“Over the last four years, LightBay has been a tremendous partner in our mission to create exceptional vacation rental experiences – supporting our expansion while improving margins, driving revenue per unit, boosting customer satisfaction, and elevating our culture,” said Jakob Dwyer, CEO, Awayday. “We’re thrilled to add the strategic and financial support of the Ares team to further strengthen our ability to help great businesses grow and drive value for our partners, investors, and team. I want to thank our entire team for their contributions that have enabled us to achieve this remarkable milestone, and I look forward to the exciting work happening at Awayday and the opportunity to execute our strategy alongside LightBay and now Ares.”

“Awayday’s operating model blends local in-market execution with the benefits of a national property management platform,” said Jordan Smith, Partner in the Ares Private Equity Group. “We believe this combination positions the Company to capitalize on secular tailwinds in the short-term vacation rental industry. We look forward to partnering with management and LightBay in this next phase of growth.”  

“The Awayday team has generated strong momentum through its systematic approach to driving growth and its deep commitment to its customers, owners and communities,” said David Burcham, Partner at LightBay. “We're proud to have built this industry leader with Jakob and his team, and we're thrilled to welcome Ares as our partner, whose expertise and resources will be invaluable as we collectively continue to build and support Awayday.”