Blackstone to Invest in Hotel Tech Company, M3 – ‘Many More’ Deals to Come
Skift Take
There's a lot of opportunity for strategic growth investment in travel tech, and Blackstone wants to jump in.
Blackstone said Thursday that it plans to acquire a majority stake in hotel accounting tech company M3 — and more deals in travel tech likely are coming.
The Asian American Hotel Owners Association, which says it represents nearly 20,000 hotel owners and 60% of hotels in the U.S., is making its first-ever investment alongside Blackstone.
Georgia-based M3 offers back-office hotel software for accounting, labor management, and business intelligence, as well as accountants for hire. The company has more than 1,000 hotel operators and management c
