Sabre (a leading technology provider to the global travel industry) and TPG (a global alternative asset management firm) announced the signing of a definitive agreement under which TPG has agreed to acquire Sabre’s Hospitality Solutions business for $1.1 billion in cash. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s U.S. and European private equity platform.
Sabre acquired SynXis, the core of its hospitality business, in 2005. In the 20 years since, Sabre has continued to evolve the platform and invest in capabilities and solutions, such as Retail Studio. Now, many of the largest and most premium hotel brands in the world rely on Hospitality Solutions as their central reservation platform.
Transaction Details: The deal will establish Hospitality Solutions as a standalone business, providing dedicated resources for growth and continued expansion as the global core technology platform for hotels. And Hospitality Solutions offers software and solutions to over 40 percent of the world’s leading hotel brands.
The SaaS-based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with better accuracy and efficiency. Hospitality Solutions is distinct from Sabre’s hotel B2B distribution business, which remains a strategic area of investment for Sabre.
Plans With The Proceeds: Sabre’s expected cash proceeds, net of taxes and fees, of about $960 million, will be used primarily to pay down debt, enabling Sabre to improve its balance sheet, optimize focus on its core business, and continue its focus on long-term sustainable growth. And this announcement is the latest in a series of strategic financial moves by Sabre, including debt refinancings in December 2024 and the recent repayment of April 2025 debt maturities, to reinforce a disciplined capital allocation framework; improve its capital structure; and enhance the ability to continue to refinance remaining debt maturities opportunistically.
Advisors: Evercore is acting as the financial advisor to Sabre, and Haynes Boone is serving as legal counsel to the Sabre. William Blair is acting as the financial advisor to TPG. Davis Polk & Wardwell is serving as legal counsel to TPG.
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. This divestiture positions Sabre to focus on our core airline IT and travel marketplace platforms. We are confident that TPG’s investment approach and expertise will drive significant value to all of Hospitality Solutions’ customers.”
Kurt Ekert, President and CEO of Sabre Corporation
“Hospitality Solutions’ platform is central to its customers’ ability to manage and deliver great experiences for guests. 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. The transaction exemplifies our thematic investment approach and distinct carveout expertise, and we look forward to working with the team to enhance and expand the Hospitality Solutions platform.”
Tim Millikin, Partner at TPG
“The hospitality industry continues to evolve rapidly. Hospitality Solutions’ tailored offering is enabling hotels of all types to meet guests where they are and truly prioritize their needs. The transaction brings together our decades of investing experience across the travel and software sectors, and we look forward to working with the team to build the platform into a comprehensive technology provider for the hospitality industry.”
Paul Hackwell, Partner at TPG
