Vacasa, a vacation rental management platform, has agreed to acquire Wyndham Vacation Rentals for about $162 million. The deal is expected to close this fall. Vacasa’s backers include Riverwood Capital, Level Equity, NewSpring and Assurant Growth Investing.
PORTLAND, Ore. ORLANDO, Fla.–(BUSINESS WIRE)–Vacasa, North America’s largest vacation rental management platform, and Wyndham Destinations (NYSE:WYND), the global leader in vacation ownership and exchange, announced today that they have entered into a definitive agreement under which Vacasa will purchase Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, subject to customary closing conditions.
The purchase, which is