Blackstone acquires Bourne Leisure

Blackstone has acquired Bourne Leisure, which operates the popular Warner Leisure Hotels, Butlin’s and Haven brands.

Bourne employs more than 16,000 staff, hosts 25,000 holiday-home owners, and attracts 4.5 million guests to 56 sites across the UK every year. 

Haven is the largest caravan operator in the UK with 38 holiday parks and 2.5 million visitors a year. 

Blackstone has a proven investment track record in the wider hospitality, travel and leisure sectors, including its prior investment in Center Parcs and current ownership of Merlin, which has grown to become the second largest operator of visitor attractions and theme parks globally.

“We are long-term believers in the UK and are delighted to invest meaningful capital, despite recent uncertainty, to support the recovery of a Covid-impacted industry, and wider local economies,” says Lionel Assant, european head of private equity at Blackstone.

“We look forward to working in partnership with Bourne Leisure’s founding families, the management team led by Paul Flaum, as well as colleagues from Blackstone Real Estate, to further grow this great company. Our strong track record investing in the UK leisure sector will allow us to further enhance the company’s unique, high quality assets across the country, and continue building on its success for guests, holiday-home owners and team members over the last 57 years.”

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