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About Vacasa
Industries
Enterprise Software
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Portland, Oregon
Founded
2009
Overview
Vacasa operates in the vacation rental market, providing property management services to homeowners and travelers. The company manages vacation rental properties for owners, taking care of marketing, booking, cleaning, and maintenance. By using technology, Vacasa optimizes pricing and streamlines operations to ensure high occupancy rates and positive guest experiences. Unlike many competitors, Vacasa also offers additional services like interior design and real estate brokerage, which support property owners in maximizing their rental income. The goal of Vacasa is to deliver strong financial returns for homeowners while creating memorable stays for guests.
Simplify's Take
What believers are saying
- Increased demand for eco-friendly rentals boosts Vacasa's market appeal.
- AI integration in property management enhances Vacasa's operational efficiency and pricing strategies.
- The 'workation' trend increases demand for vacation rentals with strong Wi-Fi and workspaces.
What critics are saying
- Legal challenges from Davidson Kempner could lead to costly litigation and reputational damage.
- A 19.6% decline in gross booking value indicates potential financial instability.
- Reduction in headcount may impact operational efficiency and customer satisfaction.
What makes Vacasa unique
- Vacasa uses AI-driven tools for pricing and scheduling, enhancing operational efficiency.
- The company manages over 14,000 vacation homes globally, offering diverse travel experiences.
- Vacasa provides end-to-end property management, from marketing to maintenance, for homeowners.
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Funding
Total Funding
$949.5M
Above
Industry Average
Funded Over
6 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Health Savings Account/Flexible Spending Account
Paid Vacation
Paid Sick Leave
Stock Price
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 0%Vacasa shareholders approved its acquisition by Casago, with the deal closing Wednesday. Despite a higher bid of $5.83 per share from hedge fund Davidson Kempner, Vacasa's board endorsed Casago's lower bid of $5.30 per share. Davidson Kempner accused Vacasa of favoring certain shareholders, but Vacasa denied these claims, emphasizing its commitment to shareholder interests.
Vacasa's merger with Casago, agreed at $5.30 per share, faces opposition from hedge fund Davidson Kempner. The fund, a Vacasa shareholder and creditor, has submitted a higher bid of $5.83 per share but claims the Special Committee is biased, favoring the insider-backed Casago deal. Davidson Kempner's new letter criticizes the committee for unfair practices, including tight deadlines and a limited waiver in the Tax Receivable Agreement, hindering fair evaluation of competing bids.
Vacasa has accepted an increased offer from Casago to purchase the company at $5.30 per share, up from the initial $5.02. Despite a higher $5.75 per share offer from Davidson Kempner, Vacasa's board did not consider it superior. Vacasa's shares rose 3% on the Casago offer, with the deal expected to close next month. Vacasa reported a decline in headcount to 4,300 and a 19.6% drop in gross booking value to $1.9 billion in 2024. The acquisition will take Vacasa private.
Casago vacation rentals and property management. Property management that cares about the homeowner. Contact us (877) 276-5746
Casago has announced a strategic merger with Vacasa, acquiring all outstanding shares at $5.02 per share. This merger aims to enhance operational efficiency and expand market reach, creating one of the largest vacation rental management companies in North America. The merger is expected to lead to operational synergies, cost savings, and improved service delivery. Public stockholders of Vacasa will receive a premium for their shares, potentially boosting investor confidence in the merged entity.
Vacasa is Hiring for 24 Jobs on Simplify!
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About Vacasa
Industries
Enterprise Software
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Portland, Oregon
Founded
2009
Vacasa is Hiring for 24 Jobs on Simplify!
Find jobs on Simplify and start your career today