Despegar Completes Acquisition of Best Day Travel Group

Strengthening Despegar’s Competitive Advantages in Mexico

Despegar.com, Corp. (NYSE:DESP), (“Despegar”), the leading online travel company in Latin America, today announced that on October 1, 2020 it completed the previously announced acquisition of Best Day Travel Group (“Best Day”), one of the leading travel agencies in Mexico. Best Day is expected to represent a key asset for Despegar, given its strong presence and leading market share in Mexico, particularly in the Hotels, Packages and Other Travel Products segment.

Operating for more than three decades in Mexico, Best Day has built an attractive business, with 95% of its 2019 revenues in the Hotels, Packages and Other Travel Products segment, including a robust B2C offering. Online transactions accounted for about 70% of total sales in 2019. Best Day’s revenues for 2019 were approximately US$140 million.

As disclosed on June 11, 2020 the terms of the transaction were as follows:

  • Base consideration of

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Quinn Residences expands their portfolio with the acquisition of two Build-For-Rent communities in South Carolina | Nachricht

CORAL GABLES, Fla., Sept.30, 2020 /PRNewswire/ — Quinn Residences is pleased to announce the acquisition of two new Build-For-Rent communities in South Carolina. 

New River Forest, will comprise 113 single-family homes, located in Bluffton, South Carolina. New River Forest features three- and four-bedroom homes ranging in size from 1,700 to 1,900 square feet monthly rents starting at $1,850.  Private amenity areas will include a large resort-style pool, playground, and an agility dog park for our furry family members.  This community is well located just outside Palmetto Bluff with access to great dining, shopping and entertainment, minutes from Hilton Head beach.  New River Forest is being developed in partnership with Village Park Homes with the first homes to be delivered in the 1st quarter of 2021.    

Quinn also purchased Harrington Trail, which encompasses 127 single-family homes located in Greenville, South Carolina.  This community is near several

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