Property manager GuestReady boosts global portfolio with European acquisitions

Airbnb management company GuestReady has added 100 new homes to its portfolio with two deals on the Continent.

The Westminster-based firm has acquired Portuguese short-term rental operator Oporto City Flats and signed an agreement to take over the portfolio of French Airbnb manager We Stay In Paris.

GuestReady, which now looks after more than 1,000 Airbnb properties, said the two deals have cemented its position among the world’s top three Airbnb management businesses.

It maintains a presence in six countries by providing services to luxury rental hosts across London, Manchester, Edinburgh, Cannes, Paris, Lisbon, Porto, Dubai, Hong Kong and Kuala Lumpur.

Alexander Limpert, co-founder and CEO of GuestReady, said: “We’re in a really exciting stage at GuestReady.

“These deals in Portugal and France give us the chance to take the high level of service we offer to a greater number of hosts looking to have peace of mind while managing their short-term lets.”

Alexander continued: “From day one, our top priority was to make sure we offered the best Airbnb experience to property owners and travellers.

“This was only possible through a technology-first approach as tech allows us to streamline and automate processes, enabling us to focus on delivering superior guest experiences and host services.”

Oporto City Flats’ co-founder and general manager, Miguel Martins dos Santos, commented: “We built a strong business over the last years but reached a level where technology became the limiting factor to scale further.

We are impressed by GuestReady’s technology that allows the business to scale rapidly while increasing guest ratings and returns for property owners. We look forward to assisting GuestReady in Portugal to guarantee continuity and to bring new properties on board.“

GuestReady was founded in 2016. The firm has raised $3.7m (c.£2.93m) from angel investors and seed-stage funds to date, with backers including Impulse VC and Boost Heroes.