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InnVest Hotels acquires The Algonquin Resort St. Andrews by‑the‑Sea, Autograph Collection and The Algonquin Golf Course
InnVest Hotels has acquired The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection and The Algonquin Golf Course.
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Mews acquires Hotello, will expand North American operations
Mews, a hospitality technology and cloud-based property management systems (PMS), has acquired Hotello, the Montreal-headquartered cloud PMS solution for hotel properties.
The acquisition aims to strengthen the growth strategy for Mews in North America, and more specifically the Canadian market. Terms of the acquisition were not disclosed.
"The PMS category continues to experience remarkable innovation and growth," said Richard Valtr, founder of Mews. "Hotello has everything we're looking for in an acquisition: great people, great customers and a passion for hotel technology. This partnership also represents a further investment in the North American markets where we continue seeing strong adoption of cloud and autonomous technologies, and hospitality brands looking for solutions that will serve them long into the future. I'm delighted to bring Hotello into the Mews family," he said.
Founded in 2001, the PMS Hotello is focused on delivering exceptional user experience and unlimited integrations. Its technology stack is focused on seamless communication between systems, people and environments. Hotello has approximately 500+ customers in Canada and the United States and a team with deep experience in technology enablement for hotel operations.
"When I first met with Mews I could tell our visions for the future of hospitality were aligned," said Anaïs Berzi, CEO. "This is an incredibly exciting moment for the team, our customers, and the future of hospitality. We had a number of offers but Mews has a proven track record of pushing the boundaries of innovation in this space and has successfully integrated other teams and products like Hotello. We're really looking forward to what the future holds."
Before Hotello joined Mews, Mews reports surpassing 400,000 beds in operation across 3,500 customers with US$2.8 billion processed via Mews Payments, and the Mews Hospitality Cloud boasts more than 70,000 active monthly users.
The acquisition was helmed by Mews Ventures, the company's venture and investment arm. Mews Ventures was launched to accelerate the technological transformation of the hospitality industry. The Hotello acquisition represents the sixth acquisition for Mews Ventures, with previously acquired companies including Planet Winner (2019), Base7Booking (2020), Hotel Perfect (2021), Cenium (2022) and Bizzon (2022).
To learn more about the Mews Hospitality Cloud, visit https://www.mews.com/en/products.
