US-based hotel owner-operator MCR has acquired cloud-based hotel property management system (PMS) and contactless solutions provider, StayNTouch.
StayNTouch has been bought from global hospitality technology provider Shiji Group.
It follows after the US Government ordered Shiji to divest StayNTouch in March this year and is according to a Committee on Foreign Investment in the United States (CFIUS)-mandated sale process.
The $46m deal will see MCR retain StayNTouch as a wholly owned subsidiary. MCR has pledged to invest $10m in StayNTouch in 2021.
It will operate as a separate business. Currently, C-level leadership and a board of directors are being evaluated.
MCR/MORSE Development chairman and CEO and StayNTouch chairman Tyler Morse said: “StayNTouch is the best property management system on the market.
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“MCR will partner with StayNTouch’s team to invest in customer support, product development and technology infrastructure to continue the company’s history of innovation and expand StayNTouch’s reach around the world.”
StayNTouch’s technology needs minimum staff training and can be used anywhere as it operates on tablets and smartphones.
Currently, StayNTouch’s system is in service in 500 hotels across the globe and in more than 100,000 guestrooms.
Some of the hotels include TWA Hotel at JFK Airport, Yotel properties, MGM Resorts, Great Wolf Lodge, Modus Hotels, Mint Hotels, Conscious Hotels, Valencia Hotels and Margaritaville.
In the last five months, over 40 hotels were added to StayNTouch’s proprietary platform.
MCR owns 92 premium-branded hotels containing 15,000 guestrooms.