Monday 28 March 2016

Tui confirms sale of Meon Villas

TUI has confirmed it has sold Meon Villas to #luxury #villa specialist Oliver's Travels.

Meon Villas, part of Tui's Specialist Holidays Group, was closed at the end of October last year after a decision to focus on the hotel villas featured by sister brand Sovereign Holidays. Tui said that the villa operator's assets, including its client and trade database and the Meon name, had been sold for an undisclosed sum. It is likely to retain around 15 of the 80 property contracts which Meon had.

Oliver's Travels has villas and chateaux in Europe and the Caribbean. The acquisition will allow it to increase its villa portfolio in key Mediterranean destinations.


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