Full-Time
Confirmed live in the last 24 hours
Vacation rental management and property services
$18.89/hr
Entry, Junior
North Myrtle Beach, SC, USA
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 to help maximize rental income. Vacasa uses technology to optimize pricing and streamline operations, which helps ensure high occupancy rates and positive guest experiences. Unlike many competitors, Vacasa also offers additional services such as interior design and real estate brokerage, giving homeowners more support. The goal of Vacasa is to deliver strong financial returns for property owners while creating memorable stays for guests.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Portland, Oregon
Founded
2009
Help us improve and share your feedback! Did you find this helpful?
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
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.