Latest news with #Vacasa
Skift
10 hours ago
- Business
- Skift
Casago Bets on Franchise Model to Take Over Vacasa Properties
Casago, now the largest vacation rental property management company in the U.S. after acquiring Vacasa in May, has been active making franchise deals. It announced Monday that it partnered with one of its franchises, Casago San Diego, to take on the management of 150 coastal vacation rental properties that Vacasa previously managed. This follows the announcement last week that another Casago franchise, Bolivar Vacations, had assumed management of more than 90 vacation rentals that Vacasa previousl
Business Wire
17 hours ago
- Business
- Business Wire
Casago Franchise Expands in San Diego With Addition of Former Vacasa Rentals
SAN DIEGO--(BUSINESS WIRE)-- Casago, the premier vacation rental property management company known for its franchise-first model, has partnered with current franchise Casago San Diego to manage more than 150 coastal vacation rental homes previously operated by Vacasa. Casago San Diego grows with 150 new coastal homes, reinforcing its franchise model that prioritizes local leadership and owner-centric values. The Casago San Diego franchise is led by Carlsbad locals Dave Carter, Bert King, and Erik Trogden, local real estate professionals with more than 35 years of combined experience in buying, selling, investing, and managing properties in the region. The trio joined the Casago franchise network in 2022, drawn by the brand's owner-centric values and hospitality standards. The Casago franchise, based in Carlsbad, is focused on helping homeowners maximize rental income while protecting long-term property value. This transition is part of Casago's broader strategy to bring former Vacasa markets into its franchise system, replacing centralized oversight with local operators who deliver personal service, backed by the support and technology of a national brand. With operations already established, Casago San Diego will continue to deliver hands-on, personalized service through its established local team. The team has already earned distinction as Airbnb Superhosts (averaging 4.96/5 stars) and Vrbo Premier Partners (9.7/10 rating), recognition of its attention to quality, responsiveness, and local care. Dave Carter, Casago San Diego owner said: 'Our journey with Casago started as guests. For more than a decade, my family vacationed at Casago-managed homes in Santa Barbara, and those special experiences left a lasting impression. From the start, it was clear that Casago shared our values, an owner-centric mindset and a genuine commitment to five-star guest care.' 'As longtime real estate professionals and North County locals, the three of us bring a strong mix of industry experience, service focus, and deep local knowledge. We're proud to bring that together under the Casago name and build something exceptional here in San Diego.' Steve Schwab, CEO of Casago said: 'What makes this transition meaningful isn't just the homes, it's the people stepping in to manage them. Dave, Bert, and Erik aren't outsiders. They've lived in this community for years, they've earned trust here, and they are consistently delivering exceptional five-star guest experiences.' 'This is what the Casago model is all about: putting local leaders in charge. When the people making decisions actually know the homeowners, the properties, and the neighborhood, everyone benefits — owners, guests, and the community.' This transition reinforces Casago's momentum as more homeowners seek long-term, transparent partnerships in today's evolving vacation rental market. About Casago Casago is a top-rated vacation rental management company providing professional property management services for homeowners across North America, Belize, Costa Rica and the Caribbean. Founded in 2001 by former Army Ranger Steve Schwab, Casago has earned a reputation for delivering exceptional guest experiences and reliable property management services through a franchise-driven model. In 2025, Casago expanded its footprint by acquiring Vacasa, a leading vacation rental platform in North America. With a customer-centric approach, the combined company empowers local teams to provide personalized, responsive support for both homeowners and guests. Casago's commitment to quality is reflected in its industry recognition: it is the only property management company of its scale to be rated in the Top 1% by Comparent. Additionally, nearly 95% of U.S.-based local operating partners are Airbnb Superhosts, VRBO Premier Partners, or both.
Associated Press
27-06-2025
- Business
- Associated Press
Local Casago Franchisee Expands California Portfolio With Acquisition of Former Vacasa Properties
. BIG BEAR LAKE, Calif.--(BUSINESS WIRE)--Jun 27, 2025-- Big Bear Vacations, one of Casago's longest-standing franchises in the U.S., has acquired property management contracts formerly managed by Vacasa in Big Bear, California, expanding its local management portfolio to more than 340 properties. Nick Lanza, owner of Big Bear Vacations, will operate the expanded portfolio. Lanza brings more than 30 years of local hospitality expertise to the region and, as Casago's first U.S.-based franchisee in 2019, has helped shape the company's franchise program. The latest expansion into the region signals increasing momentum for Casago's scalable, community-rooted model. The move follows a series of strategic transitions as Casago brings former Vacasa markets into its franchise ecosystem. With a growing number of property owners seeking transparent, personalized service and long-term stability, Casago's blend of national infrastructure and local leadership is increasingly standing out in a saturated vacation rental market. As part of the transition, Casago will deliver deeper operational support alongside the high‑touch, locally led service that homeowners and guests have come to expect. Steve Schwab, CEO and Founder, Casago said: 'This acquisition represents more than just market growth, it's a proof point for the franchise model we've been building from day one. When local operators with deep community ties are given the right systems, support, and autonomy, the result is a stronger, more sustainable approach to vacation rental management. 'Nick Lanza, our local franchise partner in Big Bear, shows that scale doesn't have to come at the expense of service or identity. It's a model that blends national reach with local ownership, and it's working. This transition is a clear example of what the future of the industry looks like: experienced operators expanding their portfolios or growing into new markets on their own terms, while delivering consistent value to homeowners and guests.' Nick Lanza, local franchise partner in Big Bear, said: 'This expansion is the result of years of building a business that understands the nuances of the local market, and then combining that experience with a platform built to support growth without compromise. 'The partnership with Casago allows for the operational advantages of a larger network while keeping the decision-making close to home, where it belongs. That balance has made it possible to take on new portfolios with confidence, maintain long-standing relationships with homeowners, and continue delivering the kind of guest experience that built trust in the first place. Growth isn't just about adding properties, it's about growing in the right way, with the right people behind you.' About Casago Casago is a top-rated vacation rental management company providing professional property management services for homeowners across North America, Belize, Costa Rica and the Caribbean. Founded in 2001 by former Army Ranger Steve Schwab, Casago has earned a reputation for delivering exceptional guest experiences and reliable property management services through a franchise-driven model. In 2025, Casago expanded its footprint by acquiring Vacasa, a leading vacation rental platform in North America. With a customer-centric approach, the combined company empowers local teams to provide personalized, responsive support for both homeowners and guests. Casago's commitment to quality is reflected in its industry recognition: it is the only property management company of its scale to be rated in the Top 1% by Comparent. Additionally, nearly 95% of U.S.-based local operating partners are Airbnb Superhosts, VRBO Premier Partners, or both. View source version on CONTACT: Press ContactStewart Paterson Abode Worldwide – on behalf of Casago [email protected] +44 (0) 7387 314 249 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: LODGING DESTINATIONS TRAVEL VACATION SOURCE: Vacasa Copyright Business Wire 2025. PUB: 06/27/2025 12:07 PM/DISC: 06/27/2025 12:07 PM
Business Wire
01-05-2025
- Business
- Business Wire
Casago Completes Acquisition of Vacasa
PHOENIX & PORTLAND, Ore.--(BUSINESS WIRE)-- Casago, a premier vacation rental property management company, today announced the completion of its acquisition of Vacasa, Inc. ('Vacasa'), a leading vacation rental management platform in North America. The transaction, a watershed moment for the U.S. vacation rental industry, combines the strengths of both companies to create an industry-leading brand managing over 40,000 properties across North America, Belize, Costa Rica and the Caribbean. Casago brings 25 years of experience delivering owner- and guest-focused management through its locally rooted model. Casago founder and CEO Steve Schwab, who will lead the combined entity, commented, 'Today marks an exciting new chapter as Casago and Vacasa come together. Our vision is clear: to build the most trusted brand in vacation rental management — one relationship at a time. By combining our strengths, we will create new opportunities for our homeowners, guests, partners, and teammates, while staying true to the values that have made Casago who we are.' Schwab continued, 'This isn't just the joining together of two companies, it's a commitment to service, to hospitality, and to delivering a better way of caring for a second home.' In addition, Roofstock, a leading proptech platform, invested in the transaction and has become a partner in Casago, seeking to leverage its decade of experience using technology to enhance property management capabilities, customer experience and liquidity for residential property investors. Roofstock brings deep real estate expertise through its service offerings and software solutions, including helping more than 300,000 property owners with nearly 1 million units optimize the performance of their rental properties. With the completion of the acquisition, Vacasa's common stock has ceased trading and is no longer publicly listed on the Nasdaq. Representation Jefferies LLC served as financial advisor and Skadden, Arps, Meagher & Flom LLP served as legal advisor to Casago in connection with the transaction. PJT Partners served as financial advisor and Vinson & Elkins LLP served as legal advisor to the Special Committee of the Vacasa Board of Directors. Latham & Watkins LLP served as legal advisor to Vacasa. About Casago Casago is a premier vacation rental management company, overseeing nearly 5,000 properties across 72 cities in the United States, Mexico, Costa Rica, and the Caribbean. Founded in 2001 by former Army Ranger Steve Schwab, Casago has earned a reputation for delivering exceptional guest experiences and reliable property management services. With a customer-centric approach, the company empowers local teams to provide personalized, responsive support for both homeowners and guests. Casago's commitment to quality is reflected in its industry recognition: it is the only property management company of its scale to be rated in the Top 1% by Comparent. Additionally, nearly 95% of U.S.-based local operating partners are Airbnb Superhosts, VRBO Premier Partners, or both. About Vacasa Vacasa is a leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company's unmatched technology that is designed to adjust rates in real time to maximize revenue. Guests can relax comfortably in thousands of Vacasa homes in hundreds of destinations across the United States, and in Belize, Canada, Costa Rica, and Mexico, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, and Vrbo. About Roofstock Roofstock's mission is to power the residential investment ecosystem for the benefit of all. The company's award-winning, tech-enabled end-to-end platform helps investors buy, sell and manage single-family rental properties in over 40 markets around the U.S. Founded in 2015, Roofstock is backed by a blue-chip roster of investors including Khosla Ventures, Bain Capital Ventures, QED, Lightspeed Venture Partners, Canvas Ventures, Invesco and SoftBank Vision Fund 2. Roofstock has facilitated more than $9 billion in buy and sell-side transactions on its platform to date, manages 20,000 rental homes through its Mynd affiliate, and provides asset management software for over 300,000 landlords owning nearly 1 million units through its affiliate Stessa.
Business Wire
29-04-2025
- Business
- Business Wire
Vacasa Stockholders Approve Merger with Casago
PORTLAND, Ore.--(BUSINESS WIRE)--Vacasa, Inc. (Nasdaq: VCSA) ('Vacasa' or the 'Company'), a leading vacation rental management platform in North America, today announced that its stockholders have approved the proposed merger with Casago (the 'Merger'). On April 29, 2025, Vacasa held a special meeting of the Company's stockholders (the 'Special Meeting') to vote on a proposal (the 'Merger Agreement Proposal') to adopt the Agreement and Plan of Merger, dated as of December 30, 2024, as amended by Amendment No. 1 thereto, dated as of March 17, 2025, and by Amendment No. 2 thereto, dated as of March 28, 2025. At the Special Meeting, approximately 69% of the Company's Class A common stock, 96% of the Company's Class B common stock and 72% of the Company's Class A common stock and Class B common stock, voting together as a single class, voted in favor of the Merger Agreement Proposal. The Company expects closing of the Merger to occur at 11:59 pm ET on April 30, 2025, subject to the satisfaction or waiver of the remaining closing conditions. A final report on the results of the Special Meeting will be made on a Form 8-K to be filed with the Securities and Exchange Commission (the 'SEC'). About Vacasa Vacasa is a leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company's unmatched technology that is designed to adjust rates in real time to maximize revenue. Guests can relax comfortably in thousands of Vacasa homes in hundreds of destinations across the United States, and in Belize, Canada, Costa Rica, and Mexico, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, and Vrbo. Cautionary Note Regarding Forward-Looking Statements The information included herein and in any oral statements made in connection herewith contains forward-looking statements. All statements other than statements of historical facts are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements and speak only as of the date they are made. Words such as 'aim,' 'anticipate,' 'believe,' 'contemplate,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would,' 'target,' 'forecast,' 'outlook,' or the negative of these terms or other similar expressions are intended to identify such forward-looking statements. Specific forward-looking statements include, among others, statements regarding forecasts and projections; estimated costs, expenditures, cash flows, growth rates and financial results; plans and objectives for future operations, growth or initiatives; strategies or the expected outcome or impact of pending or threatened litigation; and expected timetable for completing the proposed transaction. Forward-looking statements are based on our management's beliefs and assumptions and on information currently available to the Company. Such beliefs and assumptions may or may not prove to be correct. Additionally, such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict and many of which are beyond the Company's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: (i) the timing to consummate the proposed transaction; (ii) the satisfaction of the conditions to closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction otherwise does not occur; (iii) risks related to the ability of the Company to realize the anticipated benefits of the proposed transaction, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; (iv) the diversion of management time on transaction-related issues; (v) results of litigation, settlements and investigations in connection with the proposed transaction; (vi) actions by third parties, including governmental agencies; (vii) global economic conditions; (viii) potential business uncertainty, including changes to existing business and customer relationships during the pendency of the proposed transaction that could affect financial performance; (ix) adverse industry conditions; (x) adverse credit and equity market conditions; (xi) the loss of, or reduction in business with, key customers; legal proceedings; (xii) the ability to effectively identify and enter new markets; (xiii) governmental regulation; (xiv) the ability to retain management and other personnel; and (xv) other economic, business, or competitive factors. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's filings with the SEC. The Company's SEC filings may be obtained by contacting the Company, through the Company's website at or through the SEC's Electronic Data Gathering and Analysis Retrieval System at The Company undertakes no obligation to publicly update or revise any forward-looking statement.
