The owner of Center Parcs is said to be ready to launch a £4bn auction of the business after the holiday firm recorded the most profitable half year in its history, reports have suggested.
Sky News reports that Brookfield Property Partners, the Canadian property giant, is looking to sell Center Parcs UK, and that this could potentially happen as soon as this year.
It's been suggested that Brookfield worked with the accountancy firm PricewaterhouseCoopers ahead of the sale process.
But it's said that investment banks were yet to be officially appointed to handle a potential auction.
But it's also been suggested that Brookfield might opt to retain the business for a longer period if it does not secure a sufficient offer.
The leading company in the leisure industry opened its first holiday destination at Sherwood Forest back in 1987.
It has grown and grown and draws millions of visitors each year to the five of its sites across the UK, visitors booking to take part in a variety of indoor and outdoor leisure activities.
Last year, managers at Center Parcs announced plans for its sixth UK site at Oldhouse Warren in West Sussex.
The firm posted record earnings of almost £120m before interest, tax, depreciation and amortisation in its latest financial results for the 24 weeks ended October 7.
The firm's UK and Ireland operations are owned separately to the European business trading under the brand.
Nottinghamshire Live approached Brookfield and Center Parcs for comment.
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