Hoseasons Holdings, the UK-based, self-catering holiday provider, is to be bought by the European rentals arm of Wyndham Worldwide.

The purchase, from HgCapital and various individual parties at a price of around US$60m, is subject to Financial Services Authority consent which the companies hope to obtain before the end of March. Hoseasons provides a wide range of holiday offerings in over 15,000 lodges, cottages, villas, caravans and boats across seven European countries.

Wyndham's European rentals business provides the exclusive marketing of independent holiday accommodation across the continent and features many of Europe's best-known holiday brands. Included are English Country Cottages, Scottish Country Cottages, cottages4you, Welcome Cottages, Chez Nous and Canvas Holidays in the UK, plus Landal GreenParks, Novasol, Dansommer and Cuendet across northern, central and southern Europe. Between them, the brands have a portfolio of more than 60,000 holiday properties located in over 20 European countries.