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UK: Teeside-based short-term rental management company Host & Stay has purchased Peak Staycations and Peak Cottage Management – marking its fifth acquisition of 2024.
The acquisition adds 46 coastal and rural properties in the Peak District to Host & Stay’s expanding portfolio of 1,500+ exclusively managed homes.
Peak Cottage Management was established in 2021 with the purpose of delivering backend management services to local cottage owners. In 2022, the business expanded to include Peak Staycations, which provides booking generation and guest services.
The integration of Peak Cottage Management’s service into Host & Stay’s existing in-house housekeeping services will enable the company to offer a comprehensive management solution in the Peak District, driving immediate organic growth in the popular holiday destination.
Mark Clark, founder of Peak Staycations and Peak Cottage Management, said: “It’s been an incredible journey building Peak Staycations and Peak Cottage Management into what they are today. Joining the Host & Stay family is a natural next step for the business, and I’m confident their expertise and resources will take it to new heights and add real value to our owners.
“The Host & Stay team share our commitment to delivering an exceptional service to both property owners and guests, and I’m excited to see how the business evolves under their leadership and strategy,” he added.
Dale Smith, CEO of Host & Stay, said: “The addition of Peak Staycations and Peak Cottage Management to the Host & Stay family is a significant milestone in our journey to expand into the UK’s most sought-after holiday destinations.
“The Peak District is a thriving market, and we see tremendous potential to enhance revenue and optimise property performance for owners in the area through our proven strategies. Mark and his team have built a fantastic business, and we’re excited to build on this foundation as we integrate their portfolio into ours.
“This acquisition aligns perfectly with our goal of delivering exceptional stays for guests and outstanding results for property owners,” he added.
It follows Host & Stay’s acquisitions of Guest Homes [Worcester] and Hartland Property Management [Milton Keynes] last month and Norfolk Holiday Properties [Norfolk] and Airhost for You [Brighton] in September. Its previous purchases include Liverpool-based property management company Host So Simple and Canterbury-based operator Blue Fox Rentals.
Two months ago, the company also received £10.5 million in investment from consumer-specialist investment firm Growth Partner. The investment is set to go towards continuing Host & Stay’s rapid growth in the UK and supporting its buy-and-build strategy.
