Certares Management

Certares Management is a global private equity firm specializing in travel, tourism, and hospitality investments. Established in 2012, the firm has approximately $9.9 billion in assets under management, including co-investments. Certares focuses on direct investments in proprietary transactions, leveraging deep sector experience in the travel and hospitality industries, and emphasizes partnership with management teams to drive growth. The firm's portfolio includes investments in various sectors, such as business and consumer services, and it has offices in New York, Luxembourg, and Milan. Certares has a track record of strategic acquisitions, including the purchase of the Carté Hotel San Diego Downtown in July 2024 and the closing of its inaugural hospitality-focused real estate fund at $284 million in July 2023. The firm is also known for its partnership with Knighthead Capital Management to close the CK Opportunities Fund at approximately $1.5 billion in May 2021, focusing on distressed travel, tourism, and hospitality assets. Certares' investment philosophy centers on effective partnership with management, strategic and operational improvements in portfolio companies, and direct alignment with investors. The firm aims to generate long-term value by identifying and supporting businesses with significant growth potential and innovative business models. Certares' team comprises experienced professionals with deep industry, investment, transaction, and management experience, enabling them to make informed investment decisions and actively manage their investments to drive long-term value and create sustainable businesses. The firm's commitment to its core principles has established it as a leading investor in the travel and hospitality sectors, with a focus on delivering attractive risk-adjusted returns for its investors while supporting and shaping the future of these industries.