The parent company of Kuoni Travel – Der Touristik UK – has acquired independently-owned UK sun property company Solmar Villas, which operates holiday properties in the US and across the Mediterranean including Portugal, Spain, Cyprus, Greece, Turkey, France, Italy and Croatia.
In all, the company owns 1,600 private villas for rent.
Der Touristik is buying Solmar to enhance its standing in the villa rental market, particularly in the UK where Solmar has existing relationships with the likes of British Airways, Hays Travel and Jet2Holidays.
Solmar Villas was, until last year, successfully represented in Ireland by ASM Ireland.
As well as Solmar and Kuoni, Der Touristik owns the Jules Verne, Kirker, CV Villas, Carrier and Journey Latin America brands.
