Sandberg Capital acquires a majority stake in HotelTime, a leading hotel software provider, to accelerate its growth and international expansion.

Target Company Overview

Sandberg Capital, a private equity investment group, has acquired a majority stake in HotelTime, a leading hotel software provider, through its second fund, the Sandberg Investment Fund II (SIF2). This acquisition aims to accelerate the growth of HotelTime, support its expansion into international markets, and establish it as a key technological platform within the hotel sector. Established in 2002 in Prague, HotelTime is recognized globally for its cloud-based property management systems (PMS), consistently ranking among the top five PMS providers in the world according to HotelTechReport. The company dominates the Czech market and its solutions are utilized by over 700 hotels across 20 countries, demonstrating its strong position in Europe as well as in several African and Southeast Asian markets.

Industry Overview in the Czech Republic

The hospitality technology industry in the Czech Republic is rapidly evolving, driven by the increasing need for digital solutions among hotels and other accommodations. With the global trend shifting towards cloud-based management systems, companies like HotelTime have found a fertile environment to thrive. The Czech hotel sector has embraced innovation, enhancing operational efficiencies and improving guest experiences through technology.

Additionally, as international travel resumes post-pandemic, the demand for sophisticated hotel management solutions is expected to rise. Czech hotels, known for their historical