We have advised the shareholders of HotStats Limited (HotStats) on the sale of HotStats’s entire share capital to Duetto.
Headquartered in Worcester, HotStats is a global data benchmarking company, offering specialised performance analysis and a benchmarking tool that helps analyse financial and operational data from a diverse range of hotels globally. Its acquisition by Duetto, the leading revenue strategy platform for the hospitality industry, headquartered in San Francisco, US, will see it operate as a subsidiary of Duetto and become known as HotStats, a Duetto company.
Since its acquisition in 2024 by the New York based private equity firm GrowthCurve Capital, Duetto has been strategically expanding its portfolio and works with over 6,300 hotels, casinos and resorts across the world. The acquisition of HotStats is a milestone in its mission to optimise profits across every revenue stream by leveraging HotStats’ industry-leading financial benchmarking capabilities and international reach. The HotStats team, including its CEO, Michael Grove, will join Duetto to drive the business forward.
Our team was led by corporate partner Nigel Brown, supported by corporate associate Imogen Cox, corporate paralegal Thomas Haycock, and tax senior associates David Williams and Anamika Pandey.
Nigel Brown commented: “The combined expertise of HotStats and Duetto will undoubtedly create a powerful partnership in the hospitality sector, driving innovation and operational excellence on a global scale. We are proud to have guided HotStats through this key transaction, demonstrating our strong credentials in cross-border and technology transactions, to ensure a strong foundation for their next chapter of growth. Congratulations to all involved.”