Deal is for $1.1 billion in cash
Sabre Corporation announced it has sold its Hospitality Solutions business to TPG, an asset management firm, for $1.1 billion in cash. TPG will invest in Hospitality Solutions through TPG Capital, the firm’s US and European private equity platform.
The transaction, according to the announcement, will establish Hospitality Solutions as a standalone business, providing dedicated resources for growth and continued expansion as the core technology platform for hotels globally.
Hospitality Solutions provides software and solutions to more than 40% of the world’s leading hotel brands, according to the announcement. The SaaS-based platform, said the announcement, serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency. Hospitality Solutions is distinct from Sabre’s hotel B2B distribution business, which remains a strategic area of investment for Sabre.
Sabre’s expected cash proceeds, net of taxes and fees, of approximately $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. This announcement is the latest in a series of strategic financial moves by the company, including debt refinancings in December 2024 and the recent repayment of April 2025 debt maturities.
Kurt Ekert, CEO of Sabre, said the divestiture positions Sabre to focus on its core airline IT and travel marketplace platforms. “We are confident,” he said, “that TPG’s investment approach and expertise will drive significant value to all of Hospitality Solutions’ customers.”
Tim Millikin, partner at TPG, said the company has 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, he said, “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.”
The sale has been approved by Sabre’s board of directors and is expected to close by the end of the third quarter of 2025, subject to customary closing conditions and regulatory approvals. The closing of the transaction is not subject to any financing conditions.
