On the heels of its $130 million Series F funding just weeks ago, Guesty has acquired Rentals United.
“We see this as a natural fit for two industry-leading players that harnesses great synergy for [short-term rental] and vacation rental property managers,” said Amiad Soto, CEO and co-founder of Guesty, which operates in more than 80 countries.
The short-term rental property management platform announced the acquisition of the distribution platform for property managers Thursday. The move comes in an effort to create new revenue opportunities for property managers and expand offerings. This acquisition marks Guesty’s fifth since 2022, adding to a list including Staysense, Kigo, Hirum and YieldPlanet.
Rentals United will operate independently under the acquisition agreement. Additional terms were not made public. Rental United, which was founded in 2015, has offices in Spain and Poland and employs around 100 people.
Soto said the combination of Guesty’s offerings with Rental United’s distribution abilities should deliver increased booking volumes and higher booking relevancy. Rentals United gives STR managers the ability to manage and market listings on more than 60 sites and is integrated with more than 100 technology providers for optimization.
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“We’re very excited about this next step in our journey as we continue to consolidate the market and enhance our offering to best serve property managers,” said Soto.
The deal, according to Guesty, should bear opportunities for customers of Guesty and of Rentals United to scale their businesses using the pair’s distribution network, data-driven products and artificial intelligence-powered tools for efficiency.
Rental United’s platform likely won’t be new to many of Guesty’s clients as the platform has been an available option for Guesty’s customers for a number of years.
“Our acquisition by Guesty, the clear software leader in the STR property management sector, is a testament to our own technical prowess, and we believe it will fortify our business and our offering in the long term, for our customers, partners and employees,” said James Burrows, CEO of Rentals United.