Sabre to sell Hospitality Solutions unit to TPG for $1.1 billion
- Editor
- 6 days ago
- 2 min read
Whats Happening:
Sabre Corporation is selling its Hospitality Solutions business to TPG for $1.1 billion in cash. The transaction will establish Hospitality Solutions as a standalone business, providing software and solutions to over 40% of the world's leading hotel brands. Sabre expects to use the proceeds to pay down debt and focus on its core airline IT and travel marketplace platforms.
Key Moves:
Sabre to sell Hospitality Solutions business to TPG for $1.1 billion
Transaction will establish Hospitality Solutions as a standalone business
Sabre to use proceeds to pay down debt and focus on core platforms
By The Numbers:
Sale price: $1.1 billion in cash
Expected net proceeds: $960 million after taxes and fees
Hospitality Solutions serves over 40% of world's leading hotel brands
Key Quotes:
"The $1.1 billion sale of this business is a testament to the transformation that the Hospitality Solutions team has driven over the past few years," said Kurt Ekert, President and CEO of Sabre Corporation.
"This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms," added Kurt Ekert.
"We have a long history of partnering with mission-critical software businesses like Hospitality Solutions that – with the right combination of capital and operational focus – can achieve meaningful growth," said Tim Millikin, Partner at TPG.
Bottom Line:
Sabre's sale of its Hospitality Solutions business to TPG for $1.1 billion marks a strategic move to focus on core travel platforms and improve its financial position. The transaction will establish Hospitality Solutions as an independent entity, potentially driving growth in the hospitality technology sector. This deal aligns with Sabre's goal of optimizing its product portfolio and accelerating its path to long-term financial targets.
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