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.
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“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.
Executive Interview: Airbnb
Jeroen Merchiers, managing director for EMEA at
Airbnb, speaks at Phocuswright Europe 2019