Mews expands North America operations with acquisition of Hotello
4 months after closing a $185 million Series C funding round that it stated could be used to gas worldwide enlargement, hospitality know-how platform Mews is buying Montreal-based Hotello.
Phrases of the deal will not be being disclosed.
Based in 2001, Hotello supplies a cloud-based property administration system for greater than 500 lodge properties in the USA and Canada.
The Hotello model will stay and the crew will be a part of Mews, which supplies cloud-based property administration options for operations, funds, visitor expertise, enterprise intelligence and extra to greater than 3,500 properties in 80 nations.
Subscribe to our publication under
“The PMS class continues to expertise outstanding innovation and development,” stated Richard Valtr, founding father of Mews.
“Hotello has every part we’re in search of in an acquisition: nice folks, nice prospects and a ardour for lodge know-how. This partnership additionally represents an extra funding within the North American markets the place we proceed seeing robust adoption of cloud and autonomous applied sciences, and hospitality manufacturers in search of options that can serve them lengthy into the longer term. I’m delighted to carry Hotello into the Mews household.”
Mews Ventures, the company’s venture and investment arm launched in July, managed the acquisition. That is Mews’ sixth acquisition previously 4 years, with others together with Bizzon and Cenium in 2022, Hotel Perfect in 2021, Base7Booking in 2020 and Planet Winner in 2019.
“After I first met with Mews I may inform our imaginative and prescient for the way forward for hospitality have been aligned,” stated Anaïs Berzi, CEO of Hotello.
“That is an extremely thrilling second for the crew, our prospects, and the way forward for hospitality. We had various affords, however Mews has a confirmed observe file of pushing the boundaries of innovation on this area and has efficiently built-in different groups and merchandise like Hotello. We’re actually trying ahead to what the longer term holds.”
Based in 2012, Mews relies in Amsterdam and has workplaces throughout Europe and within the U.S. and Australia.
