Tzell Purchase Finalized

The senior management team at Tzell Travel Group has announced that it successfully repurchased the company from Ireland-based CnG Travel Group, which bought decades-old Tzell Travel company four years ago. The $18 million buyout was led by Tzell's president and CEO Barry Liben, who spoke to Travel Agent yesterday about future plans for Tzell. "We'll continue to look at travel businesses to add to our company. Merrill Lynch financed our deal and has given us a very healthy credit line, which we plan to use; we are actively looking." Liben continued to run Tzell during the past four years, and says that he and his management team, which includes Tzell executive vice presidents David Buda and Jerry Behrens; senior vice presidents Cindy Schlansky, and Scott Booth, David Holyoke and Sara Sessa; and chief financial officer Willie Lynch, sold Tzell in 2003 because it made good economic sense at the time. All willremain in their current positions. "We wanted to bring it home," says Liben.

FREE Virtual Event

Pivoting Back to Travel: Phase 4

Are you prepared to guide your clients through the “new normal” of travel? Join us December 15, 2020 from 1pm-2:20pm EST for Pivoting Back to Travel: Phase 4. The upcoming installment of our FREE virtual series will feature presentations from the Cayman Islands, Dominican Republic, and Seabourn on their most up-to-date travel procedures, health & safety protocols they’ve implemented to keep guests safe, activities that are open to visitors, what your clients need to know while on their trip and more! Visit www.pivotingbacktotravel to view the full agenda and register for your FREE pass.
Read more on:

Suggested Articles:

Cunard Line promoted three North American employees to new roles in sales, marketing or customer service. Read more here.

The COVID Relief Now Coalition is imploring Congress to pass additional COVID-19 economic relief during the current lame duck session. Here's more.

World of Hyatt is making changes to its elite status qualifications for 2021 year by reducing the Base Point and Tier-Qualifying Night requirements.