Vacasa leadership has seen an impressively busy year, so far. The company has acquired 21 vacation rental management (VRM) companies, like Mandoki Hospitality at Gulf Shores Plantation, Key to the Rockies in Keystone, Island Real Estate in Anna Maria, and more, and the company is now preparing for its IPO.
Vacasa’s latest acquisition is Mandoki Hospitality, founded by industry pioneer Pedro Mandoki who served as president of the Vacation Rental Management Association (VRMA) and chairman of the American Hotel and Lodging Association (AHLA). Mandoki’s Plantation Resort Management was also one of the first VRMs acquired after the ResortQuest IPO in 1998. Pedro Mandoki joined the ResortQuest executive team, but after the company sold, he bought back the inventory in 2005 under a new brand, Mandoki Hospitality.
The vacation rental industry has not seen a management company IPO since ResortQuest in 1998, but Vacasa is moving in that direction.
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