NextTrip Closes on 49% Stake in Five Star Alliance
NextTrip (NASDAQ:NTRP) has completed its acquisition of a 49% stake in Five Star Alliance, a luxury travel agency, with an option to acquire full ownership by April 7, 2025. The deal was financed through a combination of cash and NextTrip shares, following terms from a November 2024 LOI.
Five Star Alliance, established in 2004, specializes in luxury hospitality with over 5,000 five-star properties worldwide and maintains a 4.9-star Trustpilot rating. The acquisition is expected to be earnings accretive, combining both companies' technology, supplier relationships, and customer networks.
As part of the transaction, Five Star Alliance's CEO John P. McMahon has joined NextTrip's management team. The company distinguishes itself from traditional online travel agencies by focusing on premium service and exclusive perks.
NextTrip (NASDAQ:NTRP) ha completato l'acquisizione di una partecipazione del 49% in Five Star Alliance, un'agenzia di viaggi di lusso, con un'opzione per acquisire la piena proprietà entro il 7 aprile 2025. L'accordo è stato finanziato attraverso una combinazione di denaro e azioni di NextTrip, seguendo i termini di una lettera di intenti del novembre 2024.
Five Star Alliance, fondata nel 2004, si specializza nell'ospitalità di lusso con oltre 5.000 strutture a cinque stelle in tutto il mondo e mantiene un punteggio di 4,9 stelle su Trustpilot. Si prevede che l'acquisizione contribuisca agli utili, combinando la tecnologia di entrambe le aziende, le relazioni con i fornitori e le reti di clienti.
Come parte della transazione, il CEO di Five Star Alliance, John P. McMahon, è entrato a far parte del team di gestione di NextTrip. L'azienda si distingue dalle tradizionali agenzie di viaggio online concentrandosi su un servizio premium e vantaggi esclusivi.
NextTrip (NASDAQ:NTRP) ha completado la adquisición de una participación del 49% en Five Star Alliance, una agencia de viajes de lujo, con la opción de adquirir la propiedad total antes del 7 de abril de 2025. La operación fue financiada a través de una combinación de efectivo y acciones de NextTrip, siguiendo los términos de una carta de intenciones de noviembre de 2024.
Five Star Alliance, establecida en 2004, se especializa en hospitalidad de lujo con más de 5,000 propiedades de cinco estrellas en todo el mundo y mantiene una calificación de 4.9 estrellas en Trustpilot. Se espera que la adquisición sea accretiva para las ganancias, combinando la tecnología de ambas empresas, las relaciones con proveedores y las redes de clientes.
Como parte de la transacción, el CEO de Five Star Alliance, John P. McMahon, se ha unido al equipo de gestión de NextTrip. La empresa se distingue de las agencias de viajes en línea tradicionales al centrarse en un servicio premium y beneficios exclusivos.
NextTrip (NASDAQ:NTRP)는 럭셔리 여행사인 Five Star Alliance의 49% 지분을 인수하였으며, 2025년 4월 7일까지 전체 소유권 인수 옵션이 있습니다. 이 거래는 현금과 NextTrip의 주식을 조합하여 자금을 조달하였으며, 2024년 11월의 의향서 조항에 따라 진행되었습니다.
2004년에 설립된 Five Star Alliance는 전 세계에 5,000개 이상의 5성급 시설을 보유한 고급 환대 전문 기업이며, Trustpilot에서 4.9점의 평점을 유지하고 있습니다. 두 회사의 기술, 공급업체 관계 및 고객 네트워크를 결합하여 인수가 수익을 증가시킬 것으로 예상됩니다.
거래의 일환으로 Five Star Alliance의 CEO인 John P. McMahon이 NextTrip의 경영진에 합류하였습니다. 이 회사는 프리미엄 서비스와 독점 혜택에 중점을 두어 전통적인 온라인 여행사와 차별화됩니다.
NextTrip (NASDAQ:NTRP) a finalisé l'acquisition d'une participation de 49 % dans Five Star Alliance, une agence de voyages de luxe, avec une option d'acquisition de la pleine propriété d'ici le 7 avril 2025. L'accord a été financé par une combinaison de liquidités et d'actions NextTrip, conformément aux termes d'une lettre d'intention de novembre 2024.
Five Star Alliance, fondée en 2004, se spécialise dans l'hospitalité de luxe avec plus de 5 000 établissements cinq étoiles dans le monde et maintient une note de 4,9 étoiles sur Trustpilot. L'acquisition devrait être génératrice de bénéfices, combinant la technologie des deux entreprises, les relations avec les fournisseurs et les réseaux de clients.
Dans le cadre de la transaction, le PDG de Five Star Alliance, John P. McMahon, a rejoint l'équipe de direction de NextTrip. L'entreprise se distingue des agences de voyages en ligne traditionnelles en se concentrant sur un service premium et des avantages exclusifs.
NextTrip (NASDAQ:NTRP) hat die Übernahme von 49% der Anteile an Five Star Alliance, einer Luxusreiseagentur, abgeschlossen, mit der Möglichkeit, bis zum 7. April 2025 die volle Eigentümerschaft zu übernehmen. Die Vereinbarung wurde durch eine Kombination aus Bargeld und NextTrip-Aktien finanziert, entsprechend den Bedingungen eines Absichtsschreibens aus November 2024.
Five Star Alliance, 2004 gegründet, ist auf Luxus-Hotellerie spezialisiert und verfügt über mehr als 5.000 Fünf-Sterne-Immobilien weltweit und hält eine Trustpilot-Bewertung von 4,9 Sternen. Von der Übernahme wird erwartet, dass sie gewinnsteigernd ist, da sie die Technologie beider Unternehmen, die Beziehungen zu Lieferanten und die Kundennetzwerke kombiniert.
Im Rahmen der Transaktion ist der CEO von Five Star Alliance, John P. McMahon, dem Managementteam von NextTrip beigetreten. Das Unternehmen unterscheidet sich von traditionellen Online-Reisebüros, indem es sich auf Premium-Service und exklusive Vorteile konzentriert.
- Option secured to acquire remaining 51% ownership by April 7, 2025
- Transaction expected to be earnings accretive
- Integration of 5,000+ luxury properties into portfolio
- High customer satisfaction evidenced by 4.9-star Trustpilot rating
- None.
Insights
This strategic acquisition marks a significant pivot for NextTrip into the high-margin luxury travel segment. Five Star Alliance's established position in the luxury market, with over 5,000 premium properties and an exceptional 4.9-star Trustpilot rating, provides NextTrip immediate credibility in a segment where brand trust is paramount.
The deal structure reveals sophisticated financial engineering: 1) The initial 49% stake limits immediate capital outlay while providing significant operational influence 2) The option to acquire full ownership by April 7, 2025 offers strategic flexibility and potential upside capture 3) The mixed consideration of cash and stock preserves liquidity while aligning interests.
Several synergistic opportunities emerge:
- Technology integration can enhance booking efficiency and customer experience
- Cross-selling opportunities across customer bases
- Consolidated supplier negotiations for better rates
- Shared operational infrastructure reducing costs
The accretive nature of the acquisition suggests immediate earnings enhancement, likely driven by:
- Higher margins in luxury segment compared to traditional travel bookings
- Operational cost synergies
- Revenue enhancement through cross-platform opportunities
The retention of Five Star's CEO McMahon in NextTrip's management team indicates commitment to preserving Five Star's market positioning while facilitating smooth integration. This structure maintains continuity for luxury clients while enabling technology and operational improvements.
Secures Option to Acquire Full Ownership
SANTA FE, NM / ACCESS Newswire / February 11, 2025 / NextTrip, Inc. (NASDAQ:NTRP) ("NextTrip" or the "Company"), a leading travel technology company, today announced it has closed its previously announced acquisition of a
The acquisition was funded through a combination of cash on hand and NextTrip shares, with terms based on the November 2024 Letter of Intent (LOI). The acquisition is expected to be accretive to earnings, leveraging shared technology, supplier relationships, and customer networks to drive growth.
Founded in 2004, Five Star Alliance specializes in five-star hotels and resorts worldwide, offering a curated selection of over 5,000 luxury properties. With a 4.9-star Trustpilot rating, the company is known for its exclusive rates and personalized service.
A Shared Vision for Luxury Travel
"We are excited to join forces with NextTrip to deliver a seamless luxury travel experience," said John P. McMahon, CEO and significant owner of Five Star Alliance. "Unlike traditional online travel agencies, we prioritize the traveler, offering the best rates, exclusive perks, and premium service. Partnering with NextTrip allows us to scale while maintaining our commitment to exceptional customer experiences."
As a part of the initial transaction, Mr. McMahon has joined the NextTrip management team.
For details, please refer to NextTrip's Current Reports on Form 8-K filed with the SEC relating to this transaction.
About Five Star Alliance
Five Star Alliance has been a leader in luxury travel by offering the most comprehensive, hand-picked collection of five-star luxury hotels and resorts worldwide since 2005. Backed by an award-winning staff to guide and assist guests throughout their entire journey, Five Star Alliance provides a full range of travel products including airfare, transportation, luxury river and ocean cruises, group and meeting services, concierge services, and more. Five Star boasts an industry-leading customer satisfaction rating of 4.9 stars on Trustpilot. For more information visit www.fivestaralliance.com.
About NextTrip
NextTrip (NASDAQ: NTRP) is a technology-driven platform delivering innovative travel booking and travel media solutions. NextTrip Leisure provides individual and group travelers with vacations to the most popular and sought-after destinations in Mexico, the Caribbean and across the world. NextTrip Media platform - Travel Magazine offers a social media platform for viewers to explore, educate and share with friends their "bucket list" travel. Additionally, NextTrip is launching an end-to-end content ecosystem that uses AI assisted travel planning capturing advertising, building brand awareness, rewarding loyalty and driving bookings. For more information and to book a trip, visit www.nexttrip.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, expectations regarding the acquisition of Five Star Alliance interests by the company, including related to the synergies of the two businesses and future plans related thereto, the company's option to purchase the remaining interests in Five Star Alliance, expected benefits of the transaction and any other statements regarding the company's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to: the risk that the required conditions underlying the company's option to purchase the remaining interests may not be satisfied; even if such conditions are satisfied, the company may not elect to exercise its option to purchase the remaining interests in Five Star; risks that the transaction disrupts the company's current plans and operations; the diversion of management's time on transaction-related issues; continued availability of capital and financing for the company; the risk that any announcements relating to the transaction could have adverse effects on the market price of the company's common stock or operating results; and the risk that the transaction and its announcement could have an adverse effect on the ability to retain and hire key personnel, to retain customers and/or to maintain relationships with business partners, suppliers and customers. The company can give no assurance that it will acquire the remaining interests in Five Star Alliance. The company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise, except as required by applicable law. For additional information regarding risks and uncertainties that could impact NextTrip's forward-looking statements, please see disclosures contained in the company's Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC on September 4, 2024 and our other filings with the SEC which may be viewed at www.sec.gov.
Contacts
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
NTRP@mzgroup.us
www.mzgroup.us
SOURCE: NextTrip, Inc.
View the original press release on ACCESS Newswire
FAQ
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