Blackstone exits Butlin’s to new Harris family company

Blackstone acquired Bourne Leisure in January 2021 from founders the Harris, Cook and Allen families.

  • The Harris, Cook and Allen families co-invested when Blackstone took control of Bourne Leisure in January 2021 and together own a minority stake
  • Butlin’s has been bought by a new company backed by the Harris family
  • Upon completion, Bourne will continue to operate its two heritage brands, Haven and Warner Leisure Hotels

UPDATE Blackstone and Bourne Leisure have announced the sale of Butlin’s to a new company backed by the Harris family for £300 million.

Butlin’s is a string of British seaside resorts headquartered in Hemel Hempstead, England. The Harris, Cook and Allen families were founders of Butlin’s and co-invested alongside Blackstone when it bought Bourne Leisure in 2021, taking a minority stake. Butlin’s operates three resorts in UK towns Minehead, Bognor Regis and the original site, Skegness.

Upon completion, Bourne, also headquartered in Hemel Hempstead, will continue to operate its two heritage brands, Haven and Warner Leisure Hotels. Haven is the largest UK caravan operator with 41 holiday parks and 2.7 million visitors a year. Warner is the only UK hotel chain to cater exclusively for adults.

“We believe we are well positioned to drive the continued success of both the Haven and Warner businesses,” said Lionel Assant, European head of private equity, Blackstone. “Proceeds from the Butlin’s sale will enable us to continue delivering our ambitious investment programmes across both brands.”