At the moment, Hays Travel has no branches in the Borders, its nearest ones being in Hexham and Morpeth in Northumberland.
As of now, the Thomas Cook shop located in the prestigious shopping area of James Street is closed.
"Not only do they gain some of the highly regarded former Thomas Cook staff, they will also earn a lot of goodwill from former loyal Thomas Cook customers", he explained.
The travel and cruise industries have been devastated following the news of the Thomas Cook collapse a couple of weeks ago, which left 150,000 holidaymakers stranded overseas and 20,000 staff, including 9,000 in the United Kingdom, jobless.
Iit also expects to create another 100 jobs at its headquarters in the city of Sunderland, northeastern England, as a result of the transaction.More news: Goldman Reviewing Involvement in Chinese AI Firm's IPO
Hays Travel is a private company, jointly owned and managed by John Hays, managing director, and Irene Hays, chair of the Hays Travel Group.
Greater Manchester mayor Andy Burnham, said: "The sudden collapse of Thomas Cook left more than 3,000 North West-based former employees suddenly searching for a job".
"We are looking to employ as many Thomas Cook staff as possible and we are reaching out to them".
Thousands of former Thomas Cook employees may be back in employment after Hays Travel agreed to buy 555 high street shops from the collapsed airline.
Wednesday's announcement was welcomed by the British government and travel industry trade union the Transport Salaried Staffs Association (TSSA). "This represents an important step in the liquidation process, as we seek to realise the company's assets".More news: Volvo XC40 Electric Shows New Android-Powered Infotainment
Jim Tucker, partner at KPMG and joint special manager of Thomas Cook's retail division, added: "This is an extremely positive outcome, and we are delighted to have secured this agreement".
About 60 Thomas Cook shops in Scotland have been sold in a deal that could save hundreds of jobs.
United Kingdom airline Easyjet has hinted that it could be interested in some of Thomas Cook's air operations, as the low-priced carrier already serves some of its destinations.
It throws a lifeline to up to 2,500 redundant employees, many of whom worked for decades at the 178-year-old firm before it collapsed into insolvency last month. Its biggest shareholder was China's Fosun Group.More news: US House Republicans to Seek Sanctions on Turkey Over Kurd Offensive