Jacobie Olin, President at C2G Advisors and Olin Realty Group, discusses high level vacation rental business evaluations. What is your vacation rental company worth? Click Here to read the article in VRM Intel.
Vacasa, the largest vacation rental manager in the United States, acquired their rival Turnkey VR in one of the largest acquisitions in the industry. Jacobie mentioned to Phocuswire, “The acquisition if implemented correctly, will be beneficial to their guests and homeowners alike. The homeowners will have a variety of management models to choose from, and the guests will be privy to more differentiated inventory and a broader range of markets.”
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.
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.
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
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.