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Sunday PropTech Acquires Fletcher Hotels in Dutch Deal
financeSkift··1 min·For: Investor, Owner, Revenue

Sunday PropTech Acquires Fletcher Hotels in Dutch Deal

India's Sunday PropTech is acquiring Dutch operator Fletcher Hotels, whose profitability heavily relies on government-funded long-stay contracts. These government accommodation deals generate roughly 80% of Fletcher's net EBITDA despite accounting for just 17% of revenue.

Key Takeaways

  1. 1Sunday PropTech agreed to acquire Fletcher Hotels and its 170 Dutch properties
  2. 2Dutch government long-stay rooms drove €22.5 million of Fletcher's €28 million EBITDA
  3. 3Government accommodation contracts yield a 45% margin versus 10% for standard hotel rooms

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Source: Skift

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