Blackstone and Bourne to sell Butlin’s to Harris family
US investment firm Blackstone has sold UK seaside resort operator Butlin’s to the Harris family, one of the group’s previous owners, for an undisclosed sum. Founded in 1936 and at one stage operating ten properties, Butlin’s today operates three resorts, in Minehead (Somerset), Bognor Regis (West Sussex) and Skegness (Lincolnshire) in England, which together attract some 1.5 million visitors annually. In early 2021, Blackstone acquired Butlin’s through its purchase of Bourne Leisure from the Harris, Cook and Allen families. Then in early 2022, Blackstone sold the real estate components of Butlin’s to the Universities Superannuation Scheme for approximately £300 million.
