Global short-term rental company GuestReady has acquired BnbLord, the largest Airbnb management company in France, to form the GuestReady Group.
The combined company will manage more than 2,000 properties with a wide range of services provided to property owners, agents and developers in Europe.
GuestReady has acquired three competitors since its launch in 2016, with BnbLord marking the last and largest acquisition to date.
This purchase follows the deals announced by GuestReady last December when the company 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.
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 €10 million in revenue for its clients.
Switzerland-based GuestReady Group now serves more than 2,000 properties through its brands GuestReady, BnbLord, Oporto City Flats and Easy Rental Services. The services on offer include everything that is required to turn a vacant home into a listing on Airbnb, online and offline.
This year, GuestReady is also offering business-to-business services to property developers and property agents, allowing them to tap into the market.
Alexander Limper, co-founder and chief executive officer of the GuestReady Group, explained that technology is the key driver for the company’s growth. He said: “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,” he added. “Without much additional added complexity, we can scale our portfolio multi-fold over the coming years.”
The BnbLord team will join the GuestReady Group, taking senior management positions.
Léo Bonnet, co-founder and chief executive officer of BnbLord, said: “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.”