dmg events acquires Atticus events and hotel interior design series HI Design

dmg MEAAdmg events Middle East, Asia & Africa, a leading international events company, has acquired boutique business forum organiser Atticus Events’ HI Design portfolio. The terms of the transaction were not disclosed.

Focused specifically on the interior design of luxury hotels, HI Design organises specialist business meetings between key buyers from currently active hotel projects and a curated selection of International FF&E suppliers. With each edition held in a different five star hotel location, HI Design events are currently run annually in Europe, Asia and MEA.

Matt Denton, President of dmg events Middle East, Asia & Africa, said, “The HI Design portfolio dovetails perfectly with the work our teams do with INDEX and the growing selection of Hotel Shows. The acquisition of HI Design gives us another way to serve our market, bringing suppliers together with buyers from four and five-star hotel projects in a well-controlled atmosphere primed for doing good business.”

UAE, Dubai & UK, Hertfordshire

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Expedia to acquire majority of trivago

expediaExpedia is to acquire a 61.6% equity position in trivago, a metasearch company headquartered in Germany, for  €477 million including €434 million in cash as well as €43 million in Expedia  stock.

“The trivago team built one of the largest, fastest growing and most well known travel sites in Europe conducting more than 100 million hotel searches annually through a culture focused on developing great products, building a strong brand and promoting partners’ businesses. These attributes closely align with our Expedia, Inc. strategy and values and we are thrilled to have them join our portfolio,” said Dara Khosrowshahi , Expedia, Inc. President and Chief Executive Officer.

Founded seven years ago, trivago quickly grew into a consumer champion for hotel accommodation featuring comprehensive search results from over 600,000 hotels across over 140 booking sites in over 30 countries in 23 languages. Through its primarily cost-per-click revenue model, trivago profitably doubled revenue each year since 2008 and currently expects to deliver approximately €100 million in net revenue for 2012.

The deal is anticipated to close during the first half of 2013. Post close, the trivago co-founders and management team will continue to operate independently based out of trivago’s headquarters in Dusseldorf, Germany.

USA, Bellevue, WA & Germany, Dusseldorf

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HotelTonight acquires PrimaTable; Brings on All-Star Team to Drive Product Strategy

HotelTonight, the last-minute hotel booking app, has made its first acquisition. It has acquired San Francisco-based restaurant reservation start-up PrimaTable. Launched in December 2010, HotelTonight has so far raised $35.7 million. The terms of the acquisition were not disclosed.

PrimaTable has built a sophisticated platform to help restaurants optimise revenue and better manage their scarce table resources. HotelTonight will be incorporating this platform into its own yield management system, presently targeted at top quality hotels.

Jamie Davidson, Co-Founder and CEO of PrimaTable, will join HotelTonight as Vice President of Product. Colin Zima, Co-Founder of PrimaTable, will join as Data Scientist.

Sam Shank, Co-Founder and CEO, HotelTonight said, “We’re thrilled to be working with the PrimaTable team to continue to make booking a hotel room at the last-minute a seamless and magical process for consumers, and a windfall for hotels. When we look to acquire companies we look first and foremost at the talent. It’s clear that we struck gold with the PrimaTable team — not only are they brilliant, they also have more experience solving these problems than practically anyone else in the world.”

USA, San Francisco, CA