Airbnb has today signed agreements to acquire HotelTonight. The company announced the news via a press release.

One of the main goals with the HotelTonight acquisition is to allow Airbnb users to make last-minute bookings at traditional hotels when private homes are booked for portions of your stay.

This will also help bridge the gap between hotels and home hosts, allowing users to book rooms at traditional hotels, private homes, and boutique hotels using the Airbnb app.

Sam Shank, Co-founder and CEO of HotelTonight says:

Read the full press release here.