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Pontin's acquired by Britannia Hotel Group
By Pete Hayman
Britannia Hotel Group has bought Pontin's as a going concern
KPMG has announced that it has reached an agreement with the Britannia Hotel Group to sell holiday park operator Pontin's as a going concern.
Jane Moriarty, David Costley-Wood and Rob Croxen were appointed joint administrators of Pontin's in November last year after the business encountered financial difficulties. Britannia will now take over Pontin's five holiday parks - Prestatyn Sands in North Wales; Brean Sands, Somerset; Pakefield, Suffolk; Southport; and Camber Sands, West Sussex.
The sale of the business will also help to safeguard 850 jobs and it is hoped that Pontin's long-term future will now be secure. Britannia's Alex Langsam said: "Our plans will take shape without delay as we look towards developing a bright future whilst retaining the best traditions of the past.
"Pontin's will remain a national treasure, to be enjoyed by generations to come." Croxen added: "We are really pleased that Britannia, a leisure operator with a proven track record, has clinched the winning bid, ensuring Pontin's lives on as a destination for holidaymakers."
KPMG has announced that it has reached an agreement with the Britannia Hotel Group to sell holiday park operator Pontin's as a going concern.
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