Vacasa, a leading vacation rental management platform in North America, announced today it has signed an agreement to acquire TurnKey Vacation Rentals, a vacation rental manager for premium homes in more than 80 destinations across the U.S. The transaction brings together two prominent vacation rental management companies with complementary portfolios and capabilities. The deal is expected to close in a month subject to customary closing conditions.
TurnKey manages approximately 6,000 vacation rentals throughout the U.S. The acquisition will result in Vacasa adding premier destination markets to its portfolio, including Los Angeles and Napa, California; Asheville, Black Mountain, and Holden Beach, North Carolina; and Santa Fe, New Mexico. Like Vacasa, TurnKey invests in solutions to simplify the vacation rental ownership process for owners and provides exceptional experiences for guests.
Vacasa and TurnKey offer full-service vacation rental management to homeowners through local teams that care for guests in-home, providing immediate support during guest stays, as well as property cleaning and maintenance. Vacasa’s 4,000+ local team members are backed by central support offices in Portland, Oregon, and Boise, Idaho, and, following the acquisition, Vacasa expects to maintain TurnKey’s headquarters office in Austin, Texas.
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Hotels & Hospitality