TZP Group Makes Strategic Investment in Pavilion, the First Founder-Owned National Vacation Rental Company

20 locally led companies managing more than 5,000 homes come together to share infrastructure, technology and data, all under one roof.

New York, NY – October 5, 2026 – TZP Group (“TZP”) announced today that it has made a strategic investment in Pavilion (“Pavilion” or the “Company”), the first founder-owned national vacation rental company. Pavilion launched today with 20 local companies managing more than 5,000 homes and welcoming approximately 50,000 guests each month across the United States.

Pavilion is a natural extension of TZP’s experience investing in property management and hospitality businesses. TZP’s current and prior investments in these sectors include Pyramid Hotel Group, one of the largest independent third-party hotel management companies; Pure HomeRiver, the leading national property management firm serving owners of single-family and multi-family rental units; BQ Resorts, a fully integrated vacation ownership company; Family Entertainment Group, a designer, developer and operator of amusement centers that partners with family-oriented resorts; and Vegas.com, a leading direct-to-consumer e-tailer of show tickets to shows in Las Vegas that also operates lodging and travel booking services.

“We are thrilled to partner with Co-Founders Joe Fraiman, Brady Stump, Brandon Ezra and Lino Maldonado as well as the founders of Pavilion’s local companies to build the first founder-owned national vacation rental company,” said Paul Davis, Partner at TZP. “We look forward to bringing TZP’s experience scaling property management and hospitality platforms, along with our travel and demand-generation expertise, to support the team as they grow across the country.”

“TZP has significant experience in hospitality, property management and travel and shares our vision of building a national company owned by the people who run it,” said Co-Founder and Chairman Joe Fraiman.

“We look for local companies that have built incredible relationships with their property owners, because those relationships are the heart of this business,” said Co-Founder and CEO Lino Maldonado.

Pavilion is actively seeking more local vacation rental companies across the country. “TZP’s experience partnering with founders and scaling businesses through acquisitions will help us bring more exceptional local companies into Pavilion,” said Co-Founder Brady Stump.

The TZP deal team comprised Paul Davis, Geoff Allard, Alex Pfeffer and Sam Dwinell. Akerman LLP acted as legal advisor to TZP.

About Pavilion

Pavilion is a national vacation rental company majority-owned by the people who run it. Its 20 local companies manage more than 5,000 homes and welcome approximately 50,000 guests each month in vacation destinations across the United States. Pavilion gives those companies shared technology, data, infrastructure and expertise while keeping the local teams and leaders behind each one. Pavilion was founded by Stakeholders, the firm Brandon Ezra, Joe Fraiman and Brady Stump started in 2025 to build national companies owned by the people who run them. For more information, visit pavilioncollection.com.

About TZP Group

TZP Group, a multi-strategy investment firm with approximately $2.5 billion in assets under management, based on the Form ADV filed in March 2026, is focused on control, growth equity, debt and structured capital investments in technology, business services, and consumer companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely held, private companies in which the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.

Media Contact

Dan Gaspar, Partner, TZP Group, dgaspar@tzpgroup.com