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To date, this is the largest funding round ever raised in the vacation rental management sector, [36] and the largest series B funding round ever raised for an Oregon technology company. [37] On October 18, 2018, Vacasa raised a Series B extension of $64 million, bringing the company's total funds raised to $207.5 million. [38]
In August, the Sedona, Arizona, City Council approved a program that would pay up to $10,000 to homeowners willing to trade their short-term leasing for a long-term lease to locals.
U-Haul Holding Company is an American moving truck, trailer, and self-storage rental company, based in Phoenix, Arizona, [1] that has been in operation since 1945. The company was founded by Leonard Shoen and Anna Mary Carty in Ridgefield, Washington, who began it in a garage owned by Carty's family, and expanded it through franchising with gas stations.
The company was founded in 2011 and is based in Scottsdale, Arizona. [3] Backed by Oaktree Capital Management, the company filed for its initial public offering in August 2014 [4] and went public on the New York Stock Exchange later that year. [5] Its stock was added to the S&P 400 stock market index in 2020. [6]
Arizona Gov. Doug Ducey, in a quest to bolster Arizona's sharing economy, signed a law in 2016 that prevented municipalities from passing laws restricting short-term rentals.
Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels. "Short stay" rentals are an offshoot of the corporate housing market, [2] and are also offered by private owners and investors via online platforms such as Airbnb. [1]
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