Guesty Acquires Again
Guesty, the California-and Israel based PMS company that develops software for property management, has acquired another company: "StaySense", a Nashville-based vacation rental technology company.
The Guesty platform will integrate the technology of StaySense, a company that provides marketing and technology solutions to vacation rental managers. For Guesty's customers, this will (they say) result in direct booking, improved distribution channels, and additional marketing tools. There was no disclosure of the terms of the acquisition by the companies.Guesty will incorporate StaySense into its brand, and its Nashville team will continue to operate.The acquisition marks Guesty's sixth, following Kigo, MyVR, and YieldPlanet.
Guesty is one of the most heavily funded PMS & software development companies serving the short term rental market. Will the growth through funding align the company with an IPO or a bigger roll up. This is a tough space to inhabit with so much competition and getting more price sensitive as the booking channel sees more competition for fees and management costs escalate. The eventual outcome could be that rental prices become unacceptable.
VACASA Hits Hard Times
As we saw with Sonder last week and as a result of its failure to meet Nasdaq's minimum bid price listing rule, Vacasa, a property management company that went public through a SPAC merger, has been put on notice of being delisted.
If the company does not regain compliance with the minimum bid price requirement within 180 days, it will be forced to transfer to the Nasdaq Capital Market. In addition to its struggles with profitability and workforce cuts, Check the Shareprice here along with Vacasa and Inspirator which appear to be in similar situations