Vacatia's Strategic Acquisition of The Berkley Group and Daily Management to Strengthen Resorts' Operations
In a significant move to bolster its presence in the timeshare industry, Vacatia, Inc. has announced the acquisition of The Berkley Group, Inc., a leading resort developer, along with Daily Management, Inc., a prominent property management company specializing in vacation ownership resorts. This strategic acquisition, disclosed on January 2, 2025, aims to enhance Vacatia’s service offerings and expand its customer-centric solutions.
Vacatia, known for its innovative technology and rental solutions tailored for timeshare resorts, recognizes the immense value that The Berkley Group and Daily Management bring to the table. With The Berkley Group’s extensive experience in resort development, sales, and management, combined with Daily Management’s full-service property management expertise, this acquisition positions Vacatia to better serve its clients and adapt to the evolving dynamics of the timeshare market.
Together, the three companies will operate with a considerable workforce of over 2,500 associates, managing around 11,000 units across 13 states. Notably, this includes the Vacation Village Resorts branded properties, which have been a staple in the Berkley portfolio. This collaboration marks a significant shift in the operational framework of these companies, as their combined resources aim to drive new owner growth, amplify rental revenues, and provide enhanced benefits to their customers.
As stated by Caroline Shin, CEO of Vacatia, “This transaction allows us to expand our comprehensive suite of solutions for independent resorts. Our goal is to not only drive new owner growth but also to deliver impactful customer benefits, and implement necessary property renovations.” This perspective highlights Vacatia’s commitment to maintaining a strong sense of community and identity among independent resorts, fostering memorable experiences for all owners.
On the other hand, Rebecca Foster, the retiring Chairman of the Board of Berkley, expressed enthusiasm about the new era that this acquisition heralds. She emphasized the significance of returning to their entrepreneurial roots, which can pave the way for innovation and improvement within the resort management domain, enriching the experiences of owners and staff alike.
Financing for this acquisition was facilitated in partnership with affiliates of Fairfax Financial Holdings Limited, showcasing strong investor confidence in Vacatia's operational capabilities and future ambitions. Wade Burton, President and Chief Investment Officer at Hamblin Watsa Investment Counsel Ltd., remarked, “The Vacatia team has a long track record of success in property acquisition, management, and development. We are thrilled to support this transition and believe they will be excellent stewards of the Berkley business moving forward.”
Founded in 2013, Vacatia has established itself as a significant player in providing unique, customer-focused solutions for independent resorts, aiming to attract new members and generate additional revenue streams. The company collaborates with over 750 industry partners, which include prominent timeshare associations and management firms that rely on Vacatia for their rental and sales services. This acquisition is a clear indication of Vacatia's commitment to growth and excellence in the timeshare industry.
As the merger unfolds, the combined expertise and resources of Vacatia, The Berkley Group, and Daily Management are expected to redefine best practices in resort operations. With a shared vision of excellence and innovation, the new entity is poised to enhance the overall consumer experience in the timeshare space, catering to the growing demand for quality vacations across various locations. Those interested in learning more about Vacatia's offerings and services can reach out via their website or contact information provided in their press release.
Vacatia, known for its innovative technology and rental solutions tailored for timeshare resorts, recognizes the immense value that The Berkley Group and Daily Management bring to the table. With The Berkley Group’s extensive experience in resort development, sales, and management, combined with Daily Management’s full-service property management expertise, this acquisition positions Vacatia to better serve its clients and adapt to the evolving dynamics of the timeshare market.
Together, the three companies will operate with a considerable workforce of over 2,500 associates, managing around 11,000 units across 13 states. Notably, this includes the Vacation Village Resorts branded properties, which have been a staple in the Berkley portfolio. This collaboration marks a significant shift in the operational framework of these companies, as their combined resources aim to drive new owner growth, amplify rental revenues, and provide enhanced benefits to their customers.
As stated by Caroline Shin, CEO of Vacatia, “This transaction allows us to expand our comprehensive suite of solutions for independent resorts. Our goal is to not only drive new owner growth but also to deliver impactful customer benefits, and implement necessary property renovations.” This perspective highlights Vacatia’s commitment to maintaining a strong sense of community and identity among independent resorts, fostering memorable experiences for all owners.
On the other hand, Rebecca Foster, the retiring Chairman of the Board of Berkley, expressed enthusiasm about the new era that this acquisition heralds. She emphasized the significance of returning to their entrepreneurial roots, which can pave the way for innovation and improvement within the resort management domain, enriching the experiences of owners and staff alike.
Financing for this acquisition was facilitated in partnership with affiliates of Fairfax Financial Holdings Limited, showcasing strong investor confidence in Vacatia's operational capabilities and future ambitions. Wade Burton, President and Chief Investment Officer at Hamblin Watsa Investment Counsel Ltd., remarked, “The Vacatia team has a long track record of success in property acquisition, management, and development. We are thrilled to support this transition and believe they will be excellent stewards of the Berkley business moving forward.”
Founded in 2013, Vacatia has established itself as a significant player in providing unique, customer-focused solutions for independent resorts, aiming to attract new members and generate additional revenue streams. The company collaborates with over 750 industry partners, which include prominent timeshare associations and management firms that rely on Vacatia for their rental and sales services. This acquisition is a clear indication of Vacatia's commitment to growth and excellence in the timeshare industry.
As the merger unfolds, the combined expertise and resources of Vacatia, The Berkley Group, and Daily Management are expected to redefine best practices in resort operations. With a shared vision of excellence and innovation, the new entity is poised to enhance the overall consumer experience in the timeshare space, catering to the growing demand for quality vacations across various locations. Those interested in learning more about Vacatia's offerings and services can reach out via their website or contact information provided in their press release.
Topics Business Technology）
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