Vacation rental management platform Vacasa is acquiring Colorado-based Resort Lodging Company for an undisclosed sum.
According to the company, the integration of Resort Lodging Company's inventory of about 250 properties in the Steamboat Springs area will be completed in the spring of 2020.
Vacasa also adds 11 homeowner associations (HOAs) through the acquisition, a statement says.
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Resort Lodging Company’s employees and the leadership team are expected to remain with the company after the acquisition.
Vacasa says homeowners stand to benefit from its dynamic pricing, marketing and booking expertize.
The company launched its management services in Colorado in 2018 and will now manage 62 HOAs across the state.
Vacasa’s acquisition of Wyndham Vacation Rentals in July will add 1,200 vacation properties in the state once the integration has been completed.
The company also recently announced Series C funding of $319 million, saying the investment would go towards its technology platform and further expansion.