Sabre will be slimmed down and more focused after the sale of its hotel tech unit to TPG for $1.1 billion. About 1,000 employees are moving along with it, Sabre CEO Kurt Ekert told Skift.
That business âwill largely move intact,â he said. That includes Scott Wilson, president of Sabre Hospitality, and the other executives, and brings Sabreâs workforce to about 5,500.
Ekert had put a lot of effort into building the hotel tech unit since he started as CEO in 2023. But Sabre had over $5 billion in debt, and reducing that level has been one of Ekertâs top goals. Most of the sale proceeds â about $960 million after taxes and fees â will go toward debt reduction.
âOn one hand, this business has tremend