AirBnB is in talks to acquire Montreal based Luxury Retreats, according to Bloomberg’s interview.
Luxury Retreats’s purchasing cost discussed was around $300m USD in cash and stock options.
“We are always looking to provide our community with access to new and different options, but we have no announcements to make,”
Airbnb spokesman Nick Papas said on Thursday. A spokesman for Luxury Retreats declined to comment.
Luxury Retreats is a full service villa rental company dedicated to creating authentic travel experiences. They provide complimentary guest support including a team of villa specialists dedicated to finding guests the perfect home to stay in, and a 24/7 personal concierge service to assist with details big and small. They provide 90+ DESTINATIONS, 3000+ LUXURY VILLAS, 500k TRAVELERS, 200 TRAVEL EXPERTS.
Airbnb is an online marketplace and homestay network enabling people to list or rent short-term lodging in residential properties, with the cost of such accommodation set by the property owner. The company receives percentage service fees from both guests and hosts in conjunction with every booking. It has over 2,000,000 listings in 34,000 cities and 191 countries.