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Fortune

Allie Garfinkle

Exclusive: Hotel Engine reaches a $2.1 billion valuation, rebrands as Engine

Engine Fortune Permira Luminate

(Credit: Engine)

Elia Wallen never expected this.

Wallen started Hotel Engine as a subsidiary of corporate housing company Travelers Haven in 2015, meeting a long-standing customer request—assistance with hotel bookings. Wallen founded Travelers Haven in 2008 (the company reached $100 million in revenue in 2022, and was acquired by Blueground in 2023). But over time, the Hotel Engine side project gained more and more traction, becoming impossible to ignore.

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