New York, October 5, 2026 / PRNewswire / -- The national vacation rental company Pavilion was officially launched today. The company stated that there are currently 20 local companies joined, managing over 5,000 properties, and receiving about 50,000 guests monthly across the United States.
Pavilion brings together successful vacation rental companies that have established strong relationships with local owners in their respective markets and possess local expertise. The local teams of each company will continue to lead the operations, while also benefiting from the resources and scale support of a larger organization. What makes Pavilion unique is its ownership structure: the heads of the local companies under it will become long-term shareholders and, together with the team that operates Pavilion itself, hold the majority of the company's equity.
"What we're looking for are local companies that have established excellent relationships with property owners, because these relationships are the core of this business," said Lino Maldonado, co-founder and CEO of Pavilion. "We treat property owners as business owners. Our job is to provide them with the best services, technology, and talent in the industry, so that their businesses will be more valuable next year than they are today."
" Pavilion allows me to continue developing my own business while also holding shares in a larger company," said Myrtle Beach Destinations, the founder of Steven Chrobak. "We have the tools and support we need for growth, and the only change that my landlords noticed is that we are doing better."
Pavilion is currently actively seeking more local vacation rental companies from all over the United States. “We are looking for builders,” said Pavilion, co-founder Brady Stump. “Those teams that have built excellent businesses in their local markets and wish to significantly expand their scale with the help of resources. They are joining a community of pioneers, where everyone jointly owns the company, shares effective experiences, and solves problems together as a team.”
The investors of Pavilion include TZP Group, an investment fund managed by HPS Investment Partners (which is affiliated with BlackRock), as well as Capital Dynamics. Prudential Financial and Inc. The global asset management business of NYSE (PFI) serves as the main lender for the Pavilion platform. TZP Group partner Paul Davis stated: "Excellent hotel and service companies should not be forced to make a choice between their unique characteristics and scale advantages. The original intention of Pavilion was to allow these companies to access resources that are usually only available to larger corporations, while preserving the local knowledge, hospitality, and entrepreneurial spirit on which their success relies."
The 20 founding local companies of Pavilion include 30A Vacay, Akers Ellis, Beach Getaways, Blue Creek Cabins, Compass Resorts, Destin Pointe Realty, Enjoy Unique Stays, Executive Villas, Host & Keep, Kabino, Maui Paradise Properties, Myrtle Beach Destinations, Panhandle Getaways, Premium Beach Condos, Rent, in, Myrtle, Salt Water Vacations, Scenic Stays, Sea Mountain Vacations, Vacay Rental Network, and Wild Oak Telluride. Blue Creek Cabins, Destin Pointe Realty, Premium Beach Condos, and Rent as well as in and Myrtle have merged with one of the other local companies; therefore, the group currently operates with 16 companies.
Jefferies LLC serves as the exclusive financial advisor, while Cooley LLP acts as the legal counsel.
About Pavilion
Pavilion is a national vacation rental company majority-owned by its operators. Its 20 local companies manage over 5,000 properties at vacation destinations across the United States, welcoming approximately 50,000 guests each month. Pavilion provides these companies with shared technology, data, infrastructure, and professional capabilities, while allowing each to maintain their own local teams and leaders. Pavilion was founded by Stakeholders, and Stakeholders was established in 2025 by Brandon Ezra, Joe Fraiman, and Brady Stump with the aim of creating a nationally recognized enterprise owned by its operators. For more information, please visit pavilioncollection.com. To learn about Stakeholders, please visit stakeholders.us.
About TZP Group
TZP Group is a multi-strategy investment firm that manages approximately $2 billion in fund assets, focusing on investments in technology, business services, and consumer goods companies, covering holdings, growth equity, debt, and structured capital investments. TZP was established in 2007 with the goal of becoming the "preferred partner" for business owners and management teams by collaborating with companies that have a track record of stable performance and sustainable business models. TZP primarily invests in private companies that are closely held by their owners, who wish to retain a significant portion of the equity. The firm collaborates with investors possessing complementary operational and financial capabilities to accelerate company growth, enhance profitability, and maximize the value of their retained equity. TZP leverages the operational and investment experience of professional investors to provide strategic and operational guidance, committed to creating long-term value. The investment in Pavilion by Paul Davis, Geoff Allard, Alex Pfeffer, and Sam Dwinell is led by these firms. For more information, please visit www.tzpgroup.com.
About Capital Dynamics
Capital Dynamics is an independent global asset management company that focuses on private assets, including private equity (primary market, secondary market, and direct investment), as well as clean energy.
The company was established in 1988 and possesses extensive experience and knowledge, providing tailored solutions for a diverse range of global institutions and private wealth investors. Capital Dynamics manages and advises on assets worth over $15 billion, and employs approximately 150 professionals across 14 offices in Europe, North America, and Asia.
Capital Dynamics is recognized as a leader in the field of responsible investing, having received the highest rating (five stars) in all categories and investment strategies at PRI. Its clean energy strategy has also performed outstandingly in the evaluations conducted by GRESB. For more information, please visit: www.capdyn.com.
About PGIM
PGIM is the global asset management business of PFI (NYSE : PRU), with an asset management scale of 1.5 trillion US dollars. PGIM provides customers with profound professional capabilities in both public and private asset categories, offering diversified investment strategies and customized solutions, including fixed income, equities, real estate, and alternative investments. PGIM has over 1,500 investment professionals in 40 offices across 20 countries, serving retail and institutional clients worldwide. For more information, please visit pgim.com.
The PFI in the United States has no association with the Prudential and plc registered in the UK, nor with the British subsidiary Prudential Assurance Company of M&G plc. For more information, please visit news.prudential.com.
As of June 30, 2026. Managed assets are calculated based on the total committed amount as of the final fundraising completion date of all currently managed funds, including allocated amounts. Advisory assets include those for which Capital Dynamics provides services such as reporting, monitoring, and risk management. 2 This includes all full-time and part-time employees, as well as temporary staff and long-term consultants who perform key functions. 3 As of June 30, 2026. Assets are rounded to the nearest whole number.
SOURCE Pavilion
21%
