What If Sabre Put Its Hotel Software Unit in Play
Photo Caption: Hotel Grand Chancellor in Hobart, Australia, has used some Sabre technology to help its business. Source: Hotel Grand Chancellor.
Skift Take
An asset sale is unlikely. It would involve Sabre unnecessarily throwing in the towel on its diversification strategy. Yet stranger things have happened, and Oracle Hospitality could fill gaps in its offerings by acquiring the tech.
Travel technology company Sabre this year internally discussed an asset sale of part or all of its hotel software services unit to Oracle, which also has a hotel software business, according to multiple people familiar with the companies.
"We do not comment on market rumors or speculation," said a spokesperson when asked if Sabre had engaged this year in talks about selling its hospitality unit. Oracle, a potential buyer, didn't respond to requests for comment.
Sabre, based in Southlake, Texas, and Oracle, based in Austin, Texas, have been on each other's radar. Oracle Hospitality's current leader Alex Alt was previously president of Sabre Hospitality Solutions. Oracle Hospitality's previous leader Greg Webb was formerly vice chairman of Sabre.
Perella Weinberg Partners (PWP), a financial advisor to Sabre on $1.1 billion secured and exchangeable note offerings in the depths of the pandemic, may have suggested an asset sale, according to speculation. A
