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Sunday PropTech Acquires 170-Property Fletcher Hotels
financeasianhospitality.com··1 min·For: Owner, Investor, Revenue

Sunday PropTech Acquires 170-Property Fletcher Hotels

PRISM-backed Sunday PropTech has acquired Fletcher Hotels, adding 170 properties across the Netherlands, Germany, and Belgium to its growing portfolio. The deal follows PRISM's recent European expansions as the parent company prepares for a revised $354.7 million IPO.

Key Takeaways

  1. 1Sunday PropTech acquired Fletcher Hotels' portfolio of 170 owned and partner properties.
  2. 2Fletcher operates across the Netherlands, Germany, and Belgium after adding 60 hotels in the past decade.
  3. 3Parent firm PRISM recently trimmed its planned IPO fresh issue to $354.65 million.

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Source: asianhospitality.com

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