Inspirato to go public in $1.1bn SPAC merger with Thayer
US: Luxury travel subscription brand Inspirato has confirmed that it has entered into a definitive merger agreement with special purpose acquisition company [SPAC] Thayer Ventures, in a transaction that will take Inspirato public and value the pro forma company at an estimated enterprise value of $1.1 billion. On completion, the combined company will operate as […]
ReAlpha set to pay $1.5bn to buy 5k rental homes
US: Ohio-based real estate investing firm ReAlpha is planning to spend up to $1.5 billion, including debt, to acquire a portfolio of short-term rental homes at an unprecedented scale. Speaking to Bloomberg, CEO Giri Devanur said that the money would be enough to purchase around 5000 short-term rental homes. The company will initially focus on […]
Camplify goes public via AU$11.5m IPO
Australia: New South Wales-based peer-to-peer caravan hire and RV sharing marketplace, Camplify, has gone public on the Australian Securities Exchange via a AU$11.5 million initial public offering [IPO]. The rental startup submitted the necessary documentation in May, with an offer price of $1.42 per share, giving the business an enterprise valuation of $42.1 million on completion. […]
Sykes launches British holiday let competition
UK: British holiday home owners could be in with a chance of winning £10,000 as part of a nationwide search for Britain’s Best Holiday Let, launched by independent holiday cottage rental agency Sykes Holiday Cottages. Sykes is calling on property owners to come forward this summer and showcase their holiday homes – whether it be […]
Safely and OwnerRez partner to promote safe stays
US: Insurtech and guest screening solution for the vacation and short-term rental industry, Safely.com, has partnered with flexible vacation rental management platform OwnerRez, putting home protection at the forefront of the vacation rental management agenda. Through the partnership, property owners and managers using OwnerRez will be able to access Safely.com’s insurtech solution, giving them the […]
RealPage appoints Jones as CEO
US: RealPage, a global provider of software and data analytics to the real estate industry, has announced the appointment of Dana Jones as its incoming chief executive officer [CEO]. Jones, who was a member of RealPage’s board of directors since 2019 and has over two decades of experience leading and growing global enterprise software businesses, will […]