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We are glad to announce the acquisition of ALTIDO, one of the largest short-term property management groups in Europe.

ALTIDO is one of the largest short term rental management companies in Europe. Founded in 2019, today it manages a portfolio of over 1700 properties and rooms across 4 countries and over 20 cities. These assets are rented out on a short and mid-term basis to both leisure and corporate travelers via online travel agents and stayaltido.com. The company offers property owners a flexible management solution enabling them to optimize the value they receive from their assets. The company’s portfolio is increasingly diverse and includes apartments, townhouses, aparthotels, hotels, serviced apartments, in both urban and leisure markets.

Living room of an accommodation offered by ALTIDO
Type of offer by ALTIDO

Transforming our business model from coliving to living

This transaction follow the recent entry in the capital of DoveVivo by the American fund Starwood Capital Group and, together, are facilitating the Group's geographic and business expansion and in particular will allow us to:

  • foster the evolution from coliving to living by expanding the customer base from young professionals and students to multifamily, professionals and corporates;

  • integrate traditional or shared medium-long term housing solutions with a short term solution for both business and leisure travel;

  • entry into new markets such as the UK, Scotland and Portugal;

  • further strengthen the role of a reliable partner for private and institutional owners as well as for investors, thanks to a wide range of products and services, from property management to rent-to-rent.

A unique project in Europe

The transaction, which involves the reinvestment of capital by ALTIDO's management team in DoveVivo, leads to the creation of the largest residential management platform in Europe with more than 2,500 properties and apartments under management in 40 cities, in 6 countries (Italy, Spain, France, Portugal, UK and Scotland).

DoveVivo’s leading shareholder remains DV Holding SpA, controlled by the founders Valerio Fonseca and William Maggio together with the minority shareholder Tamburi Investment Partners S.p.A.

Valerio Fonseca, Founder & CEO of DoveVivo, comments: "We are very proud of this industrial and strategic operation where both teams, DoveVivo and ALTIDO, have believed in and worked hard on in 2021. The combination of strong experiences and very complementary know-how in the living area will allow us to become the main player in the residential product able to support the management of the residential product and the huge investments planned in this sector".

William Parry, Founder & CEO of ALTIDO, comments: “Today’s announcement marks the culmination of many months of hard work, and an important next step in ALTIDO’s mission to become the leading short term let operator in Europe. It has been a pleasure working with the DoveVivo team on this project and with their expertise, support and investment, we are confident we will see strong growth in 2022 and beyond. When we formed ALTIDO in 2019, we entrenched a pioneering spirit into our core values. This transaction is further evidence of our desire and willingness to lead the way in this industry; we are delighted our new partners wholeheartedly share this vision”.

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