--U.K. holiday camp chain Butlins is set to be auctioned off next year to cash in on a boom in "staycations" amid the coronavirus pandemic, Sky News reports.

--Blackstone Inc., a private-equity company which controls Butlins owner Bourne Leisure, has asked investment bankers at Rothschild to kick-off the sale, according to Sky News.

--The valuation of Butlins and its three sites isn't clear but bankers and private investors said there would be a "deluge" of interest, Sky News reports.

 

Full story: https://bit.ly/3ljQacG

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

November 29, 2021 02:02 ET (07:02 GMT)

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