Vacasa completed the acquisition of Wyndham Vacation Rentals from Wyndham Destinations for $162m.

Vacasa, a vacation rental management platform, completed the acquisition of Wyndham Vacation Rentals from Wyndham Destinations, an American timeshare company, for $162m. “After conducting a rigorous strategic review process that generated strong interest from multiple parties, we are confident that Vacasa is the ideal buyer. In the past decade, we grew our vacation rental business to prominent leadership in North America. We determined that selling Wyndham Vacation Rentals is the best option to return value to shareholders and enable the long-term growth of our company through vacation ownership and exchange. We remain so confident in the future of this business and the benefits of a long-term relationship with Vacasa, that we will have an equity interest in Vacasa after the sale," Michael D. Brown, Wyndham Destinations President and CEO.