Vacasa, North America’s largest vacation rental management platform, is set to acquire the Colorado-based Resort Lodging Company. The deal will be finalized by the end of December.
The integration of the two companies will be complete by Spring of next year, with Vacasa assuming management of Resort Lodging Company’s entire inventory of 250 properties in Steamboat Springs, Colorado. With this acquisition, Vacasa will also bring on 11 homeowners associations (HOAs).
“We are thrilled to begin caring for Resort Lodging Company’s portfolio of beautiful vacation rentals, providing new options to our guests who love Steamboat Springs as much as we do,” said Bob Milne, COO of Vacasa, in a press release. “The talented Resort Lodging Company team will be a great asset to Vacasa, as we build relationships with homeowners and continue to scale in Colorado.”
The acquisition will further increase the reach of Vacasa’s recently launched community management association program, which provides management services to vacation rental homeowners through their respective community associations.
“Colorado was one of the first states where we launched Vacasa Community Association Management due to its high number of second home-focused associations within key vacation destinations,” said Meghan Lutterman, who leads the program. “We look forward to working with Resort Lodging Company’s tenured employees in providing best-in-class services to our new HOA board partners.”
After the acquisition, Vacasa will manage 62 HOAs across Colorado. The company also recently acquired Wyndham Vacation Rentals, bringing the number of vacation rentals they manage in the state to 2,500.
Vacasa also recently purchased Sterling Resorts, one of the largest vacation rental management companies on the Florida Gulf Coast, adding 450 homes to their roster.
We can expect more acquisitions in the future, as the company received a major cash injection in October, raising $319 million in Series C funding.
photo credit: resort lodging company