Key Points
- TPG has completed its $1.1 billion acquisition of Sabre Hospitality, rebranding it as Hospitality Solutions.
- Hotel operator MCR has joined as a strategic minority investor, with its CEO Tyler Morse becoming vice chairman of the new board.
- Teresa Mackintosh, former CEO of Trintech, is the new CEO of Hospitality Solutions, replacing Scott Wilson.
Summary
TPG has finalized its $1.1 billion purchase of Sabre Hospitality, rebranding the company as Hospitality Solutions and bringing in hotel operator MCR as a strategic minority investor. MCR’s CEO, Tyler Morse, will serve as vice chairman of the board, while Teresa Mackintosh, formerly of Trintech, takes over as CEO. The acquisition allows Sabre to concentrate on its core airline and travel agency businesses while positioning Hospitality Solutions for growth amid a broader digital transformation in hospitality.