Room 77(R) Names Drew Patterson CEO

Room 77(R) Names Drew Patterson CEO 
Former Kayak Exec and Jetsetter Co-Founder and CEO Takes Helm of
Rapidly Growing Hotel Search Engine 
MOUNTAIN VIEW, CA -- (Marketwire) -- 03/28/13 --  Hotel search engine
Room 77 today announced travel industry and search veteran Drew
Patterson, 36, has been named chief executive officer. This
appointment comes on the heels of a $30 million financing round the
company recently announced, which is being used to accelerate Room
77's growth and international expansion. 
"Room 77 has experienced tremendous growth in the last year, and Drew
has the perfect background in travel and search to help take the
company to the next level," said Brad Gerstner, founder and Chairman
of Room 77. "The Room 77 team has built an incredible hotel search
engine, which customers are raving about because it's faster, easier
to use and it's helping them find better deals. Drew's history as a
product pioneer and brand builder will continue that momentum and
help deliver our message to a much broader audience. We could not be
more excited for him to be joining at this key moment in the
company's growth cycle." 
Patterson, a graduate of Harvard College and Columbia Business
School, is a seasoned travel executive. As one of the founding
employees at travel metasearch site Kayak, he was instrumental in
building the business and brand, serving in business development
roles and then as vice president of marketing. He left Kayak in 2009
to co-found Jetsetter, which he helped build into the leading travel
brand in the flash sales segment with more than $100 million gross
After leaving Jetsetter, Patterson co-founded a stealth mobile hotel
startup called CheckMate, which Room 77 is simultaneously acquiring
as part of Patterson's appointment. The CheckMate product and team
are a great complement to Room 77's mission of building the world's
best hotel search engine.  
"Room 77 is an incredible company with a world-class team. Their
history of product innovation is impressive, and Room 77 has created
an experience that travelers love and use again and again," said
Patterson. "Travel search is a category with huge potential, further
accelerated by the rapid shift to mobile. I'm thrilled to get back to
my search roots in an industry I love, and I look forward to building
Room 77 into a global hotel search leader." 
The company has raised $43.8 million to date from leading companies,
venture capitalists and high-profile angels, including Expedia, Inc.;
Concur Technologies; General Catalyst Partners; Sutter Hill Ventures;
Rich Barton, founder of Expedia; Erik Blachford, former CEO of
Expedia and IAC Travel; Spencer Rascoff, co-founder of Hotwire and
CEO of Zillow; Hugh Crean, former CEO of Farecast; and Bob Pittman,
founder of MTV, among others. 
About Room 77
 Room 77 is a growing hotel search engine where
travelers can instantly shop hundreds of travel sites at once to find
great hotel deals. By combining fast and comprehensive search
technology with unprecedented service, Room 77 is proving it helps
users save time and money -- and score a great room. Two out of three
searches on Room 77 uncover real hotel savings, averaging $72 per
stay -- this translates to more than $7 million in found savings for
Room 77 customers. And, only Room 77 offers free Room Concierge
service, which leverages Room 77's proprietary room data and insights
to get travelers in a room that meets their needs. The appreciation
customers have for Room 77 shines through in its high Reseller Rating
of 9.38. Based in the Silicon Valley, Room 77 launched out of beta in
2012, and has raised $43.8 million. For more information, visit 
Room 77 is a registered trademark of Room 77, Inc. 
Mel Bolton