AUSTIN, TX, May 5, 2014 — TurnKey Vacation Rentals today announced its acquisition of Coastline Adventures, a long-time Port Aransas, TX-based vacation rental manager.
With this acquisition, TurnKey continues to expand its market offering of better, smarter vacation rental management. “We’re dedicated to building the largest and most geographically diverse vacation rental management company,” says John Banczak, Executive Chairman of TurnKey, “and the acquisition of Coastline Adventures enables us to expand our tech-enabled management solution more quickly to Port Aransas owners who are interested in higher revenue, lower costs, and a better management service.”
TurnKey Vacation Rentals was founded by an experienced Internet travel team based in Austin, TX. TurnKey currently serves the Austin, Port Aransas, TX and Santa Barbara, CA areas with plans to expand into several more markets in 2014. TurnKey was founded with the belief that the experience of booking and staying at a short-term rental should be better than a hotel.
TurnKey aims to grow the vacation rental market by improving homeowner and guest experience with better, less expensive management tools for owners, and a more consistent, easier to use vacation rental experience for consumers.
Coastline Adventures was founded by Beverly Gilbreath, an experienced vacation rental manager and long-time resident of the Port Aransas area. She will continue to be head of TurnKey’s operations in Port A bringing with her a great portfolio of properties and a tremendous amount of vacation rental operations experience. “The transition into TurnKey has been seamless for employees, owners, and guests. TurnKey’s model has enormous benefits for owners – from day one my previous owners were amazed how much TurnKey invested into their properties – new photo’s, new electronic locks, a Samsung table in every home, extensive website advertising and promotion, 24/7 email and phone support – all at lower commissions!”
With the increased exposure, refreshed listings and photos and guest experience, reservations have already jumped. “The TurnKey team told me they were going to impress me by increasing revenue – and they have delivered. Our homes have never produced so much revenue.”
Prior to the acquisition, TurnKey had built out an advanced platform for tech-enabled vacation rental management and had already begun to grow the Austin and Santa Barbara markets. Moving forward TurnKey will continue to actively seek additional market-based acquisitions and launch new markets on their own. The TurnKey platform enables more exposure and higher income to owners at lower commissions, and uses advanced logistics and dispatch to enable a smoother owner and enhanced guest experience. Terms of the deal were not disclosed.
TurnKey is a marketing and professional-management solution for individual vacation rental owners. Located in Austin, TX, founded by former HomeAway, Expedia, BedandBreakfast.com and Limos.com executives, and funded by an all-star cast of angel investors, including the CEOs of Orbitz, and Zillow, and the founders or co-founders of TripIt, Hotwire, Expedia, Zillow and Glassdoor.