M3 teams up with Blackstone to boost property software solutions.

TLDR:

Blackstone Growth has made a major investment in M3, North America’s top hospitality accounting software, to enhance software solutions for over 8,000 properties. This investment will support M3’s growth through new product development and improved adoption of its software. As a leader in back-office accounting software for the hospitality sector, M3 provides crucial technological solutions like accounting, labor management, and business intelligence tools to hotel operators.

Key Elements:

– Blackstone Growth makes a significant investment in M3 to support the company’s growth and enhance software solutions for the hospitality sector.
– M3, founded in 1998, has evolved into a leading provider of back-office accounting software for over 8,000 properties in North America.
– AAHOA, representing about 20,000 hotel owners, will also participate in this investment alongside Blackstone.
– M3 is known for providing essential technological solutions like accounting, labor management, and business intelligence tools to hotel operators.
– The partnership with Blackstone is expected to propel M3’s innovation and growth to better serve customers in an era of technological advancements.

M3 has been recognized as the leading provider of hotel accounting software and financial reporting by HotelTech Report for the past four years. The investment from Blackstone and AAHOA signifies a new phase of growth and expansion for M3, positioning the company to better serve the evolving needs of the hospitality industry.