Airbnb has acquired Luxury Retreats in a $300 million deal

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Image: Luxury Retreat/ Nelson Gay, Barbados

Airbnb has acquired Luxury Retreats in a deal worth approximately US$300 million. The Montreal-based company specializes in short-term rentals of luxury villas, and Airbnb’s acquisition would marks the Californian company’s foray into the high-end rental market.

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The deal reportedly includes a combination of cash and shares and to date, is one of Airbnb’s largest transactions yet. Established in 1999, the addition of Luxury Retreats to Airbnb’s portfolio willchange the interface of Airbnb’s site, and heighten its appeal to an elite market with the new high-end services.

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Among deluxe accommodations available to Luxury Retreats includes $27,000-a-night mansions with concierge, housekeeping staff and your very own chef. Indeed, over 3,000 properties worldwide are listed on the site, after individual vetting by the company.

“We are always looking to provide our community with access to new and different options, but we have no announcements to make,” said Nick Papas, a spokesman for Airbnb, without making a specific reference to Luxury Retreats.

Other highlights from Luxury Retreats include the opportunity to book your own private island for approximately $80,000-a-night, like Sir Richard Branson’s Necker Island in the British Virgin Islands, which accommodates up to 34 guests.

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