Today, Vacasa announced it has officially snatched up Wyndham Vacation Rentals from Wyndham Destinations for the purchase price of $162 million.
Vacasa financed the deal through a combination of cash and equity. After customary closing adjustments, Wyndham Destinations received $156 million in cash and $10 million in Vacasa equity.
Back in 2018, Vacasa overtook Wyndham Vacation Rentals as the largest vacation rental management platform in North America. The acquisition of Wyndham Vacation Rentals serves as the latest major milestone for Vacasa, nearly doubling the company’s inventory to total in more than 23,000 vacation homes worldwide.
Regarding the acquisition, Vacasa’s founder and CEO Eric Breon said, “The Wyndham Vacation Rentals team brings a tremendous amount of hospitality expertise, and we are excited to welcome them to Vacasa. Our industry-leading yield management and marketing will generate optimal revenue for homeowners, and the unity of our local teams will continue to create five-star experiences for our guests.”
Now more than ever, Vacasa has distinguished itself as the clear leader in the fast-growing vacation rental industry, making others wonder what’s next for the company.
Caption: 2892 Deerfield Rd., a vacation home managed by Vacasa in Sag Harbor, New York. Photo courtesy of Vacasa.