Mews expands North America operations with acquisition of Hotello
4 months after closing a $185 million Collection C funding spherical that it stated could be used to gas worldwide enlargement, hospitality expertise platform Mews is buying Montreal-based Hotello.
Phrases of the deal should not being disclosed.
Based in 2001, Hotello offers a cloud-based property administration system for greater than 500 lodge properties in the US and Canada.
The Hotello model will stay and the group will be part of Mews, which offers cloud-based property administration options for operations, funds, visitor expertise, enterprise intelligence and extra to greater than 3,500 properties in 80 nations.
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“The PMS class continues to expertise exceptional innovation and development,” stated Richard Valtr, founding father of Mews.
“Hotello has all the pieces we’re in search of in an acquisition: nice folks, nice clients and a ardour for lodge expertise. This partnership additionally represents an additional 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 may serve them lengthy into the longer term. I’m delighted to deliver Hotello into the Mews household.”
Mews Ventures, the firm’s enterprise and funding arm launched in July, managed the acquisition. That is Mews’ sixth acquisition previously 4 years, with others together with Bizzon and Cenium in 2022, Lodge Good in 2021, Base7Booking in 2020 and Planet Winner in 2019.
“Once I first met with Mews I may inform our imaginative and prescient for the way forward for hospitality had been aligned,” stated Anaïs Berzi, CEO of Hotello.
“That is an extremely thrilling second for the group, our clients, and the way forward for hospitality. We had plenty of gives, however Mews has a confirmed observe file of pushing the boundaries of innovation on this house and has efficiently built-in different groups and merchandise like Hotello. We’re actually wanting ahead to what the longer term holds.”
Based in 2012, Mews is predicated in Amsterdam and has places of work throughout Europe and within the U.S. and Australia.
