Vacation rental management firm Vacasa has announced it’s intentions to go public along with a merger plan with TPG Pace Solutions.
According to Inman, Vacasa value has been noted at $4.5 billion, and post merger, Vacasa will have $485 million in cash.
Vacasa offers a variety of short-term rental services including property management and booking services. The company has also expanded to include interior design services and community management for vacation destinations. It recently acquired Wyndham Vacation Rentals.
In a company statement announcing the merger plans, Vacasa said it anticipates bringing in $750 million in revenue in 2021, with estimates to grow revenue to $1.3 billion by 2023.
You can read more from Inman by clicking here.