The transactions strengthen VTrips’ presence in the two states and take the company’s portfolio to more than 3000 exclusive homes and condominiums. Advisory firm C2G served as consultant to VTrips on the transactions.
Located in Ponte Vedra in Florida, VTrips will take over the management of the 800 properties operated by Resort Collection, which is based in renowned vacation destination Panama City Beach in Northwest Florida. It follows the recent purchases of Distinctive Beach Rentals in Fort Myers Beach, also in Florida, and Resort Property Management in Pigeon Forge, Tennessee.
It is believed that all employees of the acquired companies have been offered new contracts to remain by VTrips.