Vacasa Invests in Northern California Operations With Acquisition of Redwood Coast Vacation Rentals

Company Adds 125 Vacation Rentals Along the Northern California Coastline to its Portfolio

PORTLAND, Ore.--(BUSINESS WIRE)--Vacasa, North America’s largest vacation rental management platform, today announced it has acquired the assets of Redwood Coast Vacation Rentals. The deal closed on December 30, 2019. With the addition of 125 new homes, Vacasa now manages more than 1,680 vacation rentals in the state of California.

Headquartered in McKinleyville, California, Redwood Coast Vacation Rentals opened its doors in 2007 with only a couple of vacation rentals under management locally. The company aimed to increase tourism along the Northern California coastline, demonstrating what makes the region unique to visitors, and driving business for fellow locally-owned companies. In connection with the acquisition, Vacasa has hired Redwood Coast Vacation Rentals’ 22 employees, including its former owner, Mike Reinman, who now serves as a community manager.

“When I started Redwood Coast, I was leading a double life as a local business owner and a high school math teacher,” said Reinman. “I found immense meaning in both jobs, but ultimately made the call to prioritize the short-term rental world. My eventual decision to sell my company was driven by the organic growth we achieved, and the understanding that I needed a company with sophisticated resources, including around-the-clock customer care and revenue management expertise, to better serve our homeowners and guests. It’s a win-win with Vacasa; in addition to operational support, my staff and I have also gained more career growth opportunities and a better work-life balance.”

Homeowners whose vacation rentals were managed by Redwood Coast Vacation Rentals will now benefit from Vacasa’s industry-leading dynamic pricing, marketing and booking expertise, and partnerships with top listing sites such as Airbnb, Booking.com and Vrbo that drive year-round bookings and increased revenue.

“We jumped at the opportunity to begin caring for Redwood Coast’s beautiful homes,” said Kristen Taylor, regional director at Vacasa. “The company’s coastal inventory is special to us, and the acquisition allowed us to expand sustainably in the region. The staff we brought on have already proven to be an integral part of our team, and we’re excited to continue learning from one another.”

About Vacasa

Whether travelers are looking to book a weekend getaway or the trip of a lifetime, Vacasa is the trusted partner for all things vacation rental. Vacasa homeowners enjoy industry-leading financial returns on their vacation homes, delivered by the company’s unmatched technology platform that adjusts rates in real time and ensures revenue is always maximized. Guests can relax comfortably in one of Vacasa’s 25,000+ professionally managed homes around the world, knowing that 24/7 customer care teams are just a phone call away. In the past 10 years, Vacasa and its licensed subsidiaries have grown to become North America’s largest vacation rental management platform and employ more than 6,000 people who are passionate about providing best-in-class service to homeowners, guests, real estate investors and partners. For more information, visit https://www.vacasa.com/press.