Three prominent holiday parks in west Wales have been sold in a series of deals with a combined value of almost £17 million, following the collapse of their previous operator.
Parks Find New Owners After Celtic Holidays Collapse
The parks – Meadow House, Noble Court, and Croft Court Country Park in Pembrokeshire – were sold out of administration. The joint administrators, Alistair Wardell and Richard Lewis of Grant Thornton, appointed property consultancy Savills to market the assets after the failure of Celtic Holidays Parks last year.
Richard Prestwich, director in the leisure and trading team at Savills, commented on the strong market interest. “The parks attracted exceptional interest thanks to its prime location and the strong reputation of the business,” he said.
Breakdown of the Multi-Million Pound Sales
The sales were conducted via an informal tender process, which drew interest from over 100 parties. The successful bidders for each site are now confirmed.
Meadow House has been acquired by Hall Bros Leisure for £10m. The 15.92-acre site features 187 static holiday caravans and twin-unit lodges. Of these, 178 are privately owned, with the remainder forming a hire fleet.
Noble Court has been purchased by Threesix Holdings for £3.2m. This is the largest site by area, extending to 49.70 acres. It accommodates a mix of 173 privately owned and hire fleet units, including holiday caravans, lodges, and glamping facilities.
Croft Country Park has been bought by the Henson Leisure Group for £3.5m. The 12.88-acre park currently has 124 static holiday caravans, with 75 in private ownership. The site also holds planning permission to develop a further nine pitches.
Strong Demand for Leisure Assets in Prime Locations
“With over 100 parties expressing interest – demonstrating strong demand for these types of assets – Savills conducted an informal tender process to ensure a fair and competitive outcome,” added Prestwich.
He confirmed that the process successfully identified winning bidders for all three parks, securing their future under new ownership. The nearly £17m in transactions highlights the continued investment appeal of well-located leisure and tourism assets in Wales, despite the previous operator's financial difficulties.
