Holiday Park Sector Boosted By Multi Million Investment

West Sussex Location Receives Huge US Investment
West Sussex Location Receives Huge US Investment

Friday, 10, Jan 2020 01:43

By William Colemman

The world of the caravan holiday is getting a multi million pound investment boost as a motorhome investor has entered the holiday park world from across the pond in the US.

Cove Communities, the specialist long-term investors and operators of manufactured home and motorhome communities and resorts in the United States and Canada, announces the completion of its first UK-based acquisition, Bunn Leisure, 116.58 acres in Selsey, West Sussex.

This acquisition reflects the Company's belief in the long-term growth prospects for the UK holiday park market and the opportunity to further enhance the broad appeal of the Bunn Leisure site and proposition, offering residents and guests an appealing lifestyle in a unique and accessible coastal location with world-class amenities.

Cove Communities' UK business is led by UK Managing Director, Mark Seaton and the Bunn Leisure team is under the leadership of Geoffrey Smith, Director of Finance and Operations, and Danny Kaye, Resorts Director. Between them, the UK management team has over 80 years of UK tourism and leisure experience.

Mark Seaton, UK Director for Cove Communities, said: "Bunn Leisure is a fantastic holiday park, which we believe offers a truly unique proposition to families looking to enjoy a staycation or purchase a caravan vacation home on this beautiful stretch of accessible coastline.

"We see immense potential for the UK's caravan, holiday and residential park sectors, supported by appropriate investment and careful strategy, and as such we are excited by the long-term prospects for Cove Communities to further invest and enhance the unique aspects of exceptional parks, such as Bunn Leisure, as part of a wider UK caravan and residential park portfolio."

Bunn Leisure provides self-catered family accommodations, incorporating three Holiday Village areas and one Camping and Touring Park area, all graded from 4 to 5 stars, along with resort-style entertainment leisure facilities and amenities.

Cove Communities is currently undertaking a £23m investment programme at the site, started under the previous owners, and is in the process of developing a further five-year capital investment programme to include investment focused on environmental management and new sea defenses.

The business is intent on building on Bunn Leisure's strong reputation in the marketplace and ensuring the business is well positioned to serve guests, residents and the local community for years to come.

During peak season, the business will employ over 600 people and host 11,000 guests and residents, generating significant income for the local economy. The business is also exploring options to introduce an apprenticeship scheme for young adults once the integration of the site into the Cove Communities business is fully complete.

Cove Communities was founded in 2017 by industry experts, focused on the long-term investment and operation of manufactured home and motorhome communities and resorts. The portfolio has since grown to include over 9,250 sites across the U.S.A, Canada, and the UK.

The Company has a robust pipeline of deals internationally and is looking to grow its portfolio in the UK through acquisition of further exceptional caravan, motorhome and residential park sites.

Comments - What do you think?
Related stories

Swift Confirm Factory Closure And Redundancies

Swift reduce their headcount

Some sad news has come from one of the UK's most popular caravan manufacturers who have been forced to cut staff numbers and even close down production due to a rocky year and some negative political decisions.

Caravanning New Year Resolutions

The New Year is here and it is time to set ourselves some goals and challenges for 2020. As touring folk we can sometimes endulge or get stuck in our ways so why not combine some new year resolutions and holiday making?

For Sale

Burstner Nexxo t720 - 2012 - £44995

Burnster Nexxo t720

Low Low profile chasis motorhome

Rapido A-Class 999M - 2009 - £54995

Rapido A class 999M

This flagship Rapido model is based on the Mercedes Sprinter chassis (very rare) with the fantastic Mercedes 3.

Monaco Knight 38 PDQ - 2006 - £79995


THE most practical RV layout ever on the market with four slide out rooms, full cream leather interior and light oak cabinetry creates even greater feeling of space.

Niesmann+Bischoff Arto 69 PL (auto) - 2011 - £61995

Niesmann + Bischoff Arto 69 PL

One of the best build qualities in the industry including aluminium sandwich construction, deep double floor and front electric thermo windscreen blind make this motorhome fully winterised.

Benimar Tessoro Part 1: The 483 Full Test

The Tessoro 483 is built on a 170BHP Ford

At CaravanTimes we recently had a Benimar Tessoro 483 on test for a couple of weeks. We have done just over 2000 miles in the Tessoro and tested in various ways - as you will find out in our inspiration features coming up. But before we give you some ideas of where and why you should use a motorhome like the Tessoro we wanted to bring some information on the Tessoro range and the very interesting 483.

Bristanbul Video Documentary Part 1

Part one of the documentary is here

So as most of our readers will know, the CaravanTimes team were lucky enough to be part of Bailey of Bristols, Bristol to the Bosphoros trip. Travelling 21 countries in 21 days the team did a fantastic job to take the 2 caravans and motorhome cross-continental.

In pictures: testing the new Auto-Trail V-Line Sport 635 to the extreme

Caravan Times' Favourite Adventure Couple, Simon & Faye, CHeck out the new Autotrail V-line

This weekend however, we decided to test out how sporty the Auto-Trail V-Line Sport 635 really is.

PLANS VETOED: Essex caravan park plans vetoed again

Possible site location at Port Flair

Plans for a 70 pitch caravan park in Essex have been rejected by the local council for a second time.