Tasman Holiday Parks Group (THP) continues to expand rapidly, completing AU$65 million in acquisitions this quarter. All-in-all, the company has now invested a total of over AU$350 million in acquisitions and development since mid-2020.
Tasman’s latest portfolio additions include two in Western Australia, one in northern NSW, and one which is THP’s first Victorian property. Combined, the latest acquisitions cost the company AU$65 million, as per CEO Nikki Milne.
The company now owns 21 holiday parks in Australia and five in New Zealand, with the number of revenue-generating sites growing to over 4,000. This leverages the company to meet its target of doubling in size over two years to the end of 2023, Milne wrote in a LinkedIn post.
The group, supported by a AU$300-million capital raised in 2021, is answering the rising demand from the tourism market for holiday accommodation in idyllic locations.
“Tasman Holiday Parks is rapidly increasing development activities across its portfolio, led by the expansion of its premium holiday park at Racecourse Beach at Bawley Point on the NSW South Coast, with a strong development pipeline also commenced in Queensland,” Milne wrote in the post.
THP expects to announce further acquisitions across New Zealand and Australia in the near term.
Tasman Holiday Parks is the fastest growing owner, developer, and operator of holiday parks across Australia and New Zealand. With its rapidly expanding portfolio, the company welcomes over 325,000 guests annually across its locations. Tasman Holiday Parks is backed by Tasman Capital Partners, an Australian mid-market private equity firm.