Amex GBT Acquired by Long Lake, AI Specialist


Amex GBT rachetée par Long Lake, spécialisée dans l'IA - Depositphotos.com Auteur ViewApart

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American Express Global Business Travel (Amex GBT) a finalisé son acquisition par Long Lake Management dans le cadre d’une transaction entièrement en numéraire valorisant l’entreprise à environ 6,3 milliards de dollars.

Annoncée le 4 mai 2026 et approuvée par les actionnaires le 3 août, l’opération entraîne le retrait d’Amex GBT de la Bourse de New York.

Les actionnaires ont reçu 9,50 dollars par action, soit une prime de 65,1 % par rapport au VWAP sur 30 jours à la date de l’accord. Amex GBT poursuit désormais ses activités en tant que société privée.

Le financement de l’acquisition repose sur des fonds propres apportés par les investisseurs existants de Long Lake et Koch Equity Development, ainsi que sur un financement par emprunt.


Long Lake prévoit d’intégrer ses équipes d’ingénierie IA aux équipes d’Amex GBT

This acquisition is expected to bolster Amex GBT’s artificial intelligence capabilities. Long Lake plans to merge its AI engineering teams with Amex GBT’s engineering workforce.

“Tools for agents and AI-assisted travel advisors; clients can look forward to ongoing innovation,” explains Paul Abbott, chief executive officer of Amex GBT.

For Alex Taubman, co‑founder and CEO of Long Lake, the deal should enable us to “push the boundaries of artificial intelligence in the travel sector.”


Qui est Long Lake ?

Founded in 2023, Long Lake Management is an investment firm that positions itself as specializing in transforming service-oriented companies through artificial intelligence.

Its model involves acquiring or taking stakes in established service businesses, then deploying its own technology platform, named Nexus, to accelerate growth and enhance the customer experience.

Long Lake says it has already acquired or formed partnerships with dozens of companies. The firm is backed in particular by investors such as General Catalyst, Alpha Wave, Elad Gil, D1 and Thrive.

The acquisition of Amex GBT thus represents a major milestone for this young company, which intends to apply its AI-driven transformation approach to one of the world’s leading players in business travel.

Laguna Colorada: Why Bolivia’s Blood-Red Lake Draws Flamingos Amid Volcanoes

Altitude Mirage? After all, to reach this point, one had to climb to 4,278 meters in the Bolivian Altiplano, near the border with Chile. Surrounded by imposing volcanic cones, the laguna Colorada, a 60-square-kilometer hypersaline lake, reveals waters whose hues range from brick red to blood red.

Where Is France’s Largest Lake Located?

Behind this seemingly simple question lies an important distinction among the different types of bodies of water and the criteria used to compare them. Depending on whether one considers borders, the origin of the lake, or its total surface area, the ranking can indeed yield some surprises.

What are the criteria for determining the size of metropolitan France’s lakes?

Lakes classifications for the largest bodies of water in France vary. While most sites are common to these retrospectives, they do not always rely on the same criteria. These criteria primarily hinge on surface area and water volume, which can lead to estimates of depth and underwater configuration. It is also important to clearly distinguish the categories involved, such as natural versus artificial lakes, freshwater versus saltwater lakes.

Another peculiarity concerns territorial distribution. Some lakes are shared by several countries. Border or cross-border locations must be taken into account. Others are located entirely within France. Calculations can consider only the portion that lies on a given territory rather than the lake in its entirety. These criteria help explain the common confusion surrounding Lake Geneva (Lac Léman), Bourget, Hourtin-Carcans, and Serre-Ponçon.

What are the three largest natural lakes in France?

Lake Geneva, or Lac Léman, is regarded as the largest lake in the Hexagon. It spans 234 km² within French borders. That accounts for only about 40% of its total area. With Switzerland, its combined area is a little over 582 km². It offers a wide range of nautical activities, notably in the towns of Thonon-les-Bains, Yvoire, and Sciez.

Next comes Hourtin-Carcans Lake with about 56 km². Located in the Gironde department, it is also the largest freshwater lake in France. The commune of Carcans-Maubuisson hosts a nautical base, while Hourtin has a port. Still in the Nouvelle-Aquitaine region, one can mention Lac de Cazaux et de Sanguinet. Its area is 55 km².

What are the ten largest artificial lakes in France?

Among the largest lakes in France, one can also focus on artificial bodies of water. In the top 10 of the most extensive sites, still in metropolitan France, the following are found:

  • Lake Der-Chantecoq with 48 km²;
  • Lake Serre-Ponçon with 28 km²;
  • Lake Sainte-Croix with 22 km²;
  • Lake Vouglans with 17 km²;
  • Lake Pareloup with 13 km²;
  • Lake Bort-les-Orgues with 11 km²;
  • Lake Vassivière with 10 km²;
  • Lake Salagou with 7 km²;
  • Lake Castillon and Lake Pannecière with 5 km².

What are the five largest lakes in Europe?

With a border-sharing arrangement among many countries, including Russia and Iran, the Caspian Sea is considered a lake for legal purposes. Covering 371,000 km², it is the largest lake in Europe and in the world. If we stay on the European continent, including its eastern part, other sites can be mentioned:

  • Lake Ladoga in Russia with 16,400 km²;
  • Lake Onega in Russia with 9,890 km²;
  • Lake Kuybyshev in Russia with 6,450 km²;
  • Lake Vänern in Sweden with 5,650 km².

In Western Europe, one also finds Lake Saimaa in Finland with 4,380 km² and Lake Vättern in Sweden with 1,900 km².

What are the five largest lakes in the world?

After the Caspian Sea and its 371,000 km², other large lakes can be found around the world. This ranking includes artificial and natural lakes, without regard to borders. It includes salty and freshwater bodies. Here are the four other largest lakes in the world:

  • Lake Superior in North America (Canada and United States) with 82,100 km²;
  • Lake Victoria in Africa (Kenya, Uganda, Tanzania) with 69,485 km²;
  • Lake Huron in North America (Canada and United States) with 59,600 km²;
  • Lake Michigan in North America (United States) with 57,750 km².

Thus, there is a clear dominance of the Great Lakes on the North American continent.

From Camping to Hospitality: Huttopia Opens Two New Properties at Lake Aiguebelette


Philippe Bossanne, cofondateur d'Huttopia entouré du directeur d'Huttopia Domaine du Lac, des élus de la région, dont le maire de Lépin-Le-Lac - Photo CE

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« This is an event for the group » announced Philippe Bossanne, co-founder of Huttopia, this Thursday, July 9, on the occasion of the inauguration, not of one but of two new sites on the shores of Lake Aiguebelette in Savoie.

The group strengthens its regional presence with the simultaneous opening of two new addresses: Huttopia Domaine du Lac – Maison Ronde, combining hotel service with nature-oriented accommodations, and OnlyCamp Le Ferrand, a campsite dedicated to tents, vans and other caravans.

With this double inauguration, Huttopia now brings the number of its establishments around the lake to four, alongside Huttopia Lac d’Aiguebelette and OnlyCamp Les Peupliers.

In total, the group says it has invested nearly 20 million euros around Lake Aiguebelette since its arrival in 2017, « without resorting to public funding » insists Philippe Bossanne.



La Maison Ronde rénovée : hôtel 3 étoiles de 13 chambres, réception, bar, terrasse... - Photo CE

The flagship project concerns the transformation of Huttopia Domaine du Lac – Maison Ronde.

« The overall project cost us nearly €9 million » specifies Philippe Bossanne during the inauguration.

It includes notably the revival of La Maison Ronde. Built in the 1920s–1930s as a hotel, the establishment later became a holiday center in the 1950s before closing its doors for almost three decades.

« I didn’t even know that this building stood right next to the Le Curtelet campsite, which we had acquired », recalls the founder. Fascinated for a long time by its architecture, he eventually decided to undertake a rehabilitation project that he now acknowledges as particularly ambitious.

« Wanting to rehabilitate this building wasn’t very reasonable », acknowledged Philippe Bossanne at the inauguration. The leader explains that he quickly realized the project would exceed the initial estimates.

For several decades, the building remained abandoned. In 2020, Serge Grollier, the Mayor of Lépin-le-Lac, took the matter in hand again and launched a call for proposals: « When we visited La Maison Ronde in 2020, we found a real ruin, with many brambles on the site, but we were convinced it needed to be brought back to life », he recalled during the inauguration.

In 2022, the choice fell on an operator who wished to transform the site into a youth hostel, but the project did not go through. It was in 2023 that the search for investors was restarted and Huttopia was approached.

« It is a success when you see the quality of the result obtained by Huttopia and the companies that contributed to the projects, after only seven months of work, five of which were carried out in the mud due to heavy rains. Opening for the 2026 season is a real feat » added the Mayor.


The new Domaine du Lac combines hotel, hotel lodges, canvas-and-wood tents, and chalets


L'espace de séminaire associé à l'offre hôtelière permet de diversifier l'offre sur le Domaine du Lac - Photo CE

« We do not have a financial shareholder demanding dividends every year. This allows us to reinvest and carry out this type of project », explained the Huttopia co-founder, asserting a participatory family capitalism.

If the Domaine du Lac is operated under a 90-year lease, Philippe Bossanne acknowledges that the challenge now is economic. « The balance of such a project is not obvious. It will have to appeal and attract a lot of people »

The new Domaine du Lac now combines several activities on a single site: a 13-room 3-star hotel in La Maison Ronde along with 12 wooden hotel lodges, 59 outdoor accommodations (32 wooden chalets and 27 canvas-and-wood tents), a café, a beach, a jetty, water activities as well as an old hunting pavilion converted into a seminar space capable of hosting up to 80 people.

« This hotel offering with our hotel lodges and the seminar space will allow us to fill the wings during the shoulder seasons, and perhaps in autumn as well. We must always pursue the project’s viability. » states the group’s founding president.

The establishment will be open from April to mid-November and aims at both local clientele—particularly from Lyon and Chambéry—and international visitors. The Maison Ronde could also, in a later phase, develop a dining offer for local customers: « We have planned it, but for now it is not on the agenda. »


A development built around the lake


Vue sur le lac d'Aiguebelette depuis le Domaine du Lac - Photo CE

The history of Huttopia at Aiguebelette developed gradually.

Philippe Bossanne explains that he was first approached by local officials to develop the first Huttopia campground on the lake: Huttopia Lac d’Aiguebelette opened in 2017.

The success of this installation then led the group to take over Les Peupliers, and, during a real estate visit, the OnlyCamp Le Curtelet campsite, which has become today Huttopia Domaine du Lac.

In addition, there is a fourth address, adjacent to Les Peupliers, the OnlyCamp Le Ferrand, inaugurated on this same day in its new configuration.

The two sites will also be brought together next year to become OnlyCamp Grands Peupliers.


OnlyCamp Le Ferrand: €1 million invested


OnlyCamp Le Ferrand a bénéficié d'une rénovation l'hiver dernier pour 1 million d'euros - Photo CE

The OnlyCamp Le Ferrand campsite also underwent an investment of more than €1 million.

The works mainly focused on infrastructure, the complete renewal of networks, the creation of a new sanitary block, the modernization of the living center, and the development of a dining offer.

Faithful to its philosophy, the site is dedicated to bare pitches. « We decided to make it a 100% pitch campsite, where people arrive with their tent, caravan, van or motorhome », explained Philippe Bossanne.

The site now has 190 bare pitches spread over four hectares, with direct lake access.

For Axel Pénin, the managing director of OnlyCamp, this strategy responds to a sustained demand from traditional campers. The brand network, now with 104 destinations, favors bare pitches, simple yet high-quality facilities and a deliberately affordable pricing policy: « A family with two children can spend a week in the heart of summer for less than €250 », he notes.

A single rate is applied across all OnlyCamp campgrounds, regardless of location.

Pitches for two people are offered at €12 (no swimming) or €15 (with swimming) in off-peak season, then €17 and €24 between July 1 and August 31.


Huttopia Le Domaine du Lac – Maison Ronde under the spotlight


Céline Eymery Published by Céline Eymery Editor-in-Chief – TourMaG.com
See all articles by Céline Eymery

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Business Travel: Long Lake Acquires Amex GBT


Amex GBT va passer sous pavillon privé après son rachat par Long Lake - DepositPhotos.com, Rawpixel

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American Express Global Business Travel a annoncé, le 4 mai 2026, avoir conclu un accord définitif en vue de son acquisition par Long Lake Management, dans le cadre d’une transaction d’une valeur d’environ 6,3 milliards de dollars.

“Aux termes de l’accord, les actionnaires d’Amex GBT recevront 9,50 $ par action en espèces, ce qui représente une prime de 60,2% par rapport au cours de clôture de l’action Amex GBT le 1er mai 2026, le dernier jour de bourse complet avant l’annonce de la transaction, et une prime d’environ 65,1% par rapport au prix moyen pondéré par les volumes de l’action Amex GBT pour les 30 jours se terminant le 1er mai 2026“, selon le communiqué officiel.

La transaction devrait être finalisée au cours du second semestre 2026, sous réserve notamment de l’approbation des actionnaires d’Amex GBT et l’obtention des autorisations réglementaires requises.

Une fois la transaction finalisée, les actions ordinaires d’Amex GBT ne seront plus cotées en bourse et Amex GBT deviendra une société privée.

A noter qu’American Express, Expedia, Qatar Investment Authority et BlackRock, représentant collectivement 69% des actions de GBT, ont conclu des accords de vote en faveur de la transaction.

Lire aussi : Read also: What challenges for business travel in 2026?


Behind this acquisition, an acceleration of the transformation of business travel

The deal is financed by a combination of equity contributed by Long Lake’s existing investors and Koch Equity Development LLC (“Koch”), Koch, Inc.’s main investment and acquisition arm, and by a debt financing guaranteed by JPMorgan, Bank of America, Citi and MUFG.

It marks the shift of a key publicly traded player to a private model, potentially more agile in its technology investments.

“Thanks to Long Lake’s applied artificial intelligence capabilities, our travel expertise, our global reach and decades of trusted relationships with clients and suppliers, Amex GBT is a driver of transformation for business travel“, stated Paul Abbott, Chief Executive Officer of Amex GBT.

“The future of business travel will rest on seamless collaboration between AI and human agents, serving every traveler: shorter booking lead times, proactive handling of contingencies and simplified travel administration. In partnership with Long Lake, Amex GBT will continue to invest heavily in these technologies and maintain its status for excellent customer service” added, for his part, Alex Taubman, co-founder and CEO of Long Lake.

For reference, American Express Global Business Travel (Amex GBT) is a leader in software and services for travel, expense management and the organization of meetings and events, operating in more than 140 countries.

Read also: Amex GBT, Marietton, ATPI: the behind-the-scenes of consolidation in business travel