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In late 2023, Duco Salomons launched SaloMonte Partners with the backing of international investors including Istria Capital, Ambit Partners, Evolutiq, JB46 Partners, ONEtoONE Asset Management, Novidam, and Innesto Partners. The Dutch SF has successfully concluded its search by acquiring Hotek Hospitality Group, a developer and supplier of security solutions and hotel accessories. The company was purchased from its founder, Dolf Mulder, who will remain involved as an advisor.
Headquartered in Etten-Leur, Hotek Hospitality Group is a leading provider of innovative access systems and hospitality products for hotel rooms, bathrooms, receptions, and public areas, including hair dryers, hotel safes, and minibars. Since its founding in 1999, Hotek has served over 10,000 customers worldwide. The company is known for solutions like the cloud-based Your Mobile Key, which enables contactless and sustainable guest entry. Currently deployed in over 800 European hotels and supporting over one million annual uses, the Mobile Key integrates with systems like the PMS platform Mews and serves sectors such as hotels, holiday parks, cruise ships, and serviced apartments. Hotek, which continually innovates and expands its offerings to meet the evolving needs of the industry, has a turnover of €9.6M and an adjusted EBITDA exceeding €3M.
“I am excited to take on my role as CEO at Hotek and further develop my passion for entrepreneurship,” said Duco. “Under Dolf’s leadership, Hotek has built a strong international foundation with a dedicated team that feels like family, fully committed to providing customers with the best possible hospitality experience. Together, we will continue to invest in technological solutions like our Mobile Key. This IoT solution provides guests with a secure, AES 256-encrypted entry experience without requiring an app download and offers customers a Bluetooth-free option that is both efficient and sustainable.”
Hotek aims to further expand internationally while maintaining its Dutch character and customer-oriented service.
DD: RSM / Legal: Schut Amsterdam / Debt: KwikGielen Corporate Finance
