Property investor Queensgate sizes up £600m stick with Butlin’s

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A property investor behind a portfolio of five-star London inns is among the many suitors for Butlin’s, the well-known chain of British vacation camps.

Sky Information understands that Queensgate Investments has joined a trio of rivals within the race to purchase Butlin’s from Bourne Leisure.

Queensgate is vying with Bain Capital, Epiris and TDR Capital for the group of three websites, whose model was created by its eponymous founder, Billy Butlin, in 1936.

Metropolis sources say they count on the chain to fetch roughly £600m.

Queensgate is run by Jason Kow, an actual property financier, and counts the hostels enterprise Generator and a quartet of Leonardo-branded inns amongst its investments.

Bourne Leisure, which additionally trades below the Haven and Warner Leisure Motels manufacturers, determined together with proprietor Blackstone to place Butlin’s up on the market after concluding that it didn’t match with the remainder of the group.

Based on the model’s official historical past, Mr Butlin “felt sorry for households staying in drab guest-houses with nothing a lot to do” throughout a visit to Barry Island.

In its heyday, Butlin’s operated from 9 websites throughout the UK, entertaining a million holidaymakers annually with knobbly knees competitions and glamorous granny contests.

The model grew to become such an entrenched a part of Britain’s widespread consciousness that it offered the inspiration for Hello-de-Hello!, the long-running BBC sitcom.

PA NEWS PHOTO 6/11/62 BILLY BUTLIN KING OF THE HOLIDAY CAMP "BUTLINS" RECEIVING A DUAL KISS FROM MISS AMERICA AND MISS CANADA AS THEY COMPETE FOR THE MISS WORLD TITLE.  *  11/4/01: The great British holiday resort Butlins celebrates its 65th birthday. Butlins, that has launched the careers of celebrities past and present, first opened its doors to holidaymakers in 1936 in Skegness, Lincolnshire. Their famous Redcoats have kept the work-weary entertained at resorts across the country.
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The model was created by its eponymous founder, Billy Butlin, in 1936

Its fortunes waned with the explosive progress of alternatives for Britons to vacation overseas, however has loved a resurgence because the pandemic has fuelled a increase in staycations.

Butlin’s different websites immediately are at Minehead in Somerset and Bognor Regis, the normal seaside city near the South Downs Nationwide Park.

By means of its public relations agency, the Communications Group, Queensgate didn’t reply to a number of requests for remark.

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