Online travel platform EaseMyTrip acquired Spree Hotels & Real Estate Pvt Ltd (Spree Hospitality) for $2.5 million.
This is EaseMyTrip’s second acquisition in the last one month. In October, the Delhi-based company signed a non-binding agreement to acquire the B2B travel marketplace Traviate.
Spree’s portfolio includes properties in the hospitality industry such as hotels, corporate guest homes, and residential clubs. The company is debt-free and operates on a low-asset basis. The fund will be used to expand the company’s presence in the hotel and vacation industry. Spree Hospitality has 1220 operational keys and hotels spread across Bengaluru, Mumbai, Pune, Chennai, Goa, Hyderabad, Kochi besides other locations.
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