Sabre is selling its Hospitality Solutions business to asset-management firm TPG for $1.1 billion in cash. The deal is expected to close by the end of the third quarter, pending regulatory approvals.
TPG plans to invest in the business via its U.S. and Europe private equity platform TPG Capital.
Hospitality Solutions is one of two businesses Sabre operates. The other is Travel Solutions, which includes the GDS operations. Last year, Hospitality Solutions revenue increased 7% year over year, to $347 million. It is a fraction of Sabre’s Travel Solutions business, which had 2024 revenue of $2.7 billion, up 4% year over year.
Wall Street responded favorably to news of the sale, with Sabre stock soaring more than 25% on Monday morning.
According to a release, Hospitality Solutions will be a standalone business under TPG. The release estimated the business provides software and solutions “to more than 40% of the world’s leading hotel brands.”
Sabre noted that Hospitality Solutions is…
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