Orlando, FL, September 20, 2015 – Vacation Rental Pros, LLC, one of the fastest growing vacation rental management companies in Florida, reached an agreement to acquire Five Star Vacation Rentals, based in Orlando, Florida.
The move adds an additional 60 Orlando-area vacation rental properties to the management portfolio of Vacation Rental Pros, giving the company over 1,000 total properties under management.
“We are thrilled to expand our existing presence in the Orlando market, which plays host to more than 65 million travelers per year,” said Steve Milo, founder and president of Vacation Rental Pros. “In addition to Five Stars’ existing client base, their top-notch management team brings a wealth of experience in new and growing markets, and puts us in an excellent position for even more growth in the near future.”
Prior to the acquisition, Five Star Vacation Homes had doubled its size year after year under that company’s CEO, Juan Delgado, who will join Vacation Rental Pros and focus on new business development under Milo. Five Star’s occupancy rates, superb customer service strategy and owner retention programs made the company an ideal platform for Vacation Rental Pros’ continued expansion.
“Florida’s rapidly growing Spanish and Portuguese-speaking markets gives Vacation Rental Pros a competitive advantage,” said Delgado. “I couldn’t be more excited at the prospect of joining forces with Steve and his team.”
The deal is the second major announcement this year for Milo’s company, which in August announced revenue growth up over 54% year over year, the completion of a move into the company’s new, 7,000 square foot headquarters building in Ponte Vedra, and the creation of seven new positions to help manage the rapidly growing client and customer base.