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. In December 2004, Park Resorts was merged with GB Holiday Parks.

In December 2004, Park Resorts was merged with GB Holiday Parks, which had just been acquired by ABN Amro Capital. The enlarged business became the UK's second largest caravan park group, run by David Vaughan and the Park Resorts management team.

CBPE fully realised its investment in Park Resorts in March 2007 in a £440m sale to GI Partners.