$JZZI acquisition news. Revenue generating properties in VailValley,Colorado and more
JZZ Technologies, Inc. Acquires Portfolio Partners, Inc., and its Subsidiary, Travel Zen Inc.'s Entire Premium Resort Vacation Rental Portfolio
Thu, November 16, 2023 at 8:55 AM EST
In this article:
Anderson, South Carolina--(Newsfile Corp. - November 16, 2023) - JZZ Technologies, Inc.'s (OTC Pink: JZZI) ("JZZ" or the "Company"
has acquired Portfolio Partners, Inc. ("Portfolio Partners), a Florida Corporation and its wholly owned subsidiary, Travel Zen, Inc. ("Travel Zen"
. In a transaction that will provide for JZZ to operate and manage the assets of Travel Zen, JZZ has acquired 100% of the outstanding shares and assets of Portfolio Partners, Inc., including Travel Zen, Inc.
Travel Zen has emerged as a significant player in the vacation rental space. The company owns over 60 deeded vacation rental timeshare weeks, including spring break weeks in some of the most sought-after resorts in the Vail Valley in Colorado. Most of these units are located in Avon, Colorado, providing easy access to the desirable Beaver Creek and Vail ski resorts. Participating resorts include the Sheraton Mountain Vista, Falcon Point Resort, and the Sheraton Lakeside Terrace.