2023 Year In Review: Key Vacation Rental M&A Transactions of 2023
As we reflect on 2023, the landscape of vacation rental M&A transactions underwent substantial shifts following the post-pandemic rush. Trends indicated markets stabilizing, providing short-term rental businesses with a more steady pace to gather better data and insights for strategic planning.
Throughout 2023, C2G Advisors proudly represented 10+ significant deals involving 1500+ properties. The average cash-at-close per property was approximately $29,000. These figures show that M&A activity is still alive and healthy. While most of the transactions are private, here are a few that we closed in 2023…
Hometeam Vacation Rentals acquires Sand Key Realty
Hometeam Vacation Rentals expanded into Texas by acquiring Sand Key Realty (115 properties) in Port Aransas. Sand Key Realty has been known as a prominent boutique local vacation rental manager in the Port Aransas market for many years. Sand Key and Hometeam joined hands in a strategic partnership for future success.
C2G Advisors proudly represented Sand Key Realty throughout this transaction. For further insights, Hometeam’s owner, Elliott Caldwell’s LinkedIn post
Avantstay Acquires Sway Rentals
AvantStay expanded its presence into Port Aransas, TX with the acquisition of Sway Vacation Rentals. This acquisition afforded Avantstay a strong luxury brand on the Texas coast.
C2G Advisors proudly represented Sway throughout this transaction.
Advanced Lodging acquires Rebl Rentals
In August 2023, Advanced Lodging Concepts (ALC), revealed its acquisition of Rebl Rentals (135 properties). This step served as an expansion into the Scottsdale market. Rebl’s distinctive brand and design & furnishing services made for a strategic acquisition for ALC. This collaboration aims not just for business expansion but also to set new standards in offering guests exceptional experiences, reflecting Rebl and ALC’s reputation for driving growth and dedication to elevating guest satisfaction.
C2G Advisors proudly represented Rebl Rentals throughout this transaction.
>>Check out this interview with Leslie Sonnier, former CEO of Rebl Rentals, for more information
Everyday Luxury acquires Righteous Rentals
In December 2023, Everyday Lux acquired Righteous Vacation Rentals in San Diego. This acquisition marked a significant strategic move for EverydayLuxury, integrating Righteous into its portfolio. Righteous Rentals revolutionized short-term living experiences by blending meticulously designed spaces, lifestyle-focused services, cutting-edge technology, amenities, and exceptional customer support.
C2G Advisors proudly represented Righteous Rentals throughout this transaction.
All in all, 2023 marked a pivotal year for the vacation rental industry, where stability replaced the post-pandemic boom, allowing for informed decision-making and strategic growth opportunities. This short term rental industry 2023 recap shows the landscape remains robust. C2G’s commitment to facilitating impactful deals continues. If you’d like to have a confidential conversation about your business or learn more about the M&A process, don’t hesitate to reach out!
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