Mews Secures $100 Million Loan for More M&A: ‘The Market Is Ripe for Consolidation’
Skift Take
The hotel tech market is ripe for consolidation, and Mews wants to take advantage.
Hotel tech startup Mews said Thursday that it has secured $100 million in venture credit to fuel more acquisitions.
The loan comes from Vista Credit Partners, the subsidiary of Vista Equity Partners with over $8.1 billion in assets.
Amsterdam-based Mews primarily provides a property-management system for hotels, which handles operations like check-in and check-out, guest management, and housekeeping. Its clients are mostly independent hotel companies.
Mews has announced nine acquisitions so far. And founder Richard Valtr told Skift
