Sabre explores $1 billion-plus sale of hospitality software unit, sources say
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Sabre is considering selling its hospitality software unit, SynXis, for over $1 billion to reduce debt. The company is collaborating with Evercore to attract potential buyers, including private equity firms. SynXis generates approximately $300 million in annual revenue. Sabre's shares have increased by 36% in the past year, with a market value of around $1.3 billion and a debt of about $4.5 billion. The SynXis unit serves over 40% of hotels globally, including major brands like Four Seasons and Hyatt.
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