• News
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
  • Marketing
  • Tech
  • OTAs
  • Customer Service
  • Regulations
  • Business
  • Housekeeping
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
VRM Intel
  • News
    • Arizonans for Responsible Tourism Pregame Prep Campaign
      Arizonans for Responsible Tourism Hosts Super Bowl Preparedness Campaign for Vacation Rental Operators
    • vacation-rentals-housing-vrm-intel
      Carrots and sticks: Vacation rentals and the creation of affordable, workforce housing
    • Woman dropping off a ballot
      2022 Election Results of Vacation Rental Ballot Measures
    • Recession-Proofing Your Vacation Rental Business
    • How to Increase Your Occupancy in a Competitive Market through Monthly Rentals
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
    • Recession-Proofing Your Vacation Rental Business
    • 2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more
      Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
    • “It’s like a short-term rental regulation pandemic.” 2022 Spring Vacation Rental Regulatory Trends + Fall Outlook
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
  • Marketing
    • Recession-Proofing Your Vacation Rental Business
    • How to Increase Your Occupancy in a Competitive Market through Monthly Rentals
    • board meeting in presentation room
      Tourism Boards and DMOs Offer Seat at the Table for Vacation Rentals
    • Geotargeting & SEM: A How-To Guide on Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
  • Tech
    • Recession-Proofing Your Vacation Rental Business
    • Geotargeting & SEM: A How-To Guide on Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
    • PriceLabs Announces $30 Million Investment from Summit Partners
    • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
  • OTAs
    • How to Increase Your Occupancy in a Competitive Market through Monthly Rentals
    • Blue Star Acquires Majority Stake in TravelNet Solutions
    • Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville
      Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available
    • Vacasa (VCSA) Stock Falls as Lock-up Period Expires
    • 4 Ways to Stand Out in a Crowded Market: Get Your Brand & Listings in Front of Potential Guests
  • Customer Service
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • View of Waikiki from Diamond Head Park, Honolulu, Hawaii
      Honolulu City Council Bans Stays Under 90 Days Across Oahu
    • Are you a Visionary without an Integrator at Your Vacation Rental Management Company?
  • Regulations
    • vacation-rentals-housing-vrm-intel
      Carrots and sticks: Vacation rentals and the creation of affordable, workforce housing
    • Woman dropping off a ballot
      2022 Election Results of Vacation Rental Ballot Measures
    • voters at a polling center voting
      Dozens of Vacation Rental Ballot Measures Heading to Voters this November
    • board meeting in presentation room
      Tourism Boards and DMOs Offer Seat at the Table for Vacation Rentals
    • Arizona state flag outside the legislature buildings at the state capitol
      Arizona Legislature Passes Measure to Restore Some Power to Cities
  • Business
    • Recession-Proofing Your Vacation Rental Business
    • Geotargeting & SEM: A How-To Guide on Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
    • PriceLabs Announces $30 Million Investment from Summit Partners
    • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
  • Housekeeping
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Analysis: “Reinventing” Vacation Rental Management by Alex Nigg
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
    • Safety First: Evaluating and Addressing Safety Risks at Your Vacation Rentals
    • The Importance of the Guest Experience within Vacation Rental Operations: From the Back of the House to the Front
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
  • RSS

Customer Service for Vacation Rental Professionals

Gatlinburg-based Cabins For YOU acquires Chalet Village and is looking for more. Q&A with owner and founder Greg Plimpton

Gatlinburg-based Cabins For YOU acquires Chalet Village and is looking for more. Q&A with owner and founder Greg Plimpton
mm
Amy Hinote
August 4, 2020

Last month, Gatlinburg-based Cabins For YOU closed on its cash purchase of Chalet Village for an undisclosed sum. With the acquisition of Chalet Village’s 70 rentals, Cabins for YOU now manages approximately 450 vacation rental properties in Sevier County, Tennessee. The purchase also included the office location on Ski Mountain, Chalet Village’s laundry facility, and the company’s fleet of company vehicles.

Founded in 1972, Chalet Village Properties is reportedly the oldest vacation rental management company in Gatlinburg and was established by a development group that moved into the area, building roads, dividing the mountain into lots, and selling these lots to people looking to build cabins.

>> Related: Carrying the Torch: Five Generations of Vacation Rental Management

According to Cabins for YOU founder, Greg Plimpton, “At the time, Gatlinburg was the city to visit because it was right at the edge of the national park. In fact, the mountain that Chalet Village sits on is bordered by the national park on three sides.”

“The most recent owners purchased Chalet Village property management in 1982,” Plimpton continued. “They knew early on that—because of tourism— the village would be better suited for overnight rentals, and they expanded the company as such. When they started, there were no cell phones, internet, or even photographs of the properties. They were making reservations over the phone through verbal descriptions and keeping records of upcoming reservations on a whiteboard in the office. At the time, people were not necessarily coming for the accommodations: They were coming for the downtown area and the national park. Amenities that are now expected (hot tubs, pool tables, TVs in bedrooms) were considered a luxury.”

Plimpton added, “You may be familiar with the wildfire we had back in the winter of 2016. The heart of the fire was in Chalet Village on that mountain. There were 550 homes destroyed in the village alone, and over 300 have been rebuilt since then. While there is a lot of history with older properties in the area, there is also a lot of new development, which is interesting because when the previous owners purchased, they purchased during a development boom; and here we are purchasing the in same area during another boom (for different and more unfortunate reasons, but a boom nonetheless).”

 

Additional Q&A with Greg Plimpton, owner and founder, Cabins For YOU

Q: What additional benefits did you receive with the asset purchases of the office and laundry facilities?

GP: The Chalet Village office we purchased is an iconic building on Ski Mountain in Gatlinburg. It’s in a high traffic location that opens the opportunity for more walk-in business, which we haven’t done a lot of but are open to. Most of our business has been remote. There’s a convenience in our guests not being required to check-in anywhere physically, but there’s also an inconvenience for the guests that wanted to see someone in person. We believe it’s a small percentage but prior to this purchase, it wasn’t really possible. Our offices were all geared towards operations.

In addition, our main laundry facility is around half an hour from the new Gatlinburg location. The new office has a smaller laundry facility included, which will help our cleaning staff service our Gatlinburg cabins faster. A roundtrip visit from Gatlinburg to the main laundry facility and back would easily take an hour or more without the new location. And this isn’t limited to linens, of course. We have in-cabin collateral and inventory that we’ll be able to keep at this facility to save on travel and response time.

Q: What attributes did you see in Chalet Village that made it an attractive acquisition opportunity?  

GP: Chalet Village is a reputable company that has been in the area since the 1970s. Like us, it was family-owned. Their properties were in a notorious, central location in Gatlinburg on the edge of the national park, and there’s a lot of history and loyalty to Chalet Village (the area) and Chalet Village (the management company).

Why did we decide to acquire in general? We’re always chasing growth.

Q: We are seeing strong signs that the future of consolidation in the vacation rental industry is going to be found in geo-adjacent acquisitions. Do you have any insight on the value of buying neighbors vs acquiring companies across the country?

GP: Absolutely. In fact, the previous owner of Chalet Village would never sell to a more “corporate” company that wasn’t family-owned. It was important to them that they transfer from their family to another family.

Furthermore, there is a lot of value in having an established presence in the market you’re acquiring in. We’ve been in the Smoky Mountain market since 2001, so we have decades of performance data, experience, testimonials, and knowledge that we are able to bring to the table. One of the biggest concerns we had with the acquisition is how the cabin owners would respond. Change can be upsetting, especially when unanticipated, and even more so in the middle of a pandemic. We have a robust business development and owner relations team that was prepared to handle the tough conversations and answer the hard questions.

That said, we do have plans to explore other markets and continue to grow. We know a challenge we’ll have in those markets is the argument that we’re new to the area, but my belief is that our extensive knowledge of the vacation rental industry in general—and our efforts to stay cutting-edge and push the envelope—will serve us in those moments.

Q: With what you’ve learned, what would future criteria be for another acquisition?

GP: We’ve found this transition to be easy based on the size of the company, and the fact that we already had human capital in the market served us well. So while the price is always a factor, the others would be the size of the company, the human capital in the company, and the values/reputation of the company.

Chalet Village’s vacation rental homes are currently available to rent on the Cabins For YOU website.

Related ItemsacquisitionCabins for YOUChalet VillageFeaturedgatlinburgproperty managementpurchasevacation rental
View Comments (2)

2 Comments

  1. Andrea Lawson says:
    June 13, 2021 at 6:44 pm

    I was very sadden to see that Chalet Village properties sold out. With that being said I made reservations with Cabin for You strictly on the relationship I had with Chalet Village. What a disappointment! The standards of Chalet Village aren’t being meet and the management team in place is so unprofessional with no care or concerns of the clients. I have pictures and emails to show just how unprofessional they are and their lack of concern. My cabin was nasty, had mold and the deck is dangerous (it had caution tape on the rails). I honestly wouldn’t suggest that anyone rents from them without reading the comments on the BBB website.

    Reply
  2. Tom Poe says:
    October 17, 2020 at 8:16 am

    I was saddened to see that Chalet Village properties sold out as we use them exclusively for years and I can’t imagine anyone doing it any better. I would rate this acquisition as trying to repair something that wasn’t broken but I’m certain the loss of all of the properties including ours on Chalet Village North was a huge factor but it saddens me nonetheless. We loved working with Chree and Kevin also our relationship started off a bit shaky I think we finally so I’ll try and he is a rocksolid businessman.

    Reply

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Customer Service for Vacation Rental Professionals
August 4, 2020
mm
Amy Hinote

Related ItemsacquisitionCabins for YOUChalet VillageFeaturedgatlinburgproperty managementpurchasevacation rental

More in Customer Service for Vacation Rental Professionals

Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?

Ren HinoteJuly 4, 2022
Read More

Leading Proptech Company Guesty Appoints David Aber as CFO

VRM Intel StaffJune 21, 2022
Read More

Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals

VRM Intel StaffJune 21, 2022
Read More
View of Waikiki from Diamond Head Park, Honolulu, Hawaii

Honolulu City Council Bans Stays Under 90 Days Across Oahu

Alexa NotaApril 19, 2022
Read More

Are you a Visionary without an Integrator at Your Vacation Rental Management Company?

Steve TroverMarch 24, 2022
Read More

YOUR Memory Factory: Creating Lifetime Memories for Guests with those They Cherish Most

Doug KennedyOctober 16, 2021
Read More
Scroll for more
Tap

Sponsor News

  • Recession-Proofing Your Vacation Rental Business
    BusinessOctober 18, 2022
  • How to Increase Your Occupancy in a Competitive Market through Monthly Rentals
    Industry News for Vacation Rental ManagersSeptember 16, 2022
  • PriceLabs Announces $30 Million Investment from Summit Partners
    BusinessAugust 5, 2022
  • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    BusinessAugust 4, 2022
VRM Intel
Calendar of Events
Videos & Whitepapers
VRMintel Magazine
Subscribe
Advertise
About Us
Authors
Contact Us

Recent News

  • Arizonans for Responsible Tourism Pregame Prep Campaign
    Arizonans for Responsible Tourism Hosts Super Bowl Preparedness Campaign for Vacation Rental Operators
    Industry News for Vacation Rental ManagersJanuary 18, 2023
  • vacation-rentals-housing-vrm-intel
    Carrots and sticks: Vacation rentals and the creation of affordable, workforce housing
    Industry News for Vacation Rental ManagersDecember 6, 2022
  • Woman dropping off a ballot
    2022 Election Results of Vacation Rental Ballot Measures
    Industry News for Vacation Rental ManagersNovember 11, 2022
  • Recession-Proofing Your Vacation Rental Business
    BusinessOctober 18, 2022

View Current Issue

VRMintel Copyright © 2016-17 | Click HERE to Subscribe | Privacy Policy | Disclaimer | Copyright | Jobs | Facebook | Twitter | LinkedIn

2nd Annual Vacation Rental Data and Revenue Management Conference set for Sep 15-17
Restoring Your Pricing Strategy

xxx videos

  • mamadas
  • redwap
  • free porn
  • porno gratis