Hospitality Technical Services (HTS)

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Hospitality Technical Services (HTS) - overview

Location

-, KY, US

Primary Industry

Telecoms

About

Hospitality Technical Services (HTS) delivers specialized technology solutions for the hospitality industry, focusing on connectivity and communication enhancements to improve operational efficiency and guest experiences. Hospitality Technical Services (HTS) operates in the hospitality technology sector, providing tailored solutions. HTS was acquired by Thing5, a portfolio company of TZP Group, in May 2015, though specific financial details were not disclosed. The company is headquartered in Crestview Hills, US.


The founder, Hamilton da Silva, has a history in the technology sector, although there is no mention of other companies he has founded. The current CEO is Akinpelumi Adeniran, alongside Anand Jain and Manoj Bele. Hospitality Technical Services (HTS) specializes in comprehensive technology solutions for the hospitality industry. Their offerings include advanced low voltage structured cabling systems, ultra-fast fiber optic cabling, and integrated audio-visual systems aimed at enhancing communication within hospitality venues.


Additionally, HTS provides continuous surveillance with state-of-the-art CCTV systems and precision Wi-Fi mapping services using Ekahau technology to optimize wireless performance. The company serves luxury hotels, resorts, and event venues, primarily in high-demand markets across the United States, including urban centers and tourist destinations. HTS generates revenue through a B2B model, engaging with hospitality providers for deploying technology solutions. Transactions are typically structured around service agreements and project-based contracts, focusing on customized solutions that meet client needs.


These agreements often include the installation of products like CAT6/CAT6A cabling and sophisticated audio-visual setups, facilitating seamless technological integration within hospitality settings. Specific pricing details are proprietary, but the company aims to deliver value through reliable service packages, fostering long-term partnerships in the hospitality sector. HTS is focused on future growth by designing upcoming products that improve technology integration in hospitality environments. The company aims to expand into new markets, particularly targeting urban centers and tourist hotspots in the United States, by the end of 2023.


Recent funding from the acquisition by Thing5 in May 2015 will support these expansion initiatives and product development efforts.


Current Investors

Thing5 LLC

Primary Industry

Telecoms

Sub Industries

Internet Service Providers

Website

www.htsnow.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Hospitality Technical Services (HTS) - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedHospitality Technical Services (HTS)-

Displaying 1 - 1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.