Park Resorts was created when CBPE purchased 12 coastal caravan parks from Bourne Leisure in May 2001, in partnership with a management team led by David Vaughan.

Park Resorts, one of the UK’s leading caravan park operators was sold to ABN Amro for £165 million, in December 2004. The transaction merged Park Resorts with GB Holiday Parks to create the UK’s second-largest caravan park group, retaining the name Park Resorts. CBPE retained a residual investment in the enlarged group and subsequently fully realised its investment in Park Resorts in March 2007 in a £440m sale to GI Partners.