Existing investor Telescope Partners led the round with participation from funds managed by Blackstone.

The investment values Hotel Engine at $1.3 billion, nearly 9 times higher than the Series A just two years ago. In 2019, Hotel Engine raised $16 million in funding with over a $150 million valuation.

Hotel Engine is the world's largest Lodging Performance Network, established to create a richer, more rewarding business travel experience by connecting a global network of businesses and lodging partners. The collective power of the network delivers significant savings, convenience and choice to business travelers, while driving significant and differentiated business to lodging partners. Hotel Engine is trusted by 550,000+ individual members across 40,000+ businesses and 700,000 hotels in 185+ countries.