Sale of Vacation Rental Management

12 Months Ended

Dec. 31, 2019

Sale of Vacation Rental Management

Sale of Vacation Rental Management

8. Sale of Vacation Rental Management

In December 2017, the Company entered into and consummated the PCR Purchase Agreement with PCR for the sale of the Company’s short term vacation rental management business. In December 2017, the Company completed the sale to PCR for approximately $9.9 million, which resulted in a net gain of $9.8 million.