Sentral expands management portfolio in two new markets
US: Full-building residential hospitality operator Sentral has announced an expansion of its portfolio into two new markets with management contracts at The Sutton in Portland, Oregon and Otonomus Hotel in Las Vegas.
iTrip Vacations expands management programme in Oregon
US: iTrip Vacations Portland is expanding its short-term rental property management programme in Oregon to include Lincoln City. The Portland franchise, owned and managed by Corey Tigner and Ryan Tigner, will now serve rental owners and guests in Lincoln City, Portland, Mount Hood, Willamette Valley and Eugene. Corey Tigner said: “Finding the right property manager can […]
Portland rejects short-term rental ballot measure
US: The city of Portland, Maine has completed its ballot counting, revealing that it has rejected a ballot measure which would have increased restrictions on short-term rentals. It was the only one rejected by voters out of five possible changes to city regulations. 49,005 total people voted in the election, with over 52 per cent […]
Portland faces Election Day vote on short-term rentals limit
US: Portland, the largest city in the US state of Maine, has introduced a ballot measure as part of US Election Day which would place strict restrictions on short-term rentals. The measures seek to eliminate non-owner occupied and tenant occupied short-term rentals, increase violation fines and raise registration fees for hosts. Question E, proposed by […]
Vacasa announces large-scale layoffs with immediate effect
US: Portland-based vacation rental management platform Vacasa has notified its employees of an unspecified number of layoffs from the company, believed to be in the hundreds, with immediate effect. The company says it is making workers redundant across all functions globally and, in a statement released on Friday, it attributed the job losses to the current […]
Airbnb planning to open Portland HQ this autumn
US: San Francisco-based Airbnb is growing its presence in Portland by taking up occupancy of an open concept space, which will become the company’s newest headquarters. The firm’s footprint in the city will grow to 63,000 square feet with the space agreement at 38 Davis, a six-storey mixed-use asset in the Old Town district of […]
Vacasa launches Interior Design programme
Oregon: Vacasa has announced the launch of Vacasa Interior Design, which will help homeowners and multifamily developers increase financial returns on their properties. Following its initial pilot stage, the programme has maximised rental occupancy by an average of 12 per cent, while some vacation homeowners experienced a revenue boost of more than 20 per cent. […]
Vacasa Alabama purchases Island Resort management
Portland: Vacation rental management company Vacasa Alabama LLC is expanding in Alabama by acquiring Island Resort Management. Island Resort’s owners, Phil Purpura and Dot Small, who also own Alabama Realty, cited Vacasa’s pricing technology, marketing and booking expertise as reasons for selling. Financial terms of the deal were not disclosed. Purpura said: “We were able […]
Portland housing committee asks for six-month moratorium on short-term rentals
Portland: Portland’s housing committee is asking the city council to order a six-month moratorium on new short-term rentals in non-owner-occupied homes. The moratorium was proposed during a meeting and public hearing on Thursday regarding a raft of proposed amendments to tighten Portland’s short-term rental rules. Committee members were poised to debate and vote on the […]
Vacasa moves into Portland headquarters in preparation for IPO
Portland: Vacasa has moved into its recently-built 61,000-square-foot headquarters in Portland’s Pearl District, in preparation for a potential initial public offering (IPO). The Portland headquarters will represent a showcase office for the vacation rental management company, which is headed by Vacasa chief executive, Eric Breon. Anticipating a surge in growth, Vacasa retained a lease on […]