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Staycation frenzy sparks £600m merger of Away Resorts and rival Aria Wednesday 4th August 2021 07:45 BST
Sky News has learnt that Away Resorts is buying rival Aria Resorts, which operates 14 sites across the UK, in a deal that could be confirmed as soon as Wednesday.
Sources said that Away, which was recently acquired by CVC Capital Partners, had agreed to buy Aria from the investment firm Angelo Gordon.
Aria operates popular resorts such as Retallack Resort & Spa in Cornwall and The Bay Colwell on The Isle of Wight.
The deal will bring Aria under the leadership of Away s management team, which is led by the chairman, Rooney Anand, and chief executive Carl Castledine.