Global short-term rental company GuestReady has acquired BnbLord, a France-based Airbnb management company, to form the GuestReady Group.
The combined company will manage more than 2,000 properties in Europe, providing a range of services to property owners, agents and developers.
GuestReady has been setting an unprecedented pace in the property management industry since its launch in the summer of 2016, having 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 dominant presence in France and Portugal. Last year the company generated more than EUR 10 million in revenue for its clients.
This acquisition follows last December’s announcements of when GuestReady acquired Oporto City Flats, a 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 now serves more than 2,000 properties through its brands GuestReady, BnbLord, Oporto City Flats and Easy Rental Services. Its services include everything within the process of transforming a vacant home into a listing on Airbnb, online and offline.
Since this year, GuestReady is also offering B2B services to property developers and property agents, allowing them to tap into this fast-growing market.
Alexander Limpert, co-founder and chief executive officer (CEO) of GuestReady Group, said: “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.”
BnbLord’s team will join the GuestReady Group and all jobs will be maintained, with the founding team of BnbLord taking senior management positions.
Léo Bonnet, co-founder and CEO of BnbLord, 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 leader in this space.
“With our shared experience we will be able to further accelerate growth.”