Haven and Warner Hotels-owner plots break-up and sale

The institution down the Haven vacation parks and Warner Leisure edifice chains is plotting a break-up that volition trigger abstracted auctions of the businesses.

Sky News has learnt that Blackstone, the backstage equity behemoth which owns a controlling involvement successful Bourne Leisure, is preparing to authorisation a merchantability of Haven arsenic aboriginal arsenic adjacent year.

A disposal of Warner would past travel immoderate transaction involving its sister business, according to radical adjacent to the situation.

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The group, which has already installed standalone main executives astatine the 2 subsidiaries, is present focused connected further operational and fiscal separation, they added.

Bourne Leisure, which has been owned by Blackstone since 2021, draws millions of visitors to its sites each year.

The radical besides owned Butlin's until 2022, earlier the vacation parks concern was sold to the group's co-founders, the Harris family, successful a woody worthy astir £300m.

Since buying the business, Blackstone has invested much than £550m successful the portfolio of vacation parks and hotels.

Last twelvemonth is said to person been a grounds 1 for Haven, with bookings up 13% and 3.6 cardinal visitors.

Accounts for 2023 show, however, that Bourne Leisure made a pre-tax nonaccomplishment of conscionable implicit £166m.

Bankers person yet to beryllium hired to coordinate income of the 2 businesses, according to radical adjacent to the company.

Blackstone declined to comment.