Expansion Continues: Condo-World Announces Acquisition of CondoLux

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Acquisition provides Condo-World with increased market share in prominent North Myrtle Beach oceanfront properties.

Condo-World

CondoLux acquired by Condo-World

This purchase will allow Condo-World to expand our offerings to our homeowners, guests and partners through consolidated marketing efforts and market share in our most prominent buildings.

Condo-World, a leading provider of oceanfront condo rentals in North Myrtle Beach, S.C., announced today that it has completed the acquisition of CondoLux, a rental management company from the same origin. This purchase is complementary to Condo-World's current inventory, and will boost the company's portfolio to more than 500 oceanfront condos.

Over the past 35 years, both companies have played significant roles in growing the demand for condo vacation rentals among visitors to the Myrtle Beach Grand Strand area. Now under one umbrella, CondoLux homeowners will benefit from Condo-World's industry-leading marketing and revenue management, supported by award-winning property care services.

Condo-World has pioneered a unique strategy for growth in recent years, by leveraging their proprietary technology alongside an aggressive marketing plan to grow the brand's exposure as a regional and national condo rental booking site. While Condo-World's managed inventory is based in North Myrtle Beach, this hybrid-OTA model has allowed the company to offer their loyal guests a wider range of accommodations through strategic partnerships with preferred resorts and rental companies outside their home base. This enhanced exposure has created a successful trajectory for the future of the company.

"CondoLux has been a top competitor and valued member of the business community for many years. There are distinct similarities between the two companies which made this acquisition a perfect fit - mostly, the overlap of shared inventory within North Myrtle Beach's most popular condo resorts," said Roy Clyburn, Founder & President of Condo-World. "They also use our proprietary software, RPM, which makes the technical side of the integration a fairly seamless process. This purchase will allow Condo-World to expand our offerings to our homeowners, guests and partners through consolidated marketing efforts and enhanced market share in our most prominent buildings. The future is bright for all involved!"

Condo-World looks forward to integrating CondoLux units into their sales and marketing efforts, and welcoming their homeowners to the new company.

About Condo-World
Founded in North Myrtle Beach in 1985, Condo-World has established itself as the preeminent source for condo rentals in one of the country’s most competitive tourism destinations. Condo-World manages approximately 500 oceanfront condos, beach homes and golf course villas in North Myrtle Beach, and is a marketing channel for select partner resorts and rental companies in Panama City Beach, Destin, South Walton, Orlando, Hilton Head Island, Pigeon Forge and Gatlinburg. Condo-World is committed to superior performance in each vital business discipline, including friendly and courteous customer service; through quality accommodations and continuous improvement; and by empowering its employees always to act in the best interest of our guests. The fulfillment of this mission is intended to enrich, in all ways, its customers, employees and their families, homeowners, shareholders and the community in which it operates. For more information, visit Condo-World.com

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Alex Husner
@CondoWorld
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