Airbnb buys Luxury Retreats to offer more luxurious villas for your vacation

“From airbeds in an apartment to castles to villas, Airbnb has always been focused on providing a broad range of amazing experiences and trips,” said Airbnb’s co-founder and CEO Brian Chesky in a statement. And now, that range is growing even more expansive with the addition of Luxury Retreats’ properties. The company promises “high-quality listings, world class concierge service, and a range of amenities and the acquisition [that] will complement Airbnb’s work.”

For the time being, Luxury Retreats will maintain its status as a standalone company, but as its relationship with Airbnb deepens over time, the Montreal-based company’s listings will be highlighted and added to Airbnb’s database. And yes, that includes rentals like an eight-bedroom villa in Turks and Caicos or this 14-person villa in Tuscany.

This deal will be Airbnb’s largest to date, and Bloomberg reports that the company spent $300 million on its acquisition. But Luxury Retreats is certainly helping the San Francisco firm bulk up in an area where it has a bit less variety — while Airbnb has more than 3 million listings, only a small percentage of them are deemed castles. Luxury Retreats, then, will help diversify its offerings.

“Airbnb has revolutionized global hospitality, connecting a vibrant community of hosts and guests to deliver a tremendous amount of unique travel experiences,” said Luxury Retreats Founder and CEO Joe Poulin. “We are thrilled to join the Airbnb family with a continued commitment of delivering quality, luxury travel experiences.”