London: GuestReady has acquired BnbLord, the largest Airbnb management company in France, to form the GuestReady Group.
The combined company will now become the leading provider in Europe, managing more than 2,000 properties with a wide range of services to property owners, agents, and developers.
GuestReady has looked to set an unprecedented pace in the property management space since its launch in the summer of 2016. The company has since acquired three competitors with BnbLord marking the last and largest acquisition to date.
Founded in 2015, BnbLord operates across several cities in Europe with a particular stronghold in both France and Portugal.
Last year the company generated more than €10m in revenue for its clients. This latest acquisition follows the deals announced by GuestReady in December, when the company acquired Oporto City Flats, the leading short-term rental operator in northern Portugal, and took over the management of the portfolio of French Airbnb manager We Stay In Paris.
Switzerland-based GuestReady Group will now serve more than 2,000 properties through its brands GuestReady, BnbLord, Oporto City Flats, and Easy Rental Services. The services on offer are designed to help turn a vacant home into a thriving listing on Airbnb, whether it is online or offline.
Since this year, GuestReady is also offering business-to-business services to property developers and property agents, allowing them to tap into this fast-growing market.
GuestReady Group co-founder and CEO, Alexander Limpert, explained that technology was the key driver for the company’s growth:
“We are extremely excited about this acquisition because it allows GuestReady to propel forward and become the largest service provider in the vacation rental industry. Since we started, we have been very focused on operational excellence and building a property technology system that allows us to automate non-core processes.
“We can run our large portfolio of properties efficiently thanks to a sophisticated tech platform that we have built in-house over the past years. Without much additional added complexity we can scale our portfolio multi-fold over the coming years,” he added.
As a result of the acquisition, the entire BnbLord team will join the GuestReady Group and all jobs will be maintained, with the founding team of BnbLord taking senior management positions at the newly-formed group.
BnbLord co-founder and CEO, Léo Bonnet, said: “We have been friendly competitors of GuestReady for the past couple of years and we are excited to now join forces. The industry is maturing quickly and we are happy to become part of the technology leaders in this space.
“With our shared experience, we will be able to further accelerate growth,” he added.
The GuestReady Group is now looking ahead to further consolidate the market by partnering with the best local and regional service providers, which Limpert calls “local heroes”.
The company employs around 100 staff across all markets and is currently hiring. For more information, visit the website at www.guestready.com.