Travel Investor Certares to Target Pandemic Hotel Opportunities
Photo Credit: Following investments in the corporate, aviation, cruise, cruise and adventure sectors, Certares will also now look at investing in hotels. Adobe / Furkan Tellioglu
Skift Take
Founder and senior managing director Greg O'Hara also painted a positive picture for the outdoor and adventure sector in a frank interview.
Following investments in the corporate, aviation, cruise and outdoor sectors, travel specialist Certares is pushing ahead into real estate, specifically related to hotels.
“We’ll close our first deal in the next couple of weeks,” said founder and senior managing director Greg O'Hara.
Speaking at the Skift Online Travel and Distribution Summit, he revealed that the strategy will be dedicated towards investing in hotels, and the strategy will be spearheaded by Nolan Hecht, who recently joined Certares from Square Mile Capital Management.
News of this strategic push comes as O’Hara revealed how the company, which has stakes in the likes of American Express Global Business Travel, TripAdvisor and more recently G Adventures and cabin rental startup Getaway, has raised more money over the past 12
