Hill Brothers Residential & Leisure Parks has bought Beacon Fell View in Longridge from Hagans Leisure for around £11m.
The 35-acre holiday park is located close to Dilworth Upper Reservoir in the Ribble Valley and is licensed for 419 caravans. The site has planning consent for further lodge development.
Facilities at Beacon Fell View include an indoor swimming pool, a bar, an amusement arcade, a gym, and an entertainment venue with food and beverage offer.
The sale is among the largest holiday park deals in the UK this year, according to Colliers International, which acted for Hagans.
Tom Hill, director of Hill Brothers, said: “We see [the acquisition] as a great opportunity to expand our portfolio in the Ribble Valley.
“Parks of this quality and size don’t often come to the market in the North West, and we look forward to further expansion in this sector.”
Beacon Fell View is Hill Brothers’ tenth holiday park. The company also owns sites in Morecambe, Congleton, Ormskirk and Wirral.
Robert Smithson, senior surveyor at Colliers, said: “Beacon Fell View was brought to the market confidentially as a rare asset, and it attracted significant demand, which was crystallised in a short timescale with various offers.
“This is one of the biggest individual park sales in the UK this year. The fact that it was achieved off-market to a cash buyer underlines the strength of the holiday parks sector, which was performing well before the pandemic and has since continued to flourish amid rising demand from holidaymakers seeking staycations.”