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Shiji Group reaches agreement with MCR,Sold StayNTouch for $45.5 million

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Executive favor2020-09-01

StayNTouch will continue to maintain full operations under the existing organizational structure。

Today,Global hotel industry technology provider Shiji Group (hereinafter referred to as "Shiji") announced an agreement with MCR,Selling StayNTouch for $45.5 million (including possible gambling money)。 MCR is the fifth largest hotel investor and operator in the United States。Since the U.S. government required Shiji to divest StayNTouch in March 2020,After several months of negotiation between the two parties,188bet Online Sports Betting and Casino Finally reached an agreement。StayNTouch provides leading hotel business systems and contactless system solutions for the hotel industry。 

“Since the US government asked Shiji to withdraw from StayNTouch in March this year,We are working hard to find a suitable buyer who can take care of the interests of StayNTouch’s existing customers。"Said Kevin King, Chief Operating Officer of Shiji Group。"With the support of Shiji,StayNTouch’s customer base has doubled in 2 years,And formulated a stable product iteration and innovation plan,Achieved rapid development in the global market。Our goal has always been to develop StayNTouch into the world's leading cloud PMS technology service provider,So it’s crucial to find the right buyer for StayNTouch’s team and the customers it currently serves。We are happy to announce that MCR is the right person we have been looking for for a long time。”

MCR is headquartered in New York and Dallas,Owns 92 high-quality hotel assets,Override 1,5000 rooms。Its hotels include the TWA Hotel at JFK International Airport,This hotel opened in 2019,Also a user of StayNTouch Rover PMS products。

“StayNTouch is the best hotel management system currently on the market,” MCR/MORSE Chairman and CEO Tyler Morse commented。“StayNTouch will continue to maintain full operations under the existing organizational structure。Shiji and StayNTouch create an industry-leading and innovative company。We will continue to be committed to promoting the company’s sustainable development,And further in product research and development、Increase investment in technical architecture and market expansion。”

StayNTouch for North America、Serviced by hundreds of hotels in Europe and Asia Pacific,Total more than 100,000 rooms。The company 188bet online sports betting will continue to operate as a wholly-owned subsidiary of MCR,And continue to support the company's comprehensive development with Bethesda as its headquarters,Including product development、Customer Service、Administration and strategic development, etc.。


The source of this article is Zhihui, and the copyright belongs to the original author.

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