Donuts Reports Highest New gTLD Domain Sale to Date - Vacation.Rentals at $500,300

JulienJ

Member
Donuts Inc., the world's largest operator of new generic top level domain registries (new gTLDs), announced a record-breaking sale for that category this morning after closing a $500,300 all cash transaction for Vacation.rentals. The sale was brokered by Brooke Hernandez, senior domain broker at Uniregistry. The buyer was VacaRent LLC, a newly formed company led by veterans in the vacation rental space. The founders include longtime resort owners and entrepreneurs Michael and Handan Kugler, Marshall Hart, William Whelpley, ITM Investments, Kalus Enterprisesand Jim and Wendy Sherrill.

The Kuglers, who operate Hunter's Friend Resort in Branson. Missouri, have 14 years of experience in the short term rental market. Michael Kugler, who is VacaRent's CEO, said "While online rentals are well established, there is a growing unfulfilled need with property owners. We aim to give owners the best online destination for them to easily market their properties. The term "vacation rentals" is THE most frequently searched term online for vacation properties; it's a name I've had my eye on for a while and finally it's our brand. We're excited to leverage our name and our website to benefit both property owners and vacationers."

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