RoomPriceGenie, a provider of revenue management systems (RMS) for independent hotels and groups, announced a $75 million investment from Five Elms Capital to accelerate international expansion and enhance its platform. As part of this next phase of growth, experienced technology executive Chas Scarantino has been appointed CEO. Co-founder and current RoomPriceGenie CEO Ari Andricopoulos will transition to Chief Strategy Officer (CSO) to focus on product innovation and strategic partnerships.
RoomPriceGenie grew into a global business, with nearly 100 employees and 3,000 hotel clients across 65 countries. The company has achieved rapid, efficient growth while maintaining profitability, proving that its approach—prioritizing innovation and exceptional customer support—resonates with the market.
RoomPriceGenie’s service has been widely recognized, earning multiple top rankings in the HotelTechAwards, including second place for “Best Revenue Management System (RMS)” and third place for “Best Place to Work” for two consecutive years. And in 2025, it was also named the 7th “Most Recommended Solution” across all hotel technology categories.
Scarantino – who steps into the CEO role – brings extensive experience building and scaling technology companies, leading global expansion efforts and driving operational excellence. And over the course of his career, he has led teams to market products across the United States, the United Kingdom, Israel, Japan and Australia, in addition to founding and scaling his own ventures.
KEY QUOTES:
“According to Skift Research, only about 10% of hoteliers use a dedicated RMS for pricing, with adoption historically skewed toward larger properties and branded chains. RoomPriceGenie was founded in 2017 to make automated pricing more accessible and intuitive for independent properties. While we’ve grown and expanded our functionality, our core philosophy of simplicity and efficacy remains. With our new OpenAPI PMS integration and investment from Five Elms Capital, combined with Chas’ leadership and expertise, we’re positioned to help more independent hotels and groups maximize revenue through automated pricing technology.”
– Ari Andricopoulos
“Five Elms identified RoomPriceGenie as a category leader in revenue management, both technologically and operationally. The launch of RoomPriceGenie’s OpenAPI—the first of its kind in the RMS space—underscores the team’s commitment to innovation, allowing PMS providers to integrate its solution seamlessly without the typical costs or complexities. We are excited to support the company as it continues to scale.”
– Ryan Mandl, Partner at Five Elms Capital
“My passion is scaling teams, developing talent, and fostering a culture that drives both innovation and execution,” said Scarantino. “RoomPriceGenie has built an outstanding platform, a strong company culture and a team deeply committed to helping hotels optimize their revenue. The company has already established itself as the best RMS for independent hotels and a forward-thinking integration partner for PMS providers. I’m excited to build on this success and expand our reach while preserving the unique Genie Culture that makes RoomPriceGenie exceptional.”
– Chas Scarantino
