Leisure Escapes, one of West Wales’ leading holiday park operators, has purchased its third park supported by a seven-figure funding package from HSBC UK.
The deal sees the family-run business acquire the Caerfelin Holiday Park, in Aberporth. The purchase of the 11-acre park, which is home to 100 caravans, is an important step in Leisure Escapes’ long-term strategic growth plan, which is supported by HSBC UK.
Tomas Davies, Director of Leisure Escapes, explained: “The last year has been extremely turbulent for the hospitality and tourism industry so acquiring our third park, with the support of HSBC UK led by our Relationship Director, Simon Williams, underlines our commitment to providing high quality accommodation and facilities for our guests.
“As a family tourism business, the plan to purchase Caerfelin Holiday Park has been in the pipeline for a few months. We were grateful to be assisted by the Wales Corporate team at HSBC UK and look forward to continuing our relationship, as well as playing our part in regenerating the Welsh economy in a post-Covid climate.”
Warren Lewis, Head of Corporate Banking Wales for HSBC UK, added: “Not only will this deal continue Leisure Escapes’ growth in West Wales, it also supports the local economy of the area thanks to the influx of visitors holidaying once more. We’ve supported the team for a number of years and look forward to continuing our relationship during an exciting time for Leisure Escapes as the business grows to meet demand.”
The third-generation family business started in 1969 with its first site, Pencnwc Holiday Park located in New Quay, Wales. A second site, New Minerton Leisure Park near Tenby, was acquired in 2010 also with financial support from HSBC UK.