French investment house PAI Partners is in the process of selling the Dutch holiday park group Roompot Vakanties for some €1bn, including debts, the Financieele Dagblad said on Friday.

A sale would mean the company has changed hands for the third time in 10 years. PAI bought Roompot from Dutch investment house Gilde Buy Out Partners in mid 2016 for almost €600m.

The sale process will start next year and there is considerable interest from other investment groups, sources close to the deal told the FD.

Roompot runs 200 parks in the Netherlands, Belgium, France and Germany with more than 19,000 holiday houses to let. Of those, 11,000 are owned directly and rest have private owners who give letting rights to Roompot.