Avendra Announces Acquisition of BuyEfficient
Supports Avendra's Growth Strategy in Current and New Markets
Rockville, MD - October 14, 2015 - Avendra, North America's leading procurement services provider serving the lodging and hospitality industries, announced it has acquired BuyEfficient, an eCommerce purchasing platform dedicated to serving the hospitality industry. The purchase was made from BuyEfficient's parent company, Sunstone Hotel Investors, Inc.
“This acquisition reflects Avendra's strength in the market and is another major step in our long-term strategy to grow our business by investing in new and innovative solutions and service offerings to benefit our customers,” said Wolfram Schaefer, Avendra President and Chief Executive Officer. “We are excited to serve the BuyEfficient clients and believe the combined entity provides exciting new opportunities for customers. Customers will now be able to leverage the purchasing power and service offerings of Avendra and the Ecommerce technology platform provided by BuyEfficient.”
Avendra's extensive supply chain and purchasing solutions are tailored to meet the needs of its clients. The company has always supported a wide-range of Ecommerce platforms chosen by its customers, and the acquisition of BuyEfficient provides an additional purchasing platform that can be integrated for customers interested in this technology.
According to Sunstone President and Chief Executive Officer, John Arabia, the sale of BuyEfficient will allow Sunstone to focus on its core business of hotel ownership. “We believe that the combination of Avendra and BuyEfficient will create a world-class purchasing platform, and we look forward to being a customer of the new entity going forward,” Arabia said.
About Avendra Formed in 2001, Avendra is North America's leading procurement services provider serving the hospitality and lodging industries. Avendra customers gain access to contracts leveraging over $4 billion of annual purchases, expert advisory services and in-depth purchasing data and analysis. Through Avendra, customers obtain substantial savings on their purchases and other value added services to improve their operations and bottom line results. Seven thousand hospitality businesses rely on Avendra's procurement solutions to help meet their strategic business initiatives. The company is headquartered in Rockville, Maryland and has regional offices throughout North America. For more information, please call (866) AVENDRA, or visit www.avendra.com.
Media Contacts:
Barrie Locke Ripple Effect Communications [email protected] 617-536-8887
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
