Guesty, a NYC-based property management software platform for the short-term rental and hospitality industry, acquired Rentals United, a Barcelona, Spain-based provider of a cloud platform to distribute and promote properties across multiple listing sites.
The amount of the deal was not disclosed.
The acquisition combines two software providers in the STR space to create a consistent offering that opens up new revenue opportunities for property managers. Rentals United will retain its independence and continue to operate as a standalone business with its executive team leading its operations and development. Business will be conducted as usual for Rentals United’s customers and partners.
Established in 2015 and led by James Burrows, CEO, Rentals United empowers vacation rental managers to market and manage properties across 60+ listing sites. Its channel manager integrates with 100+ technology providers, offering innovative tools for channel optimization. This includes an AI-powered data platform for property performance analysis and personalized recommendations. The company employs 100 people with offices in Spain and Poland.
Rentals United’s platform has been available to Guesty’s customers through its integration marketplace for several years and both companies are long-time industry partners with a shared vision for excellence in the short-term rental industry.
Amiad Soto, CEO & Co-Founder, Guesty is a platform for short-term rental businesses to automate and optimize every aspect of their operations. Its PMS (Property Management System) serves enterprise and SMB property managers as well as individual hosts, providing a full-stack solution with all the necessary tools to manage the entire rental journey. Integrating across all property management functions, the company’s software platform helps property managers advertise and manage their vacation or short-term rental properties, delivering enhanced guest experiences through an intuitive user experience and open API capabilities. Its complete suite of features and 200+ industry partners, include major booking OTAs like Airbnb, Vrbo, booking.com, Tripadvisor, Expedia, Hopper, Google Travel, Home & Villas by Marriot, and many more. Today, the company has 15 offices and 750+ team members across the globe.
This acquisition follows Guesty’s recent $130M Series F funding round led by KKR. Since 2022, Guesty has acquired marketing distribution solution Staysense, hospitality software companies Kigo and Hirum, and YieldPlanet, a hotel-focused revenue and distribution management platform.
FinSMEs
02/05/2024