Airbnb acquired Luxury Retreats International Holdings, Inc. for approximately $224.1 million, a transaction announced in February 2017, structured as primarily cash and common stock.
Luxury Retreats International Holdings, Inc. operates in Luxury vacation rentals, is based in Montreal, Canada (listings across ~100 destinations worldwide). Airbnb acquired Montreal-based Luxury Retreats, an online marketplace for high-end villa and vacation-home rentals, in 2017 for total consideration of about $224.1 million paid primarily in cash and Airbnb common stock. Airbnb's registration statement records roughly $223.6 million allocated to goodwill and $64.5 million to intangible assets. The deal brought Airbnb a curated inventory of premium homes plus concierge and property-management expertise, and its founder-led team stayed based in Montreal.
Airbnb positioned the deal as a way to broaden the range of homes and experiences it could offer travelers, particularly in traditional high-end vacation destinations, and it later drew on this expertise when it launched the Airbnb Luxe tier.
Curated portfolio of premium homes with concierge service that Airbnb lacked in the ultra-high-end segment. Added a luxury-tier supply funnel and concierge capability that seeded the later Airbnb Luxe product. Luxury homes team; founder Joe Poulin led luxury homes at Airbnb post-close.
Advisory firms were not disclosed for this transaction.