MILL VALLEY, Calif. and FORT LAUDERDALE, Fla., Jan. 2, 2025 — Vacatia, Inc., a leading provider of innovative timeshare resort solutions, today announced its acquisition of The Berkley Group, Inc., a major U.S. resort developer, and Daily Management, Inc., a comprehensive vacation ownership resort management company.
This merger unites Vacatia’s advanced technology, product innovation, and rental expertise with Berkley and Daily Management’s extensive experience in resort sales, development, and management. Berkley and Daily Management will maintain their current operations and locations. Collectively, the combined entity supports over 460,000 owners, manages more than 11,000 units across 13 states, and employs over 2,500 associates, encompassing Berkley’s Vacation Village Resorts.
“This acquisition allows us to expand our comprehensive suite of solutions for independent resorts, boosting owner growth, rental income, customer benefits, and property improvements,” stated Caroline Shin, CEO of Vacatia. “We share a commitment to delivering exceptional value and memorable experiences at independent resorts with strong community ties.”
“Berkley and Daily Management have been industry pioneers for over four decades, establishing leading sales and management programs. Partnering with Vacatia allows us to return to our entrepreneurial spirit. I’m thrilled to begin this new chapter for our owners and employees,” said Rebecca Foster, retiring Chairman of Berkley’s Board.
The acquisition was facilitated through a partnership with certain affiliates of Fairfax Financial Holdings Limited.
“We’re pleased to partner with Vacatia on this acquisition,” said Wade Burton, President and Chief Investment Officer at Hamblin Watsa Investment Counsel Ltd., representing Fairfax. “Vacatia, under Caroline Shin’s leadership, has a proven record of success in property acquisition, management, and development, and we’re confident in their ability to successfully guide Berkley’s future.”
About Vacatia
Established in 2013, Vacatia provides cutting-edge, customer-focused solutions for independent resorts. Its offerings enhance customer engagement, attract new members, generate revenue, and fund property renovations. The company boasts over 750 industry partners, including major timeshare associations and management firms, who rely on its rental and sales services. For more information on Vacatia’s rental, sales, property management services, and subscription membership program, call (720) 449-6738 or visit .
Contact
Jeff Hansen, Chief Administrative Officer
Vacatia
(407) 446-4643 or
SOURCE The Berkley Group, Inc