Villa holiday company snapped up by acquisitive group
Alcester-based travel company Villa Select has been snapped up by holiday operator Brooklyn Travel.
The owners of Glasgow’s Stewart Travel have added Villa Select to their group, buying the business from Cheshire-based ITC Travel Group. The value of the deal has not been disclosed.
Brooklyn Travel was set up following a management buy-out of Stewart Travel from the Minoan Group last year.
Villa Select, which was founded in 1983 and also has a base in Majorca, offers upwards of 350 luxury properties in Europe, US, Caribbean and south-east Asia for holiday rentals. Its latest accounts filed at Companies House show it generated profits of £2.1m
Duncan Wilson, Brooklyn’s chief executive, said: “While it is true that we are in expansion mode, we are only interested in organisations that share our culture of quality product and service at value for money prices.
“We have very ambitious plans to grow and develop Villa Select in a very short period of time, significantly increasing the already impressive property portfolio at the company’s disposal.
“Our strategic path is one of building a portfolio of specialist brands which are performing well in their own right and may be assisted by our bulk buying power and our retail estate that is Stewart Travel.”
Villa Select have been contacted for comment.