Wyndham acquires LoveHomeSwap in £40 deal

Published on : Monday, July 31, 2017

woskowLoveHomeSwap, a UK-based sharing economy start-up has been sold to Wyndham Worldwide in a £40 million deal.

 

The founder and chief executive of LoveHomeSwap, Debbie Wosskowis entered into an agreement with the US giant two years after the company invested in the sharing economy start-up.

 

Wyndham Worldwide is the parent company of Ramada, Travelodge and Hoseasons.

 

LoveHomeSwap was founded in 2011 by Wosskow as a subscription service that enabled users around the world to remain connected for properties related deals.

 

Wosskow who will be known as the most successful entrepreneurs in Britain’s sharing economy deal said that they wanted to be home exchange what Airbnb is to peer-to-peer rentals.

 

In June 2015 Wyndham invested £7.5 million for an undisclosed minority stake in LoveHomeSwap.

 

 

The UK company grew its global ambition with the acquisition of Dutch based HomeForExchange in 2015, it provided the company with an inventory of more than 100,000 properties.

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