The deal sees the addition of 37 luxurious holiday homes and apartment managements to alloggio's portfolio of short-term accommodation properties, and includes the award-winning Barra Luxe Beach House. The stunning five-bedroom, stylishly refurbished former beach shack overlooks Coolum's beautiful Yaroomba Beach and won gold in the Stayz 2021 Holiday Home of the Year Awards.

The purchase marks the seventh Queensland acquisition for the New South Wales-based holiday property management company.

Prestige Holiday Homes will now sit among alloggio's sparkling Sunshine State offerings including Best of Magnetic, Accom Noosa, Noosa Holiday Rentals, Fairshore Noosa, Noosa International Resort, alloggio Hamilton Brisbane Airport and Pegasus Motor Inn and Serviced Apartments.

alloggio founder and CEO Will Creedon said: “Coolum is a spectacular destination, and the properties within the Prestige Holiday Homes business are stunning.”

“Coolum as a destination was the obvious next step when alloggio looked at expanding our Sunshine Coast presence across this popular tourism destination on the eastern seaboard of Australia."

“The acquisition of the Prestige Holiday Homes business is consistent with alloggio's growth strategy of growing holiday property management rights, and we are excited about the significant pipeline of opportunities ahead as Australian domestic tourism continues its strong rebound through COVID and we welcome our international friends back to Australia.”

The 37 newly acquired holiday properties (management agreements) will be integrated into alloggio's proprietary cloud-based technology platform to provide an end-to-end management solution for holiday property owners.

The current Prestige Holiday Homes management team will continue to oversee daily operations, supported by the wider alloggio network.

Founded in 2015, the company operates a portfolio of brands in popular tourism destinations across Australia including Magnetic Island, Noosa, Brisbane, Coffs Harbour, Port Stephens, Newcastle, Maitland, Coogee, Bathurst, Jervis Bay, Mollymook / Milton, Bega, Great Ocean Road and Mornington Peninsula.

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Claire Bonney (Aruga)

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