HUBS1
| Location: | Shanghai, China |
| Reservation system database company connecting hotels in mainland China |
| Founded Company |
| Sold to private equity and then strategic |
Investment Results
- 25% IRR
- 2x return on invested Equity
Opportunity
- To bring in country and global distribution to mainland China hotels
- Travel agents are unable to determine room availability across mainland China without calling
- No central database with room availability and pricing in China
Value Added
- Built the first central reservation system in China
- HUBS1 CRS was the leading web-based, real-time central reservation system in China
- Thousands of travel agents and hotels are part of the system
