Center Parcs - Corporate Ownership

Corporate Ownership

CenterParcs Europe is owned by an American group called The Blackstone Group. Centerparcs Europe and Centerparcs UK share only history, name and logo.

In 2003 Scottish & Newcastle sold the European branch to a joint venture of Pierre et Vacances (P&V) and DBCP, a German investment group. This was given the name CenterParcs Europe (CPE). P&V owned Europe's largest (in terms of bed-count) bungalow-vacation-supplier, Gran Dorado Resorts, a Dutch former joint venture of Vendex, Algemeen Burgerlijk Pensioenfonds, GAK and Philips Rentefonds. P&V brought Gran Dorado in the joint venture. CPE was based in Rotterdam, Netherlands, and the Dutch and European Commercial Competition Authority did not approve of combining Gran Dorado and CenterParcs. The would almost control the European market. The authority demanded fewer beds. This resulted in sale of all but six Gran Dorado Resorts to Dutch Landal GreenParks. The remaining six parks were added to the CenterParcs. These were Loohorst (NL), Port Zelande (NL), Zandvoort (NL), Weerterbergen (NL), Hochsauerland (D) and Heilbachsee (D).

After the sale, the Gran Dorado flag flew at Gran Dorado Resorts until January 1, 2003. By this date, all sold parks were rebranded Landal and five of the six remaining parks were rebranded Sea Spirit from Center Parcs or Free Life from Center Parcs. All original Center Parcs resorts in the Netherlands, France, Belgium and Germany were sub-branded CP Original. The Weerterbergen-Resort was sold to Roompot in 2002 because of the cost of bringing it to standard be. From 1 January 2003, Gran Dorado Resorts-Brand was no longer used.

In 2003, Deutsche Bank Capital Partners (DBCP) was bought out of the joint venture by Pierre & Vacances. The French are now sole owners of Center Parcs Europe.

The sub-branding ended in 2006 with another rebranding. From 2006 season, all resorts were branded Center Parcs. In January 2009, Sunparks launched alongside Center Parcs in Europe.The sites improved and had the Sunparks brand applied. Sunparks is a low-cost version. A number of the former Gran Dorado resorts are now under this umbrella.

Read more about this topic:  Center Parcs

Other articles related to "corporate ownership":

Cambridge Chronicle - History - Corporate Ownership
... The Community Newspaper Company was sold to the Boston Herald's owner, Herald Media, in 2001 ... It was again sold to GateHouse Media, in 2006 ...
Leader-Post - Corporate Ownership
... An immediate effect was a significant reduction in coverage of local and provincial news, and a greater coverage of national events ... Loss of news reporter staff, the increasing television news coverage and the arrival and growth of the internet all increased difficulty in preserving, much less increasing, the Leader-Post's significance ...

Famous quotes containing the words ownership and/or corporate:

    They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    The corporate grip on opinion in the United States is one of the wonders of the Western World. No First World country has ever managed to eliminate so entirely from its media all objectivity—much less dissent.
    Gore Vidal (b. 1925)