Rental Valley acquires rental portfolio of Algarve Hidden Gems
news: ACQUISATION ANNOUNCEMENT
Property management company Rental Valley has acquired the portfolio of Portuguese short-term rental operator Algarve Hidden Gems
Rental Valley acquires the full portfolio of Algarve Hidden Gems and spreads it wings in the Algarve.
This newest deal adds 25+ new homes to Rental Valley’s growing property portfolio, taking its list to over 200 properties.
Rental Valley believes that this deal will help to cement its position among the top three Algarve-leading property management companies. Rental Valley is currently present at the Dutch coastline, covers the full Algarve in Portugal and will soon be expanding to the Lisbon area and Spanish coastline.
The company is currently engaged in talks to expand its operations into other markets around the European Coastline.
Rental Valley says private hosts are increasingly relying on short-term rental management companies like them to manage their properties.
Hosts using Rental Valley are provided with 24/7 support on guest communication, personalised welcomes, concierge services during guest stays, hotel quality linen and towels and other amenities. The service is a means of increasing positive reviews and secures the long-term success of properties.
Rental Valley founder and CEO Niels Marcelis said: “We’re in a really exciting stage at Rental Valley. These deals in Portugal and Spain 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 short-term holiday 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,” he added.