Vacasa to Acquire Wyndham Vacation Rentals for $162 Million

Vacasa, the vacation rental management service, will buy Wyndham Vacation Rentalsfrom Wyndham Destinations, the companies said Tuesday.Vacasa will pay $45 million in cash at closing and will give Wyndham Destinations up to $30 million of equity interest in the newly formed company. Vacasa will pay the remaining balance in either seller financing or cash, for a total of $162 million in value.The deal is a milestone for the Portland, Oregon-based Vacasa and its founder and CEO Eric Breon. It nearly doubles the startups inventory to more than 23,000 homes. The transaction makes Vacasa the largest property management service provider in North America’s vacation rental sector by revenue, though Vacasa also manages properties in some locations outside of North America.