This latest acquisition – the second in 12 months – sees Classic’s parent company, Worval Holdings, grow to become the second largest privately-owned holiday cottage company in the UK.
Worval, whose brands include Aspects, Boutique Retreats, Classic Glamping and, at its core, Classic Cottages, now offers customers a choice of holiday properties from Land’s End to East Wight.
Simon Tregoning, chairman of the Classic Cottages Group, which celebrates its 40th anniversary this year, said: “We’re delighted to add the Wight Locations to Classic’s portfolio.
“Our guests now have over 1,000 beautiful holiday properties to choose from. The Wight Locations team will continue to operate from the island’s office but now have the back-up, digital expertise and support from our head office.”
Financial details were not disclosed.
Henry Maples who led the Murrell Associates team on the transaction said: “We were delighted to assist on another successful acquisition for Classic Cottages. This further consolidates their position as one of the leading provider of self-catering holiday accommodation in the UK.”