Vacasa Finalizes Purchase of Wyndham Vacation Rentals
October 23, 2019
This article was first published by Vacasa.
PORTLAND, Ore., and ORLANDO, Fla., — (Oct. 23, 2019) – Vacasa, North America’s largest vacation rental management platform, today announced that it has finalized its acquisition of Wyndham Vacation Rentals from Wyndham Destinations (NYSE: WYND), the global leader in vacation ownership and exchange, for a purchase price of $162 million. Vacasa financed the acquisition of Wyndham Vacation Rentals through a combination of cash and equity. Wyndham Destinations received proceeds at closing of $156 million in cash and $10 million in Vacasa equity. The purchase agreement contains customary post-closing adjustments.