Sabre Corporation Sells Hospitality Solutions Business to TPG for $1.1 Billion

Sabre Corporation has signed a definitive agreement to sell its Hospitality Solutions business to TPG, a global alternative asset management firm, for $1.1 billion. This will allow Sabre to pay down debt and further focus on its core business.

Sabre Corporation and TPG, a global alternative asset management firm, recently announced a definitive agreement in which TPG agrees to acquire Sabre’s Hospitality Solutions for $1.1 billion in cash. The transaction will establish Hospitality Solutions as a standalone business, providing dedicated resources for growth and expansion as a global core technology platform for hotels.

Hospitality Solutions provides software and solutions to over 40 percent of the world’s leading hotel brands. The SaaS-based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency. This business is distinct from Sabre’s hotel B2B distribution business, which remains a strategic investment area for Sabre.

The expected cash proceeds from the sale, net of taxes and fees, are approximately $960 million. These funds will be used primarily to pay down Sabre’s debt, thereby improving its balance sheet and optimizing its focus on its core business while continuing its focus on long-term sustainable growth.

This move is the latest in Saber’s strategic financial actions, including debt refinancings in December 2024 and the recent repayment of April 2025 debt maturities. These actions aim to reinforce Sabre’s disciplined capital allocation framework, improve its capital structure, and enhance its ability to refinance remaining debt maturities opportunistically. These actions align with Sabre’s focus on driving long-term shareholder value by optimizing its product portfolio and accelerating its path to a long-term net leverage target of 2.5x to 3.5x.

Kurt Ekert, President and CEO of Sabre Corporation, stated that the sale of the Hospitality Solutions business for $1.1 billion is a testament to the transformation the team has driven over the past few years. This divestiture positions Sabre to focus on its core airline IT and travel marketplace platforms.

Sabre purchased SynXis, the core of its hospitality business, in 2005. Over the past 20 years, the company has continued to evolve the platform and invest in capabilities and solutions, such as Retail Studio. Today, many of the world’s largest and most premium hotel brands rely on Hospitality Solutions as their central reservation platform.

TPG has a history of partnering with mission-critical software businesses like Hospitality Solutions. With the right combination of capital and operational focus, such businesses can achieve meaningful growth. 

The transaction has been approved by Sabre Corporation’s Board of Directors. It is expected to close by the end of the third quarter of 2025, subject to customary closing conditions and regulatory approvals. The closing is not subject to any financing conditions.