Older News & Press Releases
January 9, 2018
DESTIN RESORTS INC, dba DALE E. PETERSON VACATIONS SELL TO EMERALD COAST RESORTS
Leading Vacation Rental and Property Management Company will Build on Legacy Under New Ownership Structure
After more than 30 years in the full-service vacation rental, property management, and real estate business, founder Dale Peterson has sold Destin Resorts, Inc. dba Dale E. Peterson Vacations to local Destin businessman Bart Begley.
"For the past 30 years I have served the Resort Management and Hospitality industries along the Emerald Coast. I have been blessed with long lasting and meaningful relationships with the owners, guests, and employees who all played a role in my ultimate success. As the Tourism industry grew along our beaches so did our area economy as well as the values of professional Resort Management companies. Over the years I have been approached by numerous prospective purchasers and never did I see a perfect fit to the company culture we had established and who still wanted to retain the current staff that brought me to where I am today. All this being said, I am proud to announce that I have sold Destin Resorts, Inc./ Dale E. Peterson Vacations) to Emerald Coast Resorts, who share those goals and should ensure a smooth and invisible transition."
- Dale Peterson, Founder, Dale E. Peterson Vacations
Begley, an experienced and successful entrepreneur who also owns Grand Fitness, LLC, an elite health club located at Grand Boulevard Sandestin Town Center, is elated to continue and build upon DEPV's tradition of excellence. Begley will be an active owner with the company. He will oversee all of the operations and work with the team to develop growth and improvement strategies.
"Purchasing this company was by far the easiest and best business decision that I have ever made. It has every attribute that I look for in a business, with the most important being the people. Mr. Peterson has developed a great team. I am very excited to have the opportunity to take what Mr. Peterson and his team have built and grow it."
- Bart Begley, Owner, Dale E. Peterson Vacations
C2G Advisors LLC served as the official advisor to Destin Resorts Inc.
360 BLUE ANNOUNCES ACQUISITION OF ST. JOE CLUB AND RESORTS' VACATION RENTAL PROGRAM
SANTA ROSA BEACH, FLA. DECEMBER 15, 2017
360 Blue, LLC is excited to announce it has acquired the entirety of the St. Joe Club & Resorts’ Vacation Rental program, adding over 235 homes to the 360 Blue portfolio. Its second acquisition this year, 360 Blue now represents the largest collection of luxury vacation rental properties along the Emerald Coast. Through the acquisition and an agreement with St. Joe Club and Resorts, all homes on the 360 Blue program will now benefit from the high-end 360 Blue service and property management model, as well as access to many of St. Joe Club & Resorts’ private amenities.
“Exceptional service is the principle foundation of our business,” says Ashley Horsley, co-owner and CEO of 360 Blue. “We started with a handful of high-end properties a decade ago and have now grown to over 560 of the most luxurious properties along the Coast. Our commitment to investing heavily in our company culture creates a working environment that makes it easy to deliver the best possible service to both our homeowners and guests alike. The addition of St. Joe Club & Resort’s Vacation Rental program will integrate seamlessly into our current operation. Our incredible team at 360 Blue is prepared and excited for this growth." C2G Advisors LLC served as consultant to 360 Blue on this transaction.
About 360 Blue Locally and family owned, 360 Blue is passionate about the local lifestyle and is committed to providing a boutique level of service to every homeowner, property and guest. As a recognized national leader in the property management industry, 360 Blue prides itself on first-class customer service, innovative thinking, and integrity at every level of service. For additional information, please visit http://www.360blue.com.
TREGARON CAPITAL ACQUIRES RETRETIA
Private Equity Fund adds a Steamboat Location to their Vacation Rental Portfolio
Steamboat, CO. November 2017. Tregaron Capital, a Palo Alto based Private Equity Fund, has completed its second acquisition in the vacation rental space by acquiring Retreatia in Steamboat Springs, CO. Terms of the transaction were not disclosed. Retreatia has approximately 200 high-quality vacation rentals around the Steamboat area. C2G Advisors served as consultant for Retreatia during the transaction.
PARAMOUNTVR ACQUIRED BY GRAND WELCOME
Grand Welcome adds to Its Ever Expanding Portfolio
South Lake Tahoe, CA. September 2017. Grand Welcome, a nationally branded vacation rental company, acquired ParamountVR, one of the top luxury rental companies in the South Lake Tahoe resort market. The acquisition included management contracts for the company’s luxury vacation home inventory. Paramount VR focuses on the higher-end luxury homes that are highlight sought after in the Lake Tahoe resort market.
C2G Advisors served as consultant for ParamountVR during the transaction.
JIM OLIN'S ARTICLE WAS FEATURED IN A RECENT PUBLICATION
No Brainer: Three Easy Steps To Risk-Free OpEx Reductions and Municipal Asset Valuation Increases
Click Here to download the article in PDF format
OLIN APPOINTED TO ADVISORY BOARD OF HOST COMPLIANCE LLC
San Francisco, CA. August 2016. Host Compliance, the leader in short-term rental compliance and enforcement solutions for local governments, has appointed Jim Olin to their Advisory Board, the company announced today. Host Compliance has developed the first state-of-the-art technology to assist local governments in managing the proliferation of short-term vacation rentals within their respective jurisdictions.
“While the vast majority of vacation rental operators are complying with local rules and regulations, there are some that continue to rent out their homes in a non-compliant fashion,” stated Olin. “Host Compliance has developed a superb technology that will assist in putting all operators on a level playing field. I am honored to serve on the Advisory Board of this important company.”
ABOUT HOST COMPLIANCE LLC
Host Compliance LLC is a privately held company located in the heart of California's Silicon Valley. Founded in 2015, the company is the leading provider of short-term rental compliance monitoring and enforcement solutions to local governments. Host Compliance's services include:
Implementing effective short-term rental regulation
Identifying privately-owned short-term residential properties on behalf of local governments
Monitoring and enforcing registration, permitting and lodging tax compliance
Registering, processing and verifying permit applications (online and offline)
Providing 24/7 telephone hotline services that makes it easy for neighbors and other stakeholders to anonymously report and resolve issues with short-term renters without involving law enforcement officials
Identifying tax under-reporting and other fraudulent practices
SUNSET REFLECTIONS ACQUIRED BY NATURAL RETREATS
Cape San Blas market added to National Portfolio
Cape San Blas, FL. July 2016. Natural Retreats, the leading international luxury vacation rental company, has acquired Sunset Reflections in Cape San Blas, Florida. The acquisition adds a new market area to the Natural Retreat’s portfolio, which spans both the United States and Europe. C2G Advisors served as consultant for Natural Retreats during the transaction.
VILLAGE REALITY AND SUBSIDIARIES ENHANCE GROWTH THROUGH RECAPITALIZATION
New Infusion of Capital Ensures Strong Stability and Growth
Nags Head, NC. May 1, 2016. Village Realty, and its subsidiary, Okracoke Realty, went through a complete recapitalization, and are now poised for strong growth both in their current Outer Banks market area, as well as throughout the United States, it was announced today. The recapitalization included infusion by two private equity funds and well as the restructuring of other debt and equity. The end result allows Village to be more liquid in their resources, and ready for any growth opportunities.
C2G Advisors served as consultant for Village Realty during the recapitalization process.
“Jim Olin and his team were extremely helpful in assisting us with this very complicated re-capitalization of our company”, stated Village CEO Bob Oakes. “Without his advice and expertise, I doubt it would have been this successful.”
BIG SKY LUXURY RENTALS ACQUIRED BY NATURAL RETREATS
Luxury Vacation Rental Company adds new Location in Prime Resort Market
Big Sky. MT. December 2016. Natural Retreats, a nationally branded vacation rental company, acquired one of the top luxury rental companies in the Big Sky Montana, Big Sky Luxury Rentals. The acquisition included management contracts for the company’s luxury vacation home inventory, and for the sister company Big Sky Luxury Limo Service.
C2G Advisors served as consultant for Big Sky Luxury Rentals during the transaction.
AMERICAN MOUNTAIN RENTALS ACQUIRED BY NATURAL RETREATS
Deal Allows Natural Retreats enter Lucrative Smoky Mountains Area
Pigeon Forge, TN. November 1, 2015. Natural Retreats, a nationally branded vacation rental company, acquired American Mountain Rentals, one of the premier cabin rental companies in the Pigeon Forge/Wears Valley area. This is Natural Retreat’s first venture into the Gatlinburg regional market. The acquisition included management contracts of approximately 140 luxury short-term cabins, as well as The Lodge, a mountaintop event and wedding venue.
C2G Advisors served as consultant for American Mountain Rentals during the transaction
A CONVERSATION WITH JIM OLIN IN VACATION RENTAL INTEL MAGAZINE
A leader in the vacation rental industry for close to 30 years, Jim is the former CEO of Abbott Resorts, ResortQuest, and Sterling Resorts. He has overseen as many as 20,000 vacation rental units, 250 resort real estate agents, and 200 homeowner associations. Jim has also been involved in more acquisitions within the vacation rental space than anyone else in the history of the industry. A Broker in four states, Jim is one of only eight real estate professionals in the entire United States that is simultaneously an invited member of the Counselors of Real Estate (CRE) and the Council of Real Estate Broker Managers (CRB).
Click Here for the entire article
MAMMOTH FRONT DESK ACQUIRED BY NATURAL RETREATS
Strategic Acquisition a Win-Win for Both Companies
Mammoth, CA. July 25, 2015. Natural Retreats, a nationally branded vacation rental company, acquired Mammoth Front Desk today. This is Natural Retreat’s first venture into the Mammoth market. The acquisition included management contracts of approximately 70 luxury short-term rental homes, as well as related assets and service offerings.
C2G Advisors served as consultant for Mammoth Front Desk during the transaction.
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.
VACATION HAPPILY ENGAGES C2G ADVISORS TO ASSIST WITH ROLLOUT
November 2014. Nashville, TN – Vacation Happily LLC, a new vacation rental company headquartered in the Northwest Florida area, has engaged C2G Advisors to assist them with their growth strategies, primarily in the upper-end and luxury portions of the new company’s initiatives.
“We felt that engaging C2G would allow us to utilize their 25 years of experience in growing vacation rental companies throughout the United States,” commented Shannon Howell, a principal with Vacation Happily. “With our unique service offerings and exclusive relationship with the award winning Henderson Park Inn Bed and Breakfast, we felt that rolling out the proper strategies, service offerings, and marketing programs was absolutely vital. C2G Advisors can help us with all of these.”
C2G’s OLIN TO SPEAK TWICE AT INDUSTRY CONFERENCE
Nashville, TN – James Olin, CEO of C2G Advisors LLC, has been asked to lead two sessions on Acquisitions and Acquisition Planning within the Vacation Rental Industry at the Annual Conference of the Vacation Rental Managers Association (VRMA). The Annual Conference is held October 26-29 in San Diego, California. The Conference, the largest of its kind for the industry, brings industry leaders throughout the United States, Canada, Mexico, and the Caribbean to one location to share ideas and learn about industry trends from experts in the vacation rental arena. Olin will be discussing the “Buy Side” of the Acquisition Transaction in the first session, and then will hold a 2-hour workshop on how to prepare a business for a sale
MAUI BLUE PROPERTIES ACQUIRED BY INVITEDHOME
IH’s First Endeavor into the Hawaiian Islands
InvitedHome (IH) made a key resort acquisition by acquiring Maui Blue Properties in Maui, Hawaii. With vacation rentals in the key Kaanapali area, this acquisition gives Invited Home their first key location in the popular Hawaiian Islands.. This also marks the 6th resort location in IH’s footprint across the United States.
Maui Blue Properties manages only very high-end condominiums in the Kaanapali area of Maui. Founded several years ago, it has grown exponentially over the past 18 months. The company will now look to rapidly grow inventory throughout western Maui. C2G Advisors served as the buy-side consultant for InvitedHome during the transaction