Holiday Extras announces acquisition of City Hotel Reservations
Cripps Pemberton Greenish has advised longstanding client Holiday Extras on its acquisition of City Hotel Reservations (CHR).
Holiday Extras is the UK market leader in holiday extras such as airport parking, airport hotels, lounges and travel insurance. City Hotel Reservations, which was established in 2003, operates airport hotel and parking websites such as www.heathrowhotels.com and www.stanstedparking.com.
Over the last two years Holiday Extras has built or acquired relevant airport hotel and parking specialist assets, including Purple Parking’s brand and website and the world’s leading provider of parking software, Chauntry. Combined with the Holiday Extras consumer brand in the UK and Germany, airport car park operator Airparks and parking technology specialist Park-IT, the group has built and acquired a portfolio of complementary assets that help to meet its strategic objectives.
Simon Hagger, Deputy CEO and Chief Business Development Officer commented “James, Lowri and team proved to be an essential part of making this deal happen. They partnered closely with us from the start, delivered robust legal due diligence and throughout the entire process took a pragmatic and commercial approach in their advice. Importantly, when it mattered most they went the extra mile and were on hand day and night to meet challenging deadlines to ensure we completed successfully. I look forward to working with them on future projects.”