AccorHotels Acquires Scotland’s ResDiary

ResDiary Acquisition

French travel and lifestyle group AccorHotels has completed the acquisition of Glasgow-based table reservation company ResDiary.

ResDiary, the Scottish company which provides table-management technology to companies in the travel, hospitality and leisure industries, the been acquired by French travel giant AccorHotel for an undisclosed sum.

GCA Altium advised ResDiary on the sale to Accor, alongside a team from Scottish law firm Brodies, led by Will McIntosh, who provided legal advise to shareholders.

Founded in 2004, ResDiary employ more than 100 staff across six countries. The company supplies venues with table management technology that allows clients to optimise food and beverage revenue and control operational costs. The company boasts over 8,600 restaurants around the world (including 35 Michelin-starred restaurants), in 57 countries, with over 14 million diners per month.

Global Footprint

AccorHotels has more than 4,300 hotels, resorts and residences around the world, in addition to over 10,000 private homes. The company operates in 100 countries and employs more than 250,000 staff. Its portfolio includes luxury brands such as Raffles, Sofitel Legend, Pullman, and Swissôtel; mid-range boutique hotel brands  such as Novotel, Mercure and Adagio; and budget
brands ibis and hotelF1.

Accor’s global footprint will help ResDiary to reach more markets around the world and compete more effectively with services such as OpenTable, Bookatable (acquired by Michelin in 2016) and Resy.

ResDiary Acquisition

Sébastien Bazin, Chairman & CEO at AccorHotels, said: “I am delighted to see ResDiary join the range of services of the Group. Our ambition is to support ResDiary in its global expansion, consolidating its scale, and benefitting from its expertise to provide multiple attractive offers to our guests.

“This acquisition completes recent investments of AccorHotels in the Food & Beverage industry. It fully supports the Group’s ambition to increase touchpoints with a fast-growing customer base.”

Mike Conyers, ResDiary Co-founder and CEO: “We have had a very successful relationship with AccorHotels in Asia Pacific, and all the ResDiary team is thrilled to join the Group.

“We are looking forward to expanding our service on a more global level with AccorHotels.”

 



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