The Exchange and Rentals business arm of Wyndham Worldwide is set to acquire Hoseasons Holdings Ltd in a deal said to be worth around $60 million.
Suffolk based Hoseasons was established in the 1940s and currently offers more than 15,000 lodges, cottages, villas, caravans and boats across seven European countries. Hoseasons brands include: Bowhills, holidaybank, Dales Holiday Cottages, Scotland Cottages, Cottage Holidays Direct and Boating Holidays Direct.
Wyndham’s European rentals business includes many of Europe’s best-known holiday brands including English Country Cottages, Scottish Country Cottages, cottages4you, Welcome Cottages, Chez Nous and Canvas Holidays in the UK.
The purchase is subject to approval from the Financial Services Authority (FSA), which the companies expect to receive before the end of the first quarter.