Vacatia Announces Acquisition of Berkley Group, One of the Nation’s Largest Resort Developers

Thursday, January 2, 2025

Vacatia, Inc., a leader in customer-focused solutions for timeshare resorts, has announced its acquisition of The Berkley Group, Inc., one of the nation’s largest resort developers, along with Daily Management, Inc., a comprehensive property management company focused on vacation ownership resorts.

This strategic acquisition unites Vacatia’s expertise in technology, product innovation, and rental solutions with Berkley and Daily Management’s deep experience in resort sales, development, and management. Both Berkley and Daily Management will continue their existing operations and locations. Together, their combined workforce of over 2,500 associates will serve more than 460,000 owners and oversee management of over 11,000 units across 13 states, including Berkley’s Vacation Village Resorts properties.

“With this transaction, we are excited to expand our comprehensive suite of solutions for independent resorts to drive new owner growth, increased rental revenues, impactful customer benefits, and property renovations,” said Caroline Shin, CEO of Vacatia. “Our companies share the same passion of providing our customers with outstanding value and memorable experiences that come with staying at independent resorts with a strong sense of community and identity.”

“For over four decades, Berkley and Daily Management have pioneered well-known sales and management programs that are now mainstays in the timeshare industry. With Vacatia, we are going back to our entrepreneurial roots. I am excited to usher in the next chapter of our evolution for our Owners and colleagues,” said Rebecca Foster, retiring Chairman of the Board of Berkley.

The transaction was financed in partnership with certain affiliates of Fairfax Financial Holdings Limited.

“We are delighted to partner with Vacatia in its acquisition of Berkley and Daily Management,” said Wade Burton, President and Chief Investment Officer at Hamblin Watsa Investment Counsel Ltd., the investment manager on behalf of Fairfax. “The Vacatia team, led by Caroline Shin, has a long track record of success in property acquisition, management and development, and we think they will be terrific stewards of the Berkley business in the future.”