A portfolio company of Kinderhook Industries LLC, VacationRoost Group Inc, reported the acquisition of Hawaiian Beach Rentals and Vacation Rental Agent. The monetary terms of the acquisition was not mentioned.
VacationRoost is a company based out of Salt Lake City, UT and is currently the largest provider of managed vacation rental property on the Internet. The online platform of the company allows clients to search, shop and book vacation rental properties in the comfort of their home and ease of booking a room in a hotel or a flight at an airline. The client also would have the opportunity to package the vacation rental with transportation bookings as well as local activities itinerary through VacationRoost's Destination Experts.
According to VacationRoost CEO Julian Castelli, "We are very excited about the acquisition of Hawaiian Beach Rentals and Vacation Rental Agent. The vacation rental industry is growing rapidly and Hawaii is one of the most attractive markets with its strong year-round demand and incredible vacation offerings. We look forward to bringing this fantastic collection of vacation homes to our customers and providing our vacation rental suppliers with the expanded distribution and marketing tools that Vacation Rental Agent offers."
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