DENVER (WEAU) -- The deal for a Colorado-based travel company to take over Holiday Vacations is complete.
Xanterra Parks & Resorts announced that its acquisition of the Eau Claire-based provider of guided domestic and international travel tours closed on Thursday. There was no word on the financial terms of the agreement. Xanterra said in a news release that Holiday has an excellent reputation in the escorted group tour market and that it is pleased to add the company to the Xanterra portfolio.
Holiday will continue to operate in Eau Claire under the Holiday Vacations name. The company's Director of Worldwide Operations, Greg Barnes, said there are currently about 100 employees at Holiday Vacations. He said that all current employees will keep their jobs. The company is taking applications for about a dozen additional jobs, many of which are tour directors.
"We expect the company to grow," Barnes said. "We're adding positions to handle our expected growth."
The companies announced the plan for for the acquisition last month. Xanterra also runs lodges, restaurants, gift shops, tours and activities at national and state parks. Holiday Vacations has been in business since 1973.