Vacasa to buy Wyndham Vacation Rentals for about $162 mln
Summary
Wyndham Vacation Rentals’ homeowners will continue to benefit from industry-leading dynamic pricing, partnerships with top online travel agencies and preferred regional and local brands. “After conducting a rigorous strategic review process that generated strong interest from multiple parties, we are confident that Vacasa is the ideal buyer,” said Michael D. Brown, president and CEO of Wyndham Destinations. “In the past decade, we grew our vacation rental business to prominent leadership in North America. “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,” said Eric Breon, founder and CEO of Vacasa. Founded in 2009, Vacasa and its subsidiaries manage a growing portfolio of more than 14,000 vacation homes in the U.S., Europe, Central and South America, and Africa.