Founded in 2009, Oasis Collections runs a marketplace similar to industry giant Airbnb but is focused on private high-end vacation homes across 17 locations worldwide. It raised investment from Hyatt last year and counts corporate clients including McKinsey and Ernst & Young. The company’s 60 employees will join Vacasa.
The deal adds to Vacasa’s growing portfolio of vacation rental properties. The Portland, Ore.-based company, ranked No. 2 on the GeekWire 200, bills itself as the “largest vacation rental management company in North America” and offers various services — marketing, rate optimization, reservations, guest services, housekeeping, maintenance, etc. — to help homeowners earn money off their property. It has more than 10,600 vacation homes listed on its site across the U.S., Europe, South and Central America, and South Africa.
“Our acquisition of Oasis enables us to enter new and popular urban markets in international destinations, while bringing on employees in those areas that know the local communities,” Eric Breon, founder and CEO of Vacasa, said in a statement.
Vacasa raised a $103 million last year. In addition to people working out of offices in Portland and Boise, the company employs more than 2,500 across its markets for on-the-ground “field-based roles” — housekeepers, reservations agents, local managers, etc. In that vein, Vacasa is different than other tech-fueled lodging marketplaces including Airbnb and HomeAway, which is a Vacasa partner.
Earlier this year, Vacasa launched a new network aimed at helping people through the process of buying and selling second homes.
Vacasa has been around since 2009 and bootstrapped until taking its first outside investment in 2016 with a $40 million Series A round.
Terms of the deal were not disclosed.