home.”

Bobby McGhee, CEO, at Aria Resorts, adds:

“We are extremely excited to be joining forces with Away Resorts. The enlarged group of parks will offer our guests even more choice and together, our parks will continue to be transformed in new and exciting ways. Our future is bright!”

There are already plans for a number of significant investments that will transform the already innovative group into one of the preeminent holiday park operators in the UK. Today’s news secures the employment of more than 2,000 staff members who look after 4,500 holiday homeowners and 1,800 units of accommodation.

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The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
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1 month ago

Lets hope they dont treat holiday home owners the same way as what happened at Rookley where most of the owners were kicked off losing thousands of pounds in what they thought was a future investment.

jan
jan
1 month ago

Does this mean that any private caravan owners will be kicked off site the sam as Rookley ???I would be very concerned !

Whitetop
Whitetop
Reply to  jan
1 month ago

We lost ours at Rookley and lost over 30k through Aria, they donot have a care for owners or what they will lose, I really do hope the owners of caravans at whitecliff bay have a written contract stating they cannot be kicked off without compensation.

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