LONDON - Four leading European short-term rental property management companies have today announced a merger of their combined business operations, in order to create a new company for the unified marketing, management and operations of more than 1,700 distinctive properties across 21 destinations in Europe. The new company will operate under a new brand - ALTIDO; with a centralised head office in London, satellite offices in core locations including Lisbon, Milan, Edinburgh and Rome; and a robust strategy to scale globally.
The four companies involved in the merger include BnbBuddy and The London Residents Club; both operating in the United Kingdom, Hintown in Italy and RentExperience in Portugal. All four companies are fast growing, privately owned, profitable and have enjoyed organic growth in their core markets. ALTIDO has immediate plans to expand its operations and develop into new markets across key European locations; expecting to double inventory in the next 12 months.
Davide Ravalli, one of the founders of ALTIDO and CEO of Hintown said, “We are very excited to be combining forces with the other three companies. Between us, we represent a unique route to market with a vision to be a pioneer in the global hospitality industry. Our core focus is on quality for both guests and owners; offering a design-led portfolio of short-term rentals with hotel standard services to match.”
ALTIDO will continue the success of the four founding companies with localised property management and teams on the ground taking care of owner relations, cleaning and maintenance, 24/7 guest communications and heightened guest experience. A key focus for ALTIDO will be on creating a definitive and branded guest experience throughout the customer journey, as well as forging strong and enduring relationships with owners, property investors and partners.
ALTIDO has leading technical capabilities for enhancing operational automation and improving guest experience; ensuring costs for property management are reduced and guests enjoy increased hotel-like services during their stay. The ALTIDO portfolio includes distinctive private rentals, serviced apartments, apart-hotels and guesthouses.
Simon Lehmann, CEO of AJL Consulting and advisor to the merger said; “ALTIDO is bringing a new paradigm for the end-to-end property management and guest hospitality in the global short-term rental industry. One that will change the way the industry is looking at scaling the business of property management and building a totally new approach to consolidation. It is a vision that is global in scope, but local in operation - ensuring that the ‘boots on the ground’ management and branded guest experience are second to none.”
Tags:ALTIDO
