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Hoseasons, the Lowestoft-based cottage and boating holidays firm, has been acquired by Wyndham Worldwide of the US for £39m.

Hoseasons is to expand the 250-strong workforce at its holiday sales call centre in Lowestoft with 15 new staff over the next few weeks.

Hoseasons, the self-catering holiday company, has been acquired by private equity firm HgCapital for £40m.

Hoseasons, the supplier of boating and cottage holidays, has undergone a £22m management buy-out, and is now expected to expand into continental Europe.