GuestReady expands in Portugal and France

George Sell By George Sell
13 December 2018 | Updated 13 December 2018

UK: Short-term rental management company GuestReady has acquired Oporto City Flats and will manage the portfolio of French Airbnb manager We Stay In Paris.

The deals add 100 new homes to GuestReady's portfolio, growing its property list to more than 1,000.

With a head office in London, GuestReady is present in six countries across Europe and Asia: it provides Airbnb-management services to luxury rental hosts in London, Manchester, Edinburgh, Paris, Cannes, Porto, Lisbon, Dubai, Kuala Lumpur, and Hong Kong. The company is currently in talks regarding expanding operations to other markets

Alexander Limpert, co-founder and CEO at 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. 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."

Miguel Martins dos Santos, co-founder and general manager of Oporto City Flats, said: "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."

Grégoire Benoit, co-founder of We Stay In Paris, added: "We engaged with several players in the process of finding a solution for our owners. In the end, we chose GuestReady as they are the industry leaders in terms of service quality. Also, we really liked their team and are looking forward to seeing our portfolio of premium homes thrive under the GuestReady brand."

Launched in 2016 by a team consisting largely of former Rocket Internet executives, GuestReady uses technology to enable its personalised style of property management. To date, it has raised a total of $3.7 million from angel investors and seed stage funds such as Impulse VC, Swiss Founders Fund (SFF), Boost Heroes, and Senn & Partners.

The company won the 2018 Serviced Apartment Award as the Best Service Provider; was named one of the Hot 25 Startups for 2019 by Phocuswire and Voyager HQ; and was number 13 in the Startups 100 Ranking.

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