Paradise Retreats Asset Profile

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Year established

2006

Location

Santa Barbara CA US

Primary Industry

Travel & Leisure

About

Based in California, US, and founded in 2006, World Class Vacation Rentals, LLC, doing business as Paradise Retreats, operates as a villa rental management company. The company was founded by its CEO Theo Kracke and Becky Kracke. In November 2022, Nocturne Luxury Villas, Inc., a portfolio company of Aureus Capital, acquired Paradise Retreats. Paradise Retreats enables owners to rent out their holiday properties for a profit as well as provide rental services for vacation homes to visitors and tourists. As of 2022, the company’s portfolio comprises a variety of more than 100-holiday homes, luxury beach bungalows, villas, condos, mountainside villas, and wine country estates in the Santa Barbara, Montecito, Summerland, Carpinteria, Ventura, Oxnard, Camarillo, Santa Ynez region. The company's web application enables customers to browse, book, and pay for vacation home rentals as well as allows homeowners to sign in and check on the upkeep and operation of their vacation property, annual rental income, and pre-rental services like staff and property security. In addition, Paradise Retreats also collaborates with other organizations and allows customers to directly book concierge, catering, spa and wellness, child care, and transportation services with them.

Current Investors

Nocturne Luxury Villas, Inc.

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Primary Industry

Travel & Leisure

Sub Industries

Home Repair Services, Hotels & Accommodations, Web Applications

Website

www.paradiseretreats.com

Verticals

Real Estate Tech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Paradise Retreats	17 Nov 2022

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