Kenwick Park bought out in multi-million pound double deal
Kenwick Park Hotel.
By Grimsby Telegraph | Posted: 6 Aug 2018
LINCOLNSHIRE hotel resort Kenwick Park has been bought out by South Yorkshire leisure developer Coppergreen, in a multi-million pound double swoop.
The estate close to Louth, features hotel, spa, golf and lodges, and has been owned by the Flynn family for the past 30 years.
A popular wedding and function venue for the wider area, is has been bought alongside a new development at Clumber Park in Nottinghamshire.
Coppergreen chief executive David Copley said: “Kenwick Park and Clumber Park are absolutely perfect sites for our portfolio, which is focused on quality accommodation and beautiful settings. The British holiday market, and those choosing to have staycation, is growing and this will enable us to improve our offering to those who want to explore our beautiful countryside.”
Donna and David Copley, founders of Coppergreen.
Kenwick Park is set in 320 acres of woodlands and manicured grounds. It features a 34 bedroom hotel, lodge complex and an award-winning recently rebuilt spa, following a fire that devastated the original facilities.
The deals are undisclosed, but a £25.3 million capital growth package was pulled together by Coppergreen’s husband and wife led team to fund the acquisitions. Kenwick and Clumber Park will join the two existing operations, Woodland Lakes Lodges, a 54 lodge holiday park in Carlton Miniott, near Thirsk, North Yorkshire and luxury golf and fitness resort Piperdam, near Dundee, Scotland.
After 30 years of active involvement in the creation of Kenwick Park, the Flynn family said they believed now was the right time to let Coppergreen take “the next exciting steps to build upon Kenwick’s long history”.
Stuart Flynn, with daughter Gemma, at the re-opening of the spa facilities.
Stuart Flynn gave his thanks to his professional advisors “for their expert help”, naming David Everatt of Forrester Boyd, Grimsby, and Andrew Funnell of Andrew Jackson Solicitors.
Mr Funnell, the Grimsby solicitor who heads up the corporate department of Hull-based Andrew Jackson, said: “We are delighted that the team at Andrew Jackson has helped to advise on such a significant transaction for the region and the holiday lodge industry. We wish Stuart and his family a long and happy retirement.”
For Coppergreen, Shoosmiths acted. Corporate partner James Foster led on the deal. He said: “This represents a major coup for Coppergreen, doubling the size of its portfolio but, more importantly, securing two great sites that sit well within its portfolio.”