"Since March, when the U.S. Administration ordered that Shiji divest of our interests in StayNTouch, our concern was to find the right custodian for the company and its customers," said Kevin King, COO of Shiji Group. "With Shiji's support StayNTouch doubled its customer base in just two years, built a stable roadmap of product innovation, and was rapidly growing internationally. Our goal has always been to make StayNTouch a leader in cloud-PMS technology in the market so finding the right buyer was essential, for the team and for StayNTouch customers. We're proud to say that we found the right owner in MCR."
MCR is based in New York City and Dallas and owns 92 premium-branded hotels containing 15,000 guestrooms, including the TWA Hotel at JFK International Airport, which opened in 2019 and utilizes StayNTouch's Rover PMS.
"StayNTouch is the best property management system on the market," said Tyler Morse, the Chairman and CEO of MCR/MORSE Development. "The StayNTouch organization will remain fully operational with no structural changes to the company. Shiji and the management team at StayNTouch have built an industry-leading company, with innovation at the forefront. We look forward to supporting the continued growth of the company with further investment in product development, technology infrastructure, and market expansion."
StayNTouch serves hundreds of hotel customers across North America, Europe, and Asia Pacific, totaling over 100,000 hotel rooms globally. StayNTouch will operate as a wholly owned subsidiary of MCR and will maintain its Bethesda headquarters which supports the full operations of the company including product research and development, customer support, corporate administration, and strategic business development.
About MCR
MCR is the fifth-largest hotel owner-operator in the United States with a $3.0 billion portfolio of 92 premium-branded hotels containing 15,000 guestrooms across 29 states and 76 cities. Founded in 2006 and headquartered in New York City and Dallas, the firm has 3,600 team members across the country and operates hotels under 11 Marriott and Hilton brands. MCR is a recipient of the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners, as well as the Hilton Legacy Award for Top Performer. For the TWA Hotel at New York's JFK Airport, MCR won the Development of the Year (Full Service) Award at The Americas Lodging Investment Summit (ALIS). MCR is also one of Fast Company's 10 Most Innovative Travel Companies of 2020. For more information, please visit mcrhotels.com.
Shiji is a global technology company dedicated to providing innovative solutions for the hospitality industry, ensuring seamless operations for hoteliers day and night. Built on the Shiji Platform—the only truly global hotel technology platform—Shiji's cloud-based solutions include property management system, point-of-sale, guest engagement, distribution, payments, and data intelligence for over 91,000 hotels worldwide, including the largest hotel chains. With more than 5,000 employees across the world, Shiji is a trusted partner for the world's leading hoteliers, delivering technology that works as continuously as the industry itself. That's why the best hotels run on Shiji—day and night. While its primary focus is on hospitality, Shiji also serves select customers in food service, retail, and entertainment in certain regions. For more information, visit shijigroup.com.
