Gulf Capital to Sell DOTW for US$173 Million (MENA)
Posted On: 05 Nov 2018 | Source(s): Gulf Capital
Australia-based online travel site Webjet has agreed to acquire Dubai-based business-to-business (B2B) accommodation wholesaler Destinations of the World (DOTW) from Middle East- and Africa-focused alternative investment firm Gulf Capital, as well as DOTW’s founder and management team, for US$173 million. DOTW, which operates in the Middle East, Europe, Asia Pacific and the Americas, connects hotels to travel bookers and retailers. Gulf Capital originally invested in the company in August 2014.