Sabre Quietly Looks to Shed Hotel Software Unit
Sabre has shopped its hospitality division to prospective buyers this year, according to sources. The public company based in Southlake, Texas, has a business unit selling software that helps hotels take reservations online, manage properties, and other tasks. The division is smaller than the technology company’s flagship businesses in airfare distribution and airline operational software.
“We do not comment on market rumors or speculation,” said a Sabre spokesperson.
Skift’s two sources are external to Sabre but said they had direct knowledge of the pitch to buyers. Skift could not determine which companies took a look at Sabre’s pitch.
A source within Sabre said the company had this year had internal conversations about a possible divesture, and six other industry professionals anonymously shared rumors of a Sabre asset sale with Skift since June. Skift couldn’t confirm the names of the investment banks said to be trying to arrange a transaction.
