Sabre Contemplates $1 Billion Sale of SynXis Hospitality Software Unit

• Sabre is considering selling its hospitality software unit, SynXis, potentially worth over $1 billion, to reduce its debt.
• Potential acquirers could include private equity firms and rival software makers, and the company is currently working with investment bank Evercore to gauge interest.

As reported by Reuters, travel technology provider Sabre is reportedly exploring the sale of its hospitality software unit, SynXis. According to sources familiar with the matter, the potential deal, which could be worth over $1 billion, is seen as an effort to help the company reduce its significant debt.

The Southlake, Texas-based company is partnering with investment bank Evercore to gauge interest from potential buyers. The list of potential acquirers includes private equity firms and rival…