C2G Advisors

On July 1, Towne Bank acquired Venture Resorts, the largest cabin rental company in the Smoky Mountains. With nearly 400 cabins, Venture Resorts provides “accommodations for groups of all sizes visiting the Great Smoky Mountains National Park, the most visited national park in the United States.” With the acquisition of Venture Resorts, Towne now manages over 1900 vacation rental properties across the SouthEast.

Part two of this three part series dives into assembling your staff and rental management contracts for your potential exit. It also looks at how buyers value the owner in daily operations and which clauses are most important in your rental agreements. You can read the article in VRM Intel.

Vtrips expands its presence within Florida and Tennessee with three strategic acquisitions of Resort Collection, Distinctive Beach Rentals, and Resort Property Management. These moves help solidify Vtrips as one of the largest and strongest vacation rental brands in the United States. Vtrips now manages a portfolio of over 3000 exclusive homes and condos.

C2G, along with several other industry experts, provided input to VRM Intel on the new wave of investor interest in the short-term vacation rental industry. Jacobie stated, “they all have different objectives when focusing on the short-term vacation rental industry. Some want to disrupt the start-up ecosystem by attempting to solve pain points through technology. Others are trying to ‘roll-up’ different verticals, while others are trying to do a real-estate play. Airbnb’s recent IPO brought a new wave of exposure on our industry.”