MCLEAN, Va., July 27, 2021 /PRNewswire/ -- Nocturne Luxury
Villas ("Nocturne" or the "Company"), together with Gladstone
Investment Corporation (NASDAQ: GAIN) ("Gladstone Investment"),
acquired St. Barth Properties, Inc., a leading villa rental manager
on the island of Saint Barthélemy in the French West Indies, and
its sister company, St. Barth Dream Vacations (DBA St. Barth
Properties – St. Barth), based in Gustavia, SBH. This
investment is the second in as many months by Nocturne who last
month announced its acquisition of Exceptional Stays based in
Telluride, CO.
St. Barth Properties was founded in 1989 by Peg Walsh, who is recognized by Condé Nast
Traveler as the definitive expert for St. Barth, and represents
more than 250 luxury properties for rent on the iconic, eponymous
island known as the French Riviera of the Caribbean. A pioneer
in the vacation rental industry, Ms. Walsh was joined in the
business in 1992 by her son, Tom
Smyth, who will become President of St. Barth Properties as
well as a senior member of the Nocturne executive management
team.
Scott Simmons, Nocturne Chief
Executive Officer, commented: "I have known and admired Peg and Tom
for many years. They've assembled a dynamic team and built a
great business, fueled by a passion for the island they love and a
dedication to five-star hospitality, as well as exceeding guest and
homeowner expectations. We're thrilled to now be working with
them."
Tom Smyth, President of St. Barth
Properties, added: "Peg and I are proud of our team and the
business they've helped us create and we believe that Nocturne is
the ideal new home for St. Barth Properties. We share their
vision and look forward to being part of it."
Peter Roushdy, Executive Vice
President and Managing Director of Gladstone Investment's
investment adviser, observed: "There are no two better markets from
which to launch the Nocturne luxury villa rental platform than St.
Barth and Telluride and there are
no two better companies in these markets than St. Barth Properties
and Exceptional Stays."
Gladstone Investment partnered with Aureus Capital and members
of the Company's executive management in the formation of Nocturne,
a platform for acquiring and integrating luxury vacation rental
management companies. Nocturne was founded by Scott Simmons, Marshall
Calder and Carl Colletti,
Nocturne's Chief Executive Officer, President and Chief Financial
Officer, respectively.
For additional information, visit: www.nocturneluxuryvillas.com
or contact the Company at: info@nocturneluxuryvillas.com
Media Contact:
Stephanie Loeber
Loeber Communications
E: Stephanie@loebercommunications.com
P: 617.510.0577
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SOURCE Nocturne Luxury Villas