Automatic - 10 Minutes News for Hoteliers - Page 73

4 min

Marriott International to Acquire the citizenM Brand

💰 TPG Capital to acquire Sabre's Hospitality Solutions for $1.1 billion in cash. Hospitality Solutions serves over 40% of top hotel brands with a SaaS platform. Sabre's net proceeds of approximately $960 million will largely pay down debt. The deal, advised by Haynes Boone, was announced on April 28, 2025, and is expected to close by the end of Q3 2025, pending regulatory approvals.

4 min

Square Announces New Point of Sale App

💸 TPG acquires Sabre's Hospitality Solutions for $1.1 billion, establishing it as a standalone business serving over 40% of top hotel brands. Sabre's net proceeds of $960 million will primarily repay debt. The transaction, reinforcing Sabre's capital allocation, was approved by Sabre's Board and announced on April 28, 2025, with closure expected by Q3 2025. Legal advisor Haynes Boone, led by Dan Malone and Joshua Reisman, supported the deal.

4 min

Yelp Introduces New AI-powered Features to Enhance the Dining Experience

💰 TPG agreed to acquire Sabre Corporation's Hospitality Solutions business for $1.1 billion in cash. Sabre's net proceeds of approximately $960 million after taxes and fees aim to pay down debt and improve its capital structure. The standalone Hospitality Solutions serves over 40 percent of top hotel brands with a SaaS platform. The transaction is part of a strategic financial move, aligning with a net leverage target of 2.5x to 3.5x. Sabre's Board approved the deal, expected to close by the end of Q3 2025. Legal advice was provided by Haynes Boone, led by Dan Malone and Joshua Reisman.

4 min

ABB and BurgerBots Unveil Robotic Burger Operation

💾 TPG agreed to acquire Sabre Corporation's Hospitality Solutions business for $1.1 billion in cash, with an expected net cash proceeds for Sabre of approximately $960 million. The sale will help Sabre pay down debt and focus on core airline IT and travel marketplace platforms. Sabre's Board approved the transaction, set to close by end of Q3 2025, subject to regulatory approvals. Haynes Boone, led by Dan Malone and Joshua Reisman, provided legal advice for the deal announced on April 28, 2025.

Dong Duong Hotel in Hue Joins Fusion’s Portfolio

🏦 Fusion takes over Dong Duong Hotel in Hue, Viet Nam, with plans to open in Q3 2025, marking their second property in the city. Dong Duong Hotel, located on Hung Vuong Street, features 161 rooms in two towers, designed in Indochine style. The hotel will offer full-service amenities, including dining, spa, wellness facilities, and MICE facilities for 250 guests. Hue welcomed 3.9 million visitors in 2024 and aims to attract 5 million visitors in 2025, with 38-40% international tourists. Fusion plans to reach 50 properties by 2028.

The Stafford Collection Promotes John McLean to Managing Director

🏥 John McLean was promoted to Managing Director of the Stafford Collection on April 29, 2025, after serving as General Manager since May 2024. He oversees The Stafford London, Northcote with its Michelin star restaurant, and Norma in Fitzrovia. McLean has over 20 years of experience in luxury hospitality, previously holding leadership roles at The Cadogan Hotel, Brown's Hotel London, and The Lanesborough. He is a Springboard Ambassador, a Fellow of the Australian Institute of Management, and the Institute of Hospitality in the UK, and has led teams to earn the Forbes Five Star Award.

Crestline Hotels & Resorts Selected to Manage Courtyard by Marriott Fort Lauderdale East/lauderdale-By-The-Sea

🏨 USA, Fort Lauderdale, Florida. Announced April 29, 2025, a strategic collaboration involving Ray Powers, Trustee of the JP Edmondson Estate, Cynthia Zeigler, Edmondson family representative, and William Cleaver, CEO of Affirmed Corporation with Crestline Hotels & Resorts to manage the 106-guest room Courtyard Fort Lauderdale East/Lauderdale-by-the-Sea hotel. The hotel, near the beach, is completing a major renovation encompassing guest rooms, suites, and public spaces. The partnership aims to enhance guest experience, improve associate satisfaction, and increase hotel value.

2 min

Arch Amenities Group Appoints Operations, Human Resources and Information Technology Executives

🏦 In Rockville, Maryland, on April 29, 2025, Arch Amenities Group announced new executive appointments: Jessica Heger Michalak as Senior VP of Operations, Stefanie Chenok as Senior VP of Human Resources, and John Toman as VP of Information Technology. Michalak previously worked at OneSpaWorld and as an executive consultant; Chenok led HR at 24 Hour Fitness and held roles at Banana Republic and Target Corp., earning a B.S. from Oklahoma City University. Toman, with a B.S. from the University of Maryland and an M.S. from The George Washington University, previously led tech at Edlio. The CEO of Arch, Caitlin McKenna, highlighted the trio's roles in the company's goal to become the leading provider in its service categories.

Clermont Hotel Group Partners With IDeaS to Drive Revenue Performance, Operational Efficiency Across Portfolio

📍 United Kingdom, London, April 29, 2025 - Clermont Hotel Group partners with IDeaS to implement G3 Revenue Management System (RMS) and Optix across their properties, enhancing revenue strategy and operational efficiency. G3 RMS optimizes demand forecasting and automation, maximizing RevPAR and profitability, while IDeaS Optix enables real-time reporting and actionable insights. This technology suite will be utilized in iconic hotels like The Tower Hotel, The Cumberland, and the Royal Horseguards Hotel. The Group chose IDeaS for advanced capabilities and superior after-sales support, with a focus on smooth RMS transition and long-term success.

4 min

Cyber Risks Every Hospitality Business Must Prepare For

🛡 A restaurateur lost $450,000 to email fraud during a multimillion-dollar project build-out; the CFO wired money to a fake vendor account. Cybercriminals frequently target hospitality businesses, exploiting vendor systems, POS devices, and even personal phones. Ineffective vendor contracts often leave businesses handling breach investigations, customer notifications, and crisis communications. Cyber insurance can cover these components but may require specific security measures like multi-factor authentication and employee training. Hospitality lags in cybersecurity but can take steps to mitigate risks, such as verifying payment instructions, securing POS devices, and updating systems.

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