High-end vacation rental management firm Resortigo is taking a trip to one of the newer office complexes in the Irvine Spectrum.
The startup said it has inked a lease to take about 4,600 square feet of office space at The Quad at Discovery Park.
The mid-rise office campus is near the intersection of Sand Canyon Boulevard and the Santa Ana (5) Freeway, and was built by Irvine Co.; the complex opened last year.
The Resortigo space is for one of the last remaining spots available for lease at the complex.
Resortigo’s spot at the 500 Technology Drive office should be able to hold about 30 employees.
Company Vice President Joseph Barglowski said Resortigo will be among the first tenants in the recently constructed Irvine Co. building, and will be moving in this summer.
Resortigo uses its technology platform to help homeowners lease their second or third homes, and monetize their vacation rental property when they aren’t being used.
The company handles property listings on vacation rental sites like VRBO and Airbnb, and then takes care of everything from cleaning and photography to guest interaction and maintenance, for a flat 15% fee.
It also works with Expedia and TripAdvisor, according to its website.
Resortigo has listings in markets all over the country, and company officials said they are on track to be managing over 120 properties by the end of this year.
The startup was spun out of parent company ResortShare last year, and had been operating out of that company’s space near John Wayne Airport. It currently has six employees. Its funding totals to date are undisclosed.
Barglowski said the company will be hiring for a variety of positions in the new OC location, including developers and customer service specialists.
Vacation Season
Resortigo isn’t the only upstart firm in the area involved in the vacation rental industry.
Also based in Irvine: BookingPal, a cloud-based travel technology company that provides a distribution system and a booking platform for vacation rental properties.
BookingPal raised $12 million in funding in March, and now has over $20 million raised since its founding in 2013.
The latest round was led by Valor Capital Group.
The round included participation from Altabix, the corporate venture capital fund of Mexican hotel franchise Hoteles City Express, as well as continued participation from investors such as Spanish VC Amadeus Ventures, Boston-based PAR Capital Management, and Silicon Valley-based Plug and Play Ventures.
BookingPal’s technology allows property management companies to list and monitor for-rent properties across multiple vacation rental sites such as Airbnb, Booking.com and HomeAway.
Chief Executive Alex Aydin told the Business Journal earlier this year that demand for alternative accommodations and rentals continue to grow, and Valor invested because it recognized the opportunity.
“Property management is a very fragmented space—there are hundreds of companies,” he said. “We are always continuing to add [customers], so more of their users can have access to our services.”
More than 30 vacation portal sites can be connected by using the company’s product, according to BookingPal’s website.
The company was founded in 2013 by Aydin, who launched several other startups including Santa Ana-based mortgage loan comparison platform Icanbuy, which was acquired by Calabasas-based Informa Research Services in 2012. Details of that deal are undisclosed.
Aydin was also a founder of Irvine-based Procom Technology, a computer component manufacturer whose intellectual property rights and assets were acquired by former Santa Clara-based computer company Sun Microsystems in 2005 for $50 million.
Notable BookingPal board members include Mark Moshayedi, managing partner and founder at Irvine-based real estate investment company Space Investment Partners.
He’s also a founder of Santa Ana-based storage device maker STEC Inc., which was acquired by Irvine’s Western Digital in 2013 for $340 million.
