Pavilion Launches as a National Vacation Rental Roll-Up With 5,000 Homes

A new company called Pavilion has launched as a national vacation rental manager built from 20 local operators. It says the group manages more than 5,000 homes and hosts about 50,000 guests a month.

Pavilion calls itself the first founder-owned national vacation rental company. The leaders of each local business stay on as long-term shareholders and, together with Pavilion's management team, own the majority of the company. Each local brand keeps its own founding team. Pavilion provides shared services including technology, data, owner reporting, accounting, revenue management, business development, purchasing and insurance.

The founding names include 30A Vacay, Beach Getaways, Compass Resorts, Maui Paradise Properties, Myrtle Beach Destinations, Salt Water Vacations, Sea Mountain Vacations and Wild Oak Telluride. Four of the 20 companies, Blue Creek Cabins, Destin Pointe Realty, Premium Beach Condos and Rent in Myrtle, have already merged with other members, so the group runs as 16 companies today.

Joe Fraiman is co-founder and chairman, Lino Maldonado is co-founder and CEO, and Brady Stump is a co-founder. The management team has worked at Compass, Bridgewater Associates, Inhabit, Grand Welcome, Wyndham and Wheelhouse. Pavilion came out of Stakeholders, a firm started in 2025 by Brandon Ezra, Joe Fraiman and Brady Stump.

The money comes from TZP Group, funds managed by HPS Investment Partners, part of BlackRock, and Capital Dynamics. PGIM, the asset management arm of Prudential Financial, is the primary lender. Jefferies was exclusive financial advisor and Cooley the legal counsel. No deal size was given.

The company is still recruiting. "We're looking for builders," Stump said of the local operators it wants to add. TZP's Paul Davis said the aim is to keep local knowledge and entrepreneurial leadership while giving members access to resources usually reserved for much larger firms.

For independent vacation rental managers, the pitch is an exit or partial exit that avoids a full sale to a big brand, with the owner staying involved. What the release does not cover is how owners and guests will be handled after shared services take over, or how much equity each local founder actually receives. Private equity backed consolidation of local rental managers has been a steady theme in the segment, and a debt-funded buyer with ongoing recruitment will likely approach more operators in the coming months.