Chief executive Gareth Williams said: "Our users are going to love hotel search as a result of this acquisition.
"We built the best flight search product anywhere in the world.
"We then expanded that offering into car rental. And today we've taken a big step towards completing the picture in the space of hotel search."
Skyscanner's acquisition comes at a time when it is also moving rapidly into the Americas, including the US, Canada and Latin American markets.
The company has just opened a Miami hub office for the Americas region and is working to build a healthy business in the US and other Americas markets.
Skyscanner has seen rapid growth in recent times, with more than 25 million people downloading its flight search app.
The business currently employs 250 staff across five offices in Edinburgh, Glasgow, Singapore, Beijing and Miami.
Last month it announced plans to recruit 250 more people over the next year to support its global expansion plans.