Pacifica Companies Enters Vacation Rental Market with Acquisition of Sterling Resorts
Large acquisition puts company immediately in leadership position in the industry.
Destin, FL. January 16, 2015. Pacifica Companies, a global leader in hospitality and senior living, has acquired Sterling Resorts, one of the largest vacation rental and real estate companies in Northwest Florida. This is Pacifica’s first venture into the vacation rental space.
The acquisition included management contracts of approximately 1000 short-term rental condominiums and homes, as well as lobbies and related commercial spaces in multiple properties. The deal also included the real estate brokerage entity and long-term division, both doing business as Sterling Realty LLC.
C2G Advisors served as consultant for Sterling Resorts and Sterling Realty during the transaction.