More expansion for GuestReady with acquisition of competitor BnbLord

Less than four months after its last acquisitions, GuestReady - one of PhocusWire’s Hot 25 Startups for 2019 - is taking over another of its competitors, this time Paris-based BnbLord.

In December, the Switzerland-based short-term rental company acquired Oporto City Flats, a short-term rental operator in northern Portugal, and took over management of the portfolio of We Stay in Paris, a French property manager.

With this latest acquisition, the company is also announcing the creation of the GuestReady Group, comprising all GuestReady, BnbLord, Oporto City Flats and Easy Rental Services and serving more than 2,000 properties in Europe.

“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,” says Alexander Limpert, co-founder and CEO of the GuestReady Group.

“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.”

Last year, BnbLord generated more than €10M in revenue for its clients. The BnbLord team will remain in senior management positions with the GuestReady Group.

“We have been friendly competitors of GuestReady for the past couple of years, and we are excited to now join forces,” says Léo Bonnet, co-founder and CEO of BnbLord.

“The industry is maturing quickly and we are happy to become part of the technology leader in this space. With our shared experience we will be able to further accelerate growth.”

Launched in 2016, GuestReady has raised a total of $3.7 million from angel investors and seed stage funds in two rounds.