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Getting price-gouged by private equity in the UK's happiest resort (2023)
Trees, bicycles, quiet pints by the lake, and taking out £1.9bn of debt to have it all
Later, you all saunter back to your lodge, the kids go to bed, and you and your spouse enjoy a quiet glass of wine on the patio and listen to the sound of trees rustling in the cool summer breeze. The difference: if you want to buy 100 shares of Amazon (not investment advice, read the disclaimer) on the NASDAQ, any member of the public can log on to a computer and do so at a moment’s notice, assuming the market is open. At very rough numbers, if Brookfield bought Center Parcs for £2.4bn, and have averaged a debt load of around £1.9bn over the last five years, that implies they brought around £500m of their own money to the party.
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