DENVER, Colo., March 8, 2016 /PRNewswire/ — The Stage Fund exited Groople, LLC., to a group with extensive industry experience led by prior Hotels.com executive John Butler who has spent over 25 years in the hospitality business and has covered the bases from individual hotel operations, to managing a portfolio of properties, to leading group sales globally for Expedia, Inc.
Groople is an online hotel-booking platform that specializes in group travel allowing the user a streamlined approach to arranging complex itineraries. Hospitality and a personalized, one-on-one approach to customer service are just a few of the perks of booking with Groople as well as flexible payment policies, online room assignment capability, and access to hotels around the world. From corporations to sports teams to wedding parties, Groople finds the best hotel for the value, making trip planning as seamless as possible.
The Stage Fund purchased the distressed asset early 2011 and re-launched by the fourth quarter after stabilizing and redeveloping the core booking engine. Daniel Frydenlund, Chairman and CEO of The Stage Fund, stated: “I am thrilled to see a bright future ahead for Groople and Butler’s administration.”
About The Stage Fund
The Stage Fund, founded in 2009 by Daniel Frydenlund, is an investment firm focused on acquiring controlling interests in companies undergoing change in capital structure, strategy, operations or growth and can benefit from our operational and capital approach. The Stage Fund targets companies with a core business, products or services, revenue, strong customer relationships, and that have reached a point in their lifecycle presenting an opportunity for transformation.