Editor's note: This brief was summarised by The Property AI Newsroom from a report by Letting Agent Today. Read the original article for full details.
Finest Retreats Acquires Devon Holiday Let Agency My Favourite Cottages
Finest Retreats, the UK's largest independently owned holiday let management company, has acquired My Favourite Cottages, a Devon-based agency specialising in coastal and rural holiday cottages.
The acquisition adds over 70 properties to Finest Retreats' portfolio, taking its total count above 900 properties.
What this means for the sector
The deal reflects continued consolidation in the UK holiday let management market and strengthens Finest Retreats' presence in Devon's coastal and rural cottage market. Letting agents and inventory clerks operating in the short-let space may wish to note the growing scale of the UK's largest independent holiday let manager.
Further details of the transaction were not included in the source report.
Source: Letting Agent Today