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News / Business

Vacasa, preparing for IPO, moves into new HQ

By Wire Services
Published: October 15, 2018, 6:03am

PORTLAND — Vacasa is touting its new, 61,000-square-foot headquarters in Portland’s Pearl District. It’s a showcase office for the vacation rental management company, which is laying the groundwork for a potential initial public offering.

Anticipating mammoth growth, Vacasa retained a lease on its former headquarters across the street when it moved into the new office in August. The company has 400 employees in Portland now and expects to hire hundreds more in the coming years.

Propelled by a $103.5 million private equity deal last year, Vacasa hopes to transform the vacation rental management business.

The company employs more than 2,500 altogether — most of them cleaning and maintenance staff — and lists more than 10,000 vacation homes altogether.

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