Access Hospitality, part of Loughborough-headquartered Access Group, has acquired Guestline, a hotel distribution and operations platform provider.
Guestline’s cloud software platform supports over 2,900 venues in 23 countries, through its end-to-end distribution, property management and guest experience system.
The acquisition presents an opportunity for Access to expand the range of products that it is able to offer hotel operators.
Henry Seddon, Managing Director of Access Hospitality, said: “We are delighted to welcome Guestline to the Access Group. As well as enhancing our ability to serve the requirements of hotel customers through the provision of a tailored product that fulfils their operational needs, the acquisition will enable us to expand into new territories, given Guestline’s strength in European and international markets.
“We have been particularly impressed with the strength and experience of the Guestline management team and look forward to welcoming our new colleagues into the Access Group.”
Andrew McGregor, CEO of Guestline, said: “Guestline and Access are a natural fit and we are very excited to be joining the Group. The combined Group’s cloud software solution will provide the most comprehensive set of capabilities in the market, making a real difference to hoteliers across the globe.
“We look forward to working together to expand further into our existing European and Asia Pacific markets which offer very significant growth opportunities.”
Karsten Langer, Riverside Europe managing partner, added: “The sale of Guestline marks the sixth exit achieved by the Riverside Europe team over the past 18 months, and again demonstrates our ability to support leading mid-market businesses through organic and inorganic growth initiatives.
“Despite the challenges of Brexit and Covid-19, Guestline’s revenue and earnings more than doubled during our investment period.”
