Host & Stay eyes global moves after £10.5 million Growth Partner backing

A family-run holiday let management firm says it has moved a step closer to fulfilling international growth ambitions after securing £10.5 million investment.

Host & Stay has been backed by Growth Partner.

Bosses at the east Cleveland-based operator say the support leaves it in “a fantastic position… to realise its ambition of becoming one of the world’s best short-term rental operators”.

And the deal has already allowed the business to expand, with Norfolk Holiday Properties, which manages 130 sites across the county, and Airhost For You, which oversees 105 properties in Brighton, now part of the Host & Stay stable.

Praising the impact of Growth Partner, the consumer specialist investment firm backed by HomeServe founder Richard Harpin, Dale Smith, Host & Stay chief executive, said: “We’re truly excited to be partnering for our next phase of the journey.

• Dale Smith, Host & Stay managing director, left, with Richard Harpin, HomeServe founder and Growth Partner backer

“The Growth Partner team have been exceptional to work with and have approached the partnership in a collaborative and pragmatic way from day one.

“This approach has only further strengthened my confidence that we have chosen the right investment partner and, along with the vast experience and strategic influence of Richard, we’re now in a fantastic position to accelerate the growth of Host & Stay both in the UK and overseas.”

Richard added: “Host & Stay embodies the entrepreneurial spirit and commitment to excellence that drives true innovation in any industry.

“Dale and his team have harnessed a unique market opportunity and are poised for tremendous growth.

“Our backing will support Host & Stay in its journey to set new benchmarks in the holiday let and rental management space.”