Articles tagged “vacation rentals”

Vacasa Seeks New CEO as Founder Eric Breon Steps Aside

Eric Breon grew Vacasa from a business run off his dining room table to North America’s largest full-service vacation rental management business. Few startups have the awareness to know when they need different leadership to get to an initial public offering, and Vacasa may be a rare exception.

Sykes Cottages Sold for $480 Million in a Bet on Tech-Led Short-Term Rentals

The deal gives a nice return to private equity firm Livingbridge, which bought Sykes in 2015 for about $75 million. What makes Sykes Cottages stand out is that it has fully built almost all of its technology on its own and has almost 80 percent direct bookings. New majority stakeholder Vitruvian is now placing a bet on short-term rentals.

Vacasa Nets $319 Million in Backing for Vacation Rental Management

Short-term rental companies can't believe their luck. Private equity and venture capital continue to pour into their sector despite a hot market. Vacasa has remained an investor darling, in part, because it has branched into opening real estate brokerages to help boost the supply of units.