Casago expands along Florida-Georgia coast

US: Casago acquired Vacasa’s coastal holdings in St. Augustine, Amelia Island and St. Simons Island.

The offerings expand Casago’s portfolio in the region, folding the properties into Casago First Coast. St. Simons Island is one of two markets Casago has a foothold in in Georgia, while expansion into St. Augustine and Amelia Island add to a heavy set of markets in Florida.

In line with Casago’s franchise-based business model, locally-operated Impact Holdings now owns and operates the short-term rental properties in the three markets.

Casago said the transition from Vacasa will bring greater local leadership and decision-making while maintaining continuity for homeowners and guests. Homeowners will see no change to their existing management agreements.

“Vacation rentals have always been a relationship business, and the closer decisions are made to the homes themselves, the better the outcomes are for homeowners, guests and local teams,” Casago CEO Steve Schwab said. “We’re excited to welcome Jatin Kanji and Impact Holdings into the Casago franchise network. Their longstanding presence in Northeast Florida and commitment to disciplined, local operations align perfectly with how Casago was built and how we continue to grow.”

Highlights:

• Casago has acquired Vacasa’s short-term rental portfolios in St. Augustine, Amelia Island and St. Simons Island, expanding its presence along the Florida-Georgia coast.
• The properties will be owned and operated locally by Impact Holdings under Casago’s franchise model, bringing local leadership and decision-making while maintaining existing homeowner management agreements.
• The acquisition adds two Georgia markets and strengthens Casago’s Florida footprint through entry into St. Augustine and Amelia Island.
• Casago chief executive Steve Schwab stated the transaction aligns with the company’s growth strategy of partnering with established local operators.