Fletcher Hotels agrees to takeover by Sunday PropTech

Fletcher Hotels, which describes itself as the Netherlands’ largest hotel group, has agreed to be acquired by international hotel operator and property owner Sunday PropTech. The deal covers all of Fletcher and was agreed with current owner Egeria and Fletcher’s management, the hotel group said.

Founded in 1997, Fletcher has 170 hotels, according to the company. The announcement did not disclose the financial terms or say when the acquisition is expected to be completed.