MCR to acquire StayNTouch from Shiji Group for $46m.

MCR, the fifth-largest hotel owner-operator in the United States, agreed to acquire StayNTouch, a cloud-based hotel property management system and contactless solutions provider, from Shiji Group a global hospitality technology company, for $46m. "Since March, when the US Administration ordered that Shiji divest of our interests in StayNTouch, our concern was to find the right custodian for the company and its customers. 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," Kevin King, Shiji Group COO.