- ApartmentLove (APLV) has acquired OwnerDirect.com, a short-term vacation rental marketing platform
- OwnerDirect.com is among the largest short-term vacation rental websites in its class
- ApartmentLove acquired OwnerDirect.com for less than 1x revenue and just 2.5x EBITDA
- President & CEO Trevor Davidson sat down with Sabrina Cuthbert to discuss the news
- ApartmentLove is a leading provider of online residential rental marketing services to landlords and renters
- ApartmentLove Inc. (APLV) opened trading at C$0.20
ApartmentLove (APLV) has acquired OwnerDirect.com, a short-term vacation rental marketing platform.
OwnerDirect, one of the largest short-term vacation rental websites in its class, has operations in Canada, the United States, Mexico, and the Caribbean.
Attracting nearly 1 million website visitors already this year, OwnerDirect.com is among the largest short-term vacation rental websites in its class.
ApartmentLove acquired Owner Direct for less than 1x revenue and just 2.5x EBITDA.
President & CEO Trevor Davidson sat down with Sabrina Cuthbert to discuss the news.
“The short-term vacation rental market is very strong right now. The acquisition of OwnerDirect.com underscores our investment in the internet listing sector and commitment to expanding the scope and capacity of our business. Already very well-represented in the long-term rental market, acquiring OwnerDirect.com further enhances our product, service, and customer offering. We are thrilled to have completed this transaction, while retaining the entire operating and development team at OwnerDirect.com which is anticipated to provide for a long and smooth runway ahead. To our new team members, welcome to the ApartmentLove family.”
ApartmentLove is a leading provider of online residential rental marketing services to landlords and renters in more than 30 countries on 5-continents.
ApartmentLove Inc. (APLV) opened trading at C$0.20.
