Total Square Footage: 33,838
Acquired: December 14, 2018
Tenant Name: Vacation Innovations LLC
Royal Oak Realty Trust (“Royal Oak”) is pleased to announce the completion of our 25th acquisition, and second in Florida. On December 14, 2018, we purchased the headquarters of Vacation Innovations, LLC (“Vacation Innovations”) of Orlando, FL, in a sale leaseback transaction. Strategically located in Greater Orlando’s tourist corridor market and near Orlando International Airport, the property benefits from easy access to area interstates, amenities and tourism related service providers.
The site contains one building totaling 33,838 square feet on 2.54 acres. The property was built in 1999 and has served as the headquarters of Vacation Innovations since 2007.
Vacation Innovations is the world’s largest provider of secondary-market services and solutions for the vacation ownership industry. Leveraging advanced digital marketing strategies to bring vacation ownership and timeshare rentals to a new audience of consumers, the Vacation Innovations portfolio includes leading timeshare resale marketplaces SellMyTimeshareNow.com and VacationOwnership.com, as well as upcoming timeshare rental booking website ResortRentals.com. In addition to online advertising and marketing services for by-owner timeshare sales and rentals, Vacation Innovations’ family of brands also offers licensed timeshare brokerage, title transfer services, and customized owner services and complementary retail product solutions to timeshare resorts, resort developers, HOAs, and timeshare management companies. Vacation Innovations has more than 250 employees in three office locations.