Axon Partners Group has invested in Hot Hotels, bringing the total investment in the mobile-only same-day hotel booking company to $1 million. The deal will enable Hot Hotels to develop and expand throughout Latin America, a market in which Axon has vast expertise and knowledge. The company also plans to continue to increase its customer base in Europe, with an aim to consolidate Hot Hotels’ leadership in the European mobile-only, same-day hotel booking market. “With this investment by Axon, we now have the firepower to establish clear water between ourselves and our competitors in Europe,” said Conor O´Connor, CEO of Hot Hotels. “With the expertise of Axon’s investment team, as well as its global network of offices, Axon provides a base to accelerate our roll-out in fast growing Latin America.” Hot Hotels was founded by O´Connor along with Ade Muriel, Jose M. Fernandez, and Joe Haslam in December 2011. Read more over at Skift.
