US: Property management company Vacasa has announced its plans to purchase Sea to Sky Rentals in Seattle.
In July, Vacasa will welcome all 85 Sea to Sky vacation homes located in Seattle and the North Cascades into its portfolio of professionally managed rentals, bringing the companyโs total inventory in Washington state up to more than 650.
Michelle Acquavella founded Sea to Sky Rentals in 2003, and quickly grew the organisation to become Seattleโs leading vacation rental company.
As a trailblazer in the industry, Acquavella has served as a short-term rental advocate for nearly two decades, co-founded NorthwestVacation Rental Professionals, served on the national board of directors for Vacation Rental Management Association (VRMA) and founded Seattleโs Short-Term Rental Alliance.
Acquavella said: โIn 17 years, Sea to Sky Rentals has become an incredibly successful business, with a dedicated and talented team. Growing the organisation has been one of my greatest achievements to date.
โWeโre now at an inflection point with abundant market opportunity and potential for further growth ahead of us. The time was right to pass the torch to a global company that places high importance on local operations.
โIโm confident that Vacasa is the company with the expertise and resources to provide the very best care to our homeowners and guests,โ she added.
In 2013, Acquavella hired Heidi Stuber as strategic director of Sea to Sky Rentals.
During Stuberโs tenure at the vacation rental company, she focused on strategic planning, finance and growth. Under her leadership, Sea to Sky tripled in size, expanded across Washington State and developed a team of internal leaders.
With the sale of the business, Stuber will now focus her attention on running for Seattle City Council.
Stuber said: โIt has been a privilege to lead Sea to Sky Rentals with Michelle for nearly six years. Between Michelleโs industry expertise and entrepreneurship and my focus on growth, we have built a successful business we are deeply proud of, and we are ready to transition to new leadership.
โWe chose Vacasa because their track record with local operations, combined with global scale, makes them uniquely positioned to meet our homeownersโ expectations and take the business to the next level,โ she added.
Eric Nicholson, director of Vacasaโs Northwest U.S. region, said: โWe are excited to begin caring for Sea to Sky Rentalsโ vacation homes, bringing more options to our guests who crave adventure near Seattle, Stevens Pass, Leavenworth and beyond. Weโre also looking forward to building strong relationships with Sea to Skyโs homeowners by increasing their bookings, taking good care of their homes and exceeding their expectations.โ
For more about Vacasa and its full-service management business model, visit the website here.