Dechert said it’s advising hotel lodging distributor Getaroom on its agreement to be acquired by Booking Holdings Inc. for around $1.2 billion.
At closing, Getaroom, which was founded in 2005 and has more than 150 affiliates for its wholesale business, will be absorbed by Booking Holdings’ Priceline brand, according to a statement.
Booking Holdings also owns brands including Booking.com, Agoda, Rentalcars.com, KAYAK, and OpenTable.
Getaroom currently is a Court Square Capital Partners portfolio company. It will remain headquartered in Dallas, Texas.
Getaroom’s current CEO, Matt Davis, will lead Priceline’s new Strategic Partnerships business unit. The new unit will improve distribution for hotel partners, increasing value for both hotel and affiliate partners, according to a statement.
“By combining the technology and expertise of Getaroom and Priceline, we can further streamline distribution for our hotel partners and provide new and better solutions for the U.S. accommodations segment,” said Priceline CEO Brett Keller in a statement.
Booking Holdings did not immediately respond to an email seeking comment.
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