August 5, 2019
Portland-based Vacasa is buying Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, and will bring in more than 23,000 homes to its vacation rental management platform portfolio. Vacasa will finance the acquisition through a combination of cash and equity.
Vacasa’s Eric Breon says, “We are excited to partner with the pioneering company in the short-term rental industry that helped make vacation homes popular for so many families around the world. Combining Wyndham Vacation Rentals’ decades of operational excellence with Vacasa’s next-generation technology will deliver the industry’s best vacation rental experiences.”
The properties span North America, Central and South America, Europe and Africa. Signature Wyndham Vacation Rentals regional and local brands under the new Vacasa umbrella will include Hatteras Realty, ResortQuest, ResortQuest Whistler, Smoky Mountains Property Management, Kaiser Realty, Corolla Classic Vacations and Vacation Palm Springs.
Vacasa expects to complete the full integration with Wyndham Vacation Rentals by fall 2020.
For comments, questions or concerns, please contact Dennis Kaiser