Contact: Kari Morlock
Press Release – For Immediate Release
April 16, 2014
Vacasa Rentals Acquires Utah Vacation Homes, Expanding to Seventh State in the Western US
Portland-based vacation rental management firm Vacasa Rentals recently acquired Utah Vacation Homes, marking Vacasa’s expansion into its seventh state in the Western US. With the addition of Utah Vacation Homes’ 56 properties, located throughout Park City and Salt Lake City, Vacasa’s portfolio will number over 900 privately-owned vacation homes.
Utah Vacation Homes’ employees, including Vacation Rental Managers Association Board of
Directors member Tristan Webb, will be retained and added to Vacasa’s roster of over 200
“We’re excited to be working in a world-class destination like Park City,” said Vacasa’s founder and CEO Eric Breon. “And we know that Tristan brings a passion and vision for the entire vacation rental industry along with his years of experience. We’re looking forward to growing together as we bring the Vacasa brand both to current UVH owners, and as we expand throughout Utah.”
The UVH acquisition occurred as a result of Vacasa’s straightforward approach when exploring new markets: the company makes a habit of reaching out to existing companies or rental agents that might be interested in business partnerships with a larger brand.
“The Utah Vacation Homes team and I are very excited to join the Vacasa team,” said Webb. “Vacasa has implemented many of the procedures and processes we previously desired, but were unable to resource as a small company — I am excited to be part of the most technologically sophisticated company in the vacation rental industry.”
Vacasa also manages homes in Oregon, Washington, Colorado, Idaho, California, and Hawaii. The company, which was founded in 2009, is focused on further expansion into Southern California as well as Utah.
“While we’ve grown very quickly, we’ve been able to sustain our success because we invest in marketing and rate optimization, so we can earn our owners higher rental income on more bookings,” said Breon. “And while Park City is primarily a ski market, I feel confident that we can show the newest homeowners in the Vacasa family just how well we can book out the summer as well.”