Hotel Urbano Founders Regain Control, Buy Back Shares of Priceline and Other Investors
Photo Credit: João Ricardo Mendes (above) and his brother Jose Eduardo Mendes regained control of Hotel Urbano after investors edged them out of leadership positions in the company last year. Hotel Urbano
Skift Take
They're back. The Brazilian economy and Hotel Urbano have both suffered a very rough stretch. Co-founders Joao Ricardo Mendes and Jose Eduardo Mendes have reasserted themselves in leading the company, but haven't publicly articulated in detail how they will navigate their way out of the online travel agency's current predicament. It will definitely be tough going.
The founders of Brazil-based online travel agency Hotel Urbano have regained control of the company operations after buying back the stakes of investors the Priceline Group, Insight Venture Partners and Tiger Global Management.
Hotel Urbano wouldn't provide further details surrounding the circumstances of brothers Joao Ricardo Mendes and Jose Eduardo Mendes regaining control when Skift asked for comment.
