Vtrips expands its presence within Southwest Florida and the Smoky Mountains of Tennessee with two strategic acquisitions. These moves help solidify Vtrips as one of the largest operators in Florida and Tennessee.
C2G’s Jacobie Olin joined Heather Bayer on her Vacation Rental Formula podcast to discuss ways in which sellers can plan for their eventual sale. They discussed what is involved in an exit strategy, actions to take, how companies are valued, and common pitfalls that can be avoided. Another episode will be recorded focusing on the the other end of the equation, what buyers need to look for in an acquisition.
You can listen to the Vacation Rental Formula podcast here.
Gatlinburg, TN July 2020. Cabins For You, under a subsidiary, has further expanded its rental inventory footprint in the Smoky Mountains by acquiring Chalet Village Properties. Terms of the transaction were not disclosed. Chalet Village has approximately 70 high-quality vacation rentals around the Gatlinburg/Pigeon Forge area.
February 2020: Nashville, TN – Jacobie Olin, President of C2G Advisors LLC, participated in a presentation at MICA(Multifamily Innovation Conference). The Annual Conference was held Feb 5-6 in Atlanta, Georgia. Olin, along with Jacob Albers of Cushman Wakefield, discussed STR Valuations and Multifamily Alternatives. Included in the discussion were M&A case studies, template contract negotiation language, and a variety of partnership models. The 2 day event draws CEO’s from Developers, REITs, Property Managers, and Technology Vendors.
Ft Myers Beach, FL. January 2020. Village Realty Holdings, under a subsidiary, has completed its first acquisition in Florida, and fourth acquisition in the vacation rental space by acquiring Sun Palace Vacations in Ft Myers Beach, Florida. Terms of the transaction were not disclosed. Sun Palace has approximately 100 high-quality vacation rentals around the Southwest Florida area.