Booking Holdings Inc. (NASDAQ: BKNG) has completed its purchase of Getaroom from Court Square Capital Partners for $1.2 billion. The deal was previously announced November 12, 2021.
Getaroom is a B2B distributor of hotel rooms and will join Booking’s Priceline brand. The deal will form a new strategic partnerships business unit with the existing Priceline Partner Network. Following the deal, Getaroom will remain headquartered in Dallas, with CEO Matt Davis leading the new strategic partnerships business unit.
“By combining the technology and expertise of Getaroom and Priceline, we believe we can increase value for both hotel and affiliate partners,” said Brett Keller, CEO of Priceline. “We are thrilled to welcome Getaroom to the Priceline family, and look forward to learning from each other to best support our partners.”