Pavilion Launches as the First Founder-Owned National Vacation Rental Company
PR Newswire•05/10/2026•13:19 ET
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Key Highlights
- ➤Pavilion launches with 20 local companies managing more than 5,000 homes
- ➤Pavilion welcomes approximately 50,000 guests monthly across the United States
- ➤Local-company leaders and Pavilion management own the majority of the business
- ➤Pavilion investors include TZP Group, HPS Investment Partners and Capital Dynamics
- ➤PGIM served as primary lender for the Pavilion platform
Expert Statements
Joe Fraiman, Co-founder and chairman of Pavilion
“The people who built these businesses are the core of Pavilion, and they should get the biggest share of the outcome.”
Joe Fraiman, Co-founder and chairman of Pavilion
“The typical industry playbook left founders with a small piece of someone else's company. We've been founders in this industry ourselves, so we built the company we would have wanted to join.”
Lino Maldonado, Co-founder and CEO of Pavilion
“We look for local companies that have built incredible relationships with their property owners, because those relationships are the heart of this business.”
Lino Maldonado, Co-founder and CEO of Pavilion
“We see property owners as business owners. Our job is to put the best service, technology and people in the industry behind them so their business is worth more next year than it is today.”
Steven Chrobak, Founder of Myrtle Beach Destinations
“Pavilion gave me a way to keep building my business while owning a piece of something much bigger.”
Steven Chrobak, Founder of Myrtle Beach Destinations
“We have the tools and support we need to grow, and the only thing my homeowners have noticed is that we've gotten better.”
Brady Stump, Co-founder of Pavilion
“We're looking for builders.”
Brady Stump, Co-founder of Pavilion
“People who have built something exceptional in their market and want the resources to make it substantially bigger. They are joining a collection of pioneers who own the company together, share what works, and solve problems as a team.”
Paul Davis, Partner at TZP Group
“Great hospitality companies shouldn't have to choose between what makes them special and the advantages of scale.”
Paul Davis, Partner at TZP Group
“Pavilion is designed to preserve the local knowledge, hospitality and entrepreneurial leadership that made these companies successful while giving them access to resources that are typically only available to much bigger companies.”
Pavilion Launches as the First Founder-Owned National Vacation Rental Company PR Newswire
20 locally led companies managing more than 5,000 homes come together to share infrastructure, technology and data, all under one roof.
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