FAQ: Who Owns Turnkey Vacation Rentals?

Where is TurnKey based?

TurnKey, based in Austin, Texas, manages vacation rentals for premium homes in more than 80 destinations across the U.S.

Who bought TurnKey Vacation Rentals?

& AUSTIN, Texas –(BUSINESS WIRE)–Vacasa, a leading vacation rental management platform in North America, announced today it has signed an agreement to acquire TurnKey Vacation Rentals, a vacation rental manager for premium homes in more than 80 destinations across the U.S. The transaction brings together two prominent

Who bought TurnKey?

Vacasa, the largest vacation rental management platform in North America, announced today it has signed an agreement to acquire TurnKey Vacation Rentals, a leading vacation rental management company for premium homes in more than 80 destinations across the U.S. The transaction brings together two prominent vacation

Who is TurnKey Vacation Rentals?

TurnKey Vacation Rentals markets and manages premier vacation rental homes in top U.S. destinations. Founded in 2013 and based in Austin, TX, we’re a passionate team of travel enthusiasts devoted to creating the extraordinary experiences that only vacation homes can offer.

Does turnkey mean furnished?

Turnkey property does not typically mean furnished, but some turnkey properties might be furnished. It typically says in the property description whether it is furnished or not. If you are touring a turnkey property and fall in love with the furnishings and the property, however, talk to your real estate agent.

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Why turnkey projects are attractive?

Why are turnkey projects attractive? The advantage of a turnkey operation is that it allows firms to earn a return from the know -how involved in assembling and running technologically complex processes. They make sense in countries where political or economic conditions make it risky to make longer term investments.

How many properties does Vacasa?

Founded in 2009, Vacasa is the largest vacation rental company in North America. The company managed more than 14,000 homes around the world and employed more than 3,300 people prior to today’s deal, which boosts the number of homes on its platform to 23,000.

Is turn key one word?

A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product.

How much percentage does Vacasa take?

Vacasa takes a 25-35% commission and you have to upgrade your home-owner insurance to cover vacation rentals.

How much did Vacasa buy TurnKey for?

Vacation rental management platform Vacasa is going public through a merger with a special purpose acquisition company in a deal that values the Portland company at $4.5 billion.

Is Vacasa publicly traded?

On June 2, 2020, Vacasa announced it had raised $108 million in Series D funding led by existing investor Silver Lake. In July 2021, Vacasa announced that it would become a publicly-traded company through a merger with TPG Pace Solutions, a special purpose acquisition company (SPAC) sponsored by TPG Pace Group.

What is another word for turnkey?

In this page you can discover 13 synonyms, antonyms, idiomatic expressions, and related words for turnkey, like: turn-key, jailer, end-to-end, pre-integrated, prison-guard, warden, warder, gaoler, jailor, screw and multi-utility.

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What does a turnkey home mean?

A turnkey property is a move-in ready home that doesn’t require any major repairs or improvements before it is livable. In most cases, a turnkey property has already undergone all necessary updates, so it is likely to be significantly more expensive than a fixer-upper.

What are turnkey projects typically?

Turnkey (or turn-key) project is a term typically used with reference to construction projects for which the developer undertakes the whole responsibility from design to completion so that the building is available to the buyer in a ready-to-use condition.

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