Sabre Corporation has announced the sale of its Hospitality Solutions business to the private equity firm TPG for USD 1.1 billion in cash. The divestiture will allow Sabre to focus on its core airline IT and travel marketplace platforms, according to CEO Kurt Ekert.
Sabre expects to net approximately $960 million after taxes and fees, with most proceeds earmarked for reducing its $4.49 billion debt. The sale is part of Sabre’s ongoing strategy to streamline operations and strengthen its financial position following challenges in recovering from the pandemic, particularly in its corporate travel segment.
The Hospitality Solutions unit, built around Sabre’s 2005 acquisition of SynXis, provides software to manage hotel room inventory, rates, and reservations for brands such as Hyatt, Wyndham, and Preferred Hotel Group. The platform supports about 5 million hotel rooms globally and competes with products from Amadeus, Oracle, and Accor’s D-Edge.
Evercore advised Sabre on the transaction, with William Blair representing TPG. The deal is expected to close by September, pending regulatory approval.
This sale underscores Sabre’s intent to sharpen its focus on airline services while enabling TPG to expand its presence in the hospitality technology sector.
Source: Skift
