GuestReady expands to Madeira and manages 1,100 properties in Portugal – Companies
GuestReady, a local accommodation management company, expanded to Madeira through the acquisition of a Madeiran company.
In a statement, GuestReady explains that it acquired the portfolio and operations of AYS Madeira Property Management, a property management and rental company with 14 years of experience. AYS employees will all join the GuestReady Madeira team.
“The company has a new face, but the same employees, the same quality of excellence and local know-how”, underlined, in a statement, Rui Silva, Managing Director of GuestReady in Portugal and Spain.
This acquisition implies the absorption of “dozens of properties” in Caniço, Calheta, Funchal and Porto Santo. GuestReady does not state the exact number, only that this expansion brings its portfolio to include a total of 1,100 properties.
“We have a solid and consistent portfolio of customers who will benefit from this integration. We are excited about the growth prospects that lie ahead”, adds in the same statement Cecilia Lewington, managing partner of AYS Madeira Property Management and new Business Developer at GuestReady Madeira.
This is the third company that GuestReady has purchased since arriving in Portugal in 2018: in 2019 it acquired an Oporto City Flats and in 2021 it was The Porto Concierge’s turn.
“We started our operations in Madeira just a few weeks away from one of the most requested periods on the island: New Year’s Eve. It seems to us the ideal time to start this new chapter for GuestReady, with the certainty that we want to continue to reach further. “, concludes Chief Executive Officer Rui Silva.
In addition to the Madeiran company, this year GuestReady has already acquired two other companies in France.