Luxury travel company Red Savannah has acquired Homebase Abroad, a 26-year-old U.S. company that specializes in the Italian villa market.
The deal, announced Monday, is the first acquisition by U.K.-based Red Savannah and expands both its U.S. client base and its luxury villa portfolio, the company said.
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"We have looked at several opportunities over recent years but Homebase Abroad was the first business we felt was properly aligned from both a philosophical and demographic standpoint," said George Morgan-Grenville, Red Savannah's founder and CEO. "We are very excited about this acquisition, which offers stunning new villa options in Italy to our clients and a vastly expanded portfolio of luxury villas and custom vacations to Homebase Abroad's clients."
With the acquisition, Marblehead, Mass.-based Homebase Abroad will continue to oversee all villa vacations booked for 2021. Beginning in January, all Homebase Abroad bookings will transition to Red Savannah, with Homebase's founder and director, Mara Solomon, remaining closely involved as a Red Savannah Ambassador, the company said.