Latest News & Press Releases
WHAT IS MY COMPANY WORTH? A BACK OF THE NAPKIN ANALYSIS IN VRM INTEL MAGAZINE BY Jacobie Olin (President at C2G Advisors and Olin Realty Group). Click Here to read or download the article.
CASTLE VACATION RENTALS HAWAII ACQUIRES CHASE ‘N RAINBOWS AND TRINITY MAID COMPANY
HONOLULU – Castle Vacation Rentals Hawaii, a division of Castle Hospitality Group, has acquired Chase ‘N Rainbows, West Maui’s leading vacation rental management company, and Trinity Maid Company, a commercial laundry and vacation rental cleaning company. The joint acquisition will expand the vacation rental inventory and services provided by Castle Vacation Rentals Hawaii and will further position the company as the premier vacation rental management company in Hawaii.
C2G Advisors LLC served as the acquisition adviseor for Castle.
“We are excited to grow Castle Vacation Rentals Hawaii with the acquisition of West Maui’s largest vacation rental company and commercial cleaning company,” said President and CEO Alan Mattson. “The acquisition will allow us to further increase our footprint as the leader in the Hawaii Vacation Rental marketplace with the largest single source of Hawaii-specific vacation rentals.”
Chase ‘N Rainbows and Trinity Maid Company have grown together over the past two decades providing a large scope of services for West Maui condominium owners. Chase ‘N Rainbows maintains an inventory of over 180 vacation rentals in more than 30 properties from Lahaina to Kapalua. Trinity Maid Company currently provide cleaning services to over 350 condominiums in West Maui.
With this acquisition, Castle Vacation Rentals Hawaii now offers more than 700 vacation rentals on Oahu, Hawaii Island, Kauai, Maui and Molokai. Accommodations range in size from studios to three-bedroom homes and feature a wide variety of views and price points. Castle Vacation Rentals Hawaii takes advance of the power of Castle’s exclusive distribution technology by offering extensive vacation rental customer reach that sets it apart from its competition and positions it at the forefront of innovation in Hawaii. Guests can view individual units, check availability, read guest reviews and book direct through the Castle Vacation Rentals Hawaii website. A Hawaii-based support and service center is also available to provide unique expertise in the destination and products offered.
For more information on Castle Vacation Rentals Hawaii, call (855) 807-1797or visit www.CastleVacationRentalsHawaii.com.
About Castle Hospitality Group
Headquartered in Honolulu, Castle Hospitality Group is a hotel, resort and vacation rental management company with two brands in its portfolio, Castle Resorts & Hotels and Castle Vacation Rentals Hawaii. Castle Resorts & Hotels provides comprehensive hotel and resort condominium management services, including operations, sales, digital marketing, revenue management, reservations, accounting and more, with an on-property presence. Castle Vacation Rentals Hawaii is a new brand providing management of individual vacation rental properties, backed by the power of Castle’s exclusive technology platform and vast distribution and customer reach. For more information, call (808) 524-0900.
Stay Alfred marks 5th Nashville Building Partnership
Nashville, TN. May 2019. Stay Alfred expands their travel apartment offerings in Nashville. They extended into Nashville’s SoBro neighborhood by taking over the 13,233 square foot building and will now offer 24 boutique bedrooms. C2G Advisors served as consultant for Stay Alfred during the transaction. The full article can be read at: http://www.digitaljournal.com/pr/4324004
iTrip Destin Completes Unit Acquisition
Destin, FL. May 2019. iTrip Destin, part of the iTrip family of companies, has completed the acquisition of unit contracts to complement their existing inventory in the Destin and Sandestin areas. The company has targeted several submarkets in the Destin area and has focused on organic growth coupled with these timely acquisitions. C2G Advisors served as consultant for iTrip Destin during the transaction.
C2G’s JIM OLIN Presents TWICE AT INDUSTRY CONFERENCE
May 2019: Nashville, TN – James Olin, CEO of C2G Advisors LLC, participated in two presentations at the Onsite Property Managers Association’s (OPMA) Spring Executive Summit. The Semi-Annual Conference was held May 7-10 in Park City, Utah. Olin, along with Brian Brown of BookingPal, discussed market disruptors effecting OPMA members. Included in the discussion were ApartHotels, Timeshare Companies, Traditional Hotels and Private Equity Funds. The second session featured Olin in a panel discussion about ways for OPMA members to differentiate themselves from the competition. The 3 day event draws CEO’s from the largest onsite rental companies in North America.
360 Blue Acquires BookBreck
Short Term Rental Company adds Breckenridge to their Portfolio
Breckendridge, CO. May, 2019. 360 Blue LLC has successfully completed its acquisition in the vacation rental space by acquiring BookBreck in Breckenridge, CO. BookBreck is a luxury boutique vacation rental company in Summit County. This now gives 360 Blue a foothold in the ski markets. Terms of the transaction were not disclosed. 360 Blue has approximately 575 high-quality vacation rentals along Florida’s Emerald Coast.
C2G Advisors served as consultant for BookBreck during the transaction.
National Vacation Rental Company Sells Four Markets
Company Divests Four Markets to Focus Inward
Lake Tahoe, Santa Barbara, Maui, and 30A. October 2018. Positioning itself in a different direction, a national vacation rental brand sells units in Lake Tahoe, Santa Barbara, Maui, and 30A. Terms of the transaction were not disclosed. The company still remains a national brand but is adjusting its focus
C2G Advisors/Olin Realty served as consultant during the transaction.
RealJoy SW Florida Acquires Resort Rentals
Short Term Rental Company adds Clearwater to their Portfolio
Clearwater, FL. October 2018. RealJoy SW Florida, an affiliate of RealJoy Vacations in Destin, FL, has completed its first acquisition in the vacation rental space by acquiring Resort Rentals in Clearwater, FL. Terms of the transaction were not disclosed. RealJoy has approximately 500 high-quality vacation rentals in the Florida area.
C2G Advisors/Olin Realty served as consultant for Resort Rentals during the transaction.
January 9, 2018
DESTIN RESORTS INC, dba DALE E. PETERSON VACATIONS SELL TO EMERALD COAST RESORTS
Leading Vacation Rental and Property Management Company will Build on Legacy Under New Ownership Structure
After more than 30 years in the full-service vacation rental, property management, and real estate business, founder Dale Peterson has sold Destin Resorts, Inc. dba Dale E. Peterson Vacations to local Destin businessman Bart Begley.
"For the past 30 years I have served the Resort Management and Hospitality industries along the Emerald Coast. I have been blessed with long lasting and meaningful relationships with the owners, guests, and employees who all played a role in my ultimate success. As the Tourism industry grew along our beaches so did our area economy as well as the values of professional Resort Management companies. Over the years I have been approached by numerous prospective purchasers and never did I see a perfect fit to the company culture we had established and who still wanted to retain the current staff that brought me to where I am today. All this being said, I am proud to announce that I have sold Destin Resorts, Inc./ Dale E. Peterson Vacations) to Emerald Coast Resorts, who share those goals and should ensure a smooth and invisible transition."
- Dale Peterson, Founder, Dale E. Peterson Vacations
Begley, an experienced and successful entrepreneur who also owns Grand Fitness, LLC, an elite health club located at Grand Boulevard Sandestin Town Center, is elated to continue and build upon DEPV's tradition of excellence. Begley will be an active owner with the company. He will oversee all of the operations and work with the team to develop growth and improvement strategies.
"Purchasing this company was by far the easiest and best business decision that I have ever made. It has every attribute that I look for in a business, with the most important being the people. Mr. Peterson has developed a great team. I am very excited to have the opportunity to take what Mr. Peterson and his team have built and grow it."
- Bart Begley, Owner, Dale E. Peterson Vacations
C2G Advisors LLC served as the official advisor to Destin Resorts Inc.