• 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
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • Rent Responsibly announces new partnerships and new virtual conference series
      Rent Responsibly Launches New 2022 Partnerships and a New Virtual Conference Series for VRMs and Others
    • Houses in Koko Head, Oahu, Hawaii
      Property Managers And Owners Sue Honolulu County Over Bill 41
    • Steamboat Springs, Colorado houses and condos below the ski runs in winter
      Steamboat Springs Bans Vacation Rentals in More Than Half of the City
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
    • 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
    • 5th Annual #BookDirect Guest Education Day, Feb 2: Why It Matters
  • Marketing
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
    • Moneyball for Vacation Rental Managers
    • 4 Ways to Stand Out in a Crowded Market: Get Your Brand & Listings in Front of Potential Guests
    • Why, When, and How to Upgrade Your Hospitality Software
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
  • Tech
    • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    • Vacasa (VCSA) Stock Falls as Lock-up Period Expires
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
    • Front of the House, Meet the Back of the House
    • Why, When, and How to Upgrade Your Hospitality Software
  • OTAs
    • 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
    • Stays Group and Touch Stay Announce Partnership that Strengthens The Vacation Rental Travel Ecosystem
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
    • Using Airbnb For Bookings Just Got Even More Risky with New Refund Policy
  • Customer Service
    • 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?
    • YOUR Memory Factory: Creating Lifetime Memories for Guests with those They Cherish Most
  • Regulations
  • Business
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    • 2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more
      Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
  • Housekeeping
    • 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
    • Passing the Torch: Meyer Vacation Rentals Transfers Ownership To The Next Generation
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
  • RSS

Business

VTrips Receives “Significant” Equity Investment. Will Use $250M+ to Buy More Vacation Rental Management Companies

VTrips Receives “Significant” Equity Investment. Will Use $250M+ to Buy More Vacation Rental Management Companies
mm
Amy Hinote
August 12, 2021

One of the US’s largest vacation rental management companies, Florida-based VTrips, received a “significant minority equity investment” from Hudson Hill Capital. According to the company, “all capital will be funded to the balance sheet,” and VTrips will leverage the investment to speed up its acquisition strategy and further strengthen its technology offering.

With this injection, VTrips expects to spend over $250 million to acquire attractive vacation rental management companies in the near future.

Founded in 2002 by CEO Steve Milo, VTrips offers full-service vacation rental management with most of its current inventory located in the Southeast US. Steve Milo, founder and CEO of VTrips, shared, “Our new investors have placed a significant vote of confidence in our vision, our people, and our technology that will further enhance the customer experience. This investment, combined with Hudson Hill’s track record of scaling businesses like ours will help us extend our market leadership through a carefully designed acquisition strategy that will further build our category defining technology and service offering. VTrips possesses a very promising future.”

Related: Video clip from panel discussion with VRM Intel, May, 2021. Steve Milo: “We’re a unicorn, too; and we’re set to actually scale and be sustainable. . . . Profitability matters.”

According to Eric Rosen, managing partner of Hudson Hill Capital (HHC), “Steve has built VTrips into the leading independent vacation rental management platform and one of only a select number of operators with a multi-state footprint. Perhaps more notable about VTrips is its proven ability to operate effectively and profitably over multiple decades. HHC is excited to partner with Steve during the company’s next phase of growth and to use our collective experience to help build the company’s footprint both organically and through M&A, capitalizing on the tailwinds within the growing vacation rental market.”

Milo added, “This significant investment represents another key milestone for our company as the vacation rental resort market in North America continues to boom, especially in drive-to markets. There is far more demand than supply which has resulted in a more than 20 percent increase in average daily rates (ADRs) in many markets. COVID-19 accelerated the adoption of vacation rentals over hotels, and the sector also benefited significantly from social distancing, remote work. and remote learning which allows more flexibility for travel.”

VTrips has already completed three acquisitions in the first half of 2021, most recently acquiring Panama City, Florida-based Resort Collection with close to 800 units. The Resort Collection deal follows several other acquisitions in the Southeast region, including Distinctive Vacation Rentals in Ft Myers Beach and Resort Properties in Tennessee. The company has completed over 20 acquisitions since its founding.

According to Milo, owners of local property management companies are increasingly concerned about whom they sell to. “We are encountering more and more sellers who want a buyer that will hire all their staff, take care of their brand and legacy, and allow them to live in their community with pride. With this capital infusion, we are poised to accelerate our activity as a buyer and represent a unique landing place for an independent vacation rental operator.”

Milo will be speaking next week at the Vacation Rental Data and Revenue Management (DARM) Conference in Charleston, SC, Aug 17 – 18. 

Related ItemsacquisitionequityFeaturedfloridaHudson Hillinvestmentmanagementsteve milovacation rentalVTrips
View Comments (3)

3 Comments

  1. Lee says:
    August 17, 2021 at 12:11 pm

    It stinks that big companies and their swelled headed buffoons buy up the little guy and change how the businesses operate!

    Reply
  2. Samantha L Lemay says:
    August 16, 2021 at 10:03 pm

    Kind of robbing Peter 5o pay Paul

    Reply
  3. Phillip says:
    August 16, 2021 at 10:00 pm

    So that’s where Florida’s unemployment benefits went… Heard

    Reply

Leave a Reply

Cancel reply

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

Business
August 12, 2021
mm
Amy Hinote

Related ItemsacquisitionequityFeaturedfloridaHudson Hillinvestmentmanagementsteve milovacation rentalVTrips

More in Business

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

How One Vacation Rental Firm Finally Solved the Trust Accounting Problem

XimplifiJune 13, 2022
Read More
2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more

Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions

Amy HinoteJune 10, 2022
Read More

5 Steps to Clean Up and Organize Your Vacation Rental Website

Marshall MorrowJune 9, 2022
Read More

VTtrips Acquires Carolina Retreats, Silver Sands, Miss Kitty’s, and Tybee Vacation Rentals

Amy HinoteJune 7, 2022
Read More
Scroll for more
Tap

Sponsor News

  • How One Vacation Rental Firm Finally Solved the Trust Accounting Problem
    BusinessJune 13, 2022
  • VTtrips Acquires Carolina Retreats, Silver Sands, Miss Kitty’s, and Tybee Vacation Rentals
    BusinessJune 7, 2022
  • Moneyball for Vacation Rental Managers
    BusinessJune 6, 2022
  • Is now the best time to sell your vacation rental business?
    BusinessJune 1, 2022
VRM Intel
Calendar of Events
Videos & Whitepapers
VRMintel Magazine
Subscribe
Advertise
About Us
Authors
Contact Us

Recent News

  • Leading Proptech Company Guesty Appoints David Aber as CFO
    BusinessJune 21, 2022
  • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    BusinessJune 21, 2022
  • Rent Responsibly announces new partnerships and new virtual conference series
    Rent Responsibly Launches New 2022 Partnerships and a New Virtual Conference Series for VRMs and Others
    Industry News for Vacation Rental ManagersJune 21, 2022
  • Houses in Koko Head, Oahu, Hawaii
    Property Managers And Owners Sue Honolulu County Over Bill 41
    Industry News for Vacation Rental ManagersJune 17, 2022

View Current Issue

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

Vacasa Acquires Meyer Vacation Rentals, Doubles Footprint on Alabama Gulf Coast
Moving Mountains Acquires Breckenridge’s Paragon Lodging

xxx videos

  • mamadas
  • redwap
  • free porn
  • porno gratis