Island Escapes has been acquired by UK-based Sapphire Holidays.

The Isle of Man holiday lettings agency, which manages more than 150 properties across the island, will continue to operate under its existing brand and with all staff retained. The company will remain based in Castletown.

Family-owned Sapphire Holidays, a Cornwall-based group, manages more than 2,500 properties across the UK through brands including Classic Cottages, Aspects Holidays, Boutique Retreats and Unique Hideaways.

Simon Tregoning, Sapphire’s chairman, told the press: “Our company was founded on professionalism and excellent service, and we know that [Island Escapes] share those values. The Isle of Man is a unique place to visit, and we are looking forward to helping Island Escapes reach more customers, enabling them to discover this lovely island.”