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Vacasa Raises $319M, Completes $162M Wyndham Destinations’ Deal
Portland-based Vacasa received a $319-million strategic investment round led by Silver Lake. Existing investors Riverwood Capital, Level Equity and NewSpring also participated in the capital raise. Vacasa manages more than 23,000 vacation rentals globally, and investors value the company at more than $1 billion.
With this new financing, Vacasa plans to further enhance its technology platform, accelerate expansion into new markets and grow new offerings, including Vacasa Real Estate, which has evolved from an agent network into a service model that includes brokerages in key U.S. vacation rental markets.
Vacasa’s Eric Breon says, “The opportunity that lies ahead of us is enormous, on both the property management and real estate side of the business. We’re seeing an increased number of buyers looking to purchase vacation homes as an investment, with the intent to rent the property.”
Vacasa also finalized its $162-million acquisition of Wyndham Vacation Rentals, which added a portfolio of more than 9,000 homes in 50 destinations.
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