Austin hotel tech startup Hotels for Hope is being acquired by Charlotte-based ticket and hospitality company QuintEvents.
Terms of the deal weren't disclosed, but QuintEvents said the move will help it add customizable, white-label booking platforms that centralize hotel booking. Hotels for Hope, founded by Neil Goldman, has been a booking provider for Formula 1, Lollapalooza and other events. Hotels for Hope bills itself as a for-profit social enterprise, with $2 from every actualized room night going to nonprofits that help children.
The opportunity to integrate into QuintEvents is monumental,” Goldman said in a release. “Our knowledge and proven technology will complement QuintEvents as they continue their exponential growth. We’re thrilled to be a part of the team and progress both organizations into the future.”
This isn't the first headline for 2017-born QuintEvents, which raised a corporate round of funding in 2018 that was led by Causeway Media Partners.
Editor's Note: Courtney Gabrielson contributed to this report.
