Vacasa Acquires TurnKey Vacation Rentals
March 11, 2021
Vacasa announced it has signed an agreement to acquire TurnKey Vacation Rentals, a full-service vacation rental manager based in Austin, Texas that manages approximately 6,000 vacation rentals across 80+ U.S. destinations. The deal expands Vacasa’s portfolio into premier markets (including Los Angeles, Napa, Asheville and Santa Fe), brings TurnKey employees and technology into Vacasa, and is expected to close subject to customary conditions.
- Buyers
- Vacasa
- Targets
- TurnKey Vacation Rentals
- Sellers
- TurnKey shareholders (including Altos Ventures, Adams Street Partners, Silverton Partners and other institutional and angel investors)
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Buyout
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