Add-on Acquisition • Internet Software and Services

MCR Development Acquires StayNTouch

On September 1, 2020, MCR Development acquired internet software and services company StayNTouch for 46M USD

Acquisition Context

This is MCR Development’s 1st transaction in the Internet Software and Services sector.
This is MCR Development’s largest (disclosed) transaction.
This is MCR Development’s 5th transaction in the United States.
This is MCR Development’s 1st transaction in Maryland.

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M&A Deal Summary
Date	September 1, 2020
Target	StayNTouch
Sector	Internet Software and Services
Buyer(s)	MCR Development
Deal Type	Add-on Acquisition
Deal Value	46M USD

Target Company

StayNTouch

Bethesda, Maryland, United States

StayNTouch, Inc. is a provider of cloud based platform for hotel managers track reservations, room rates, room inventory and housekeeping on a mobile or tablet interface. StayNTouch was founded in 2012 and is based in Bethesda, Maryland.

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Buyer Overview 1

Buyer

MCR Development

New York, New York, United States

Category	Company
Sector	Restaurants

DESCRIPTION

MCR Development LLC is the 7th largest hotel owner-operator in the United States with a $2.0 billion portfolio of 89 premium-branded hotels with over 10,000 rooms across 23 states.

Deal Context for Buyer	#
Overall	5 of 5
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	5 of 5
State: Maryland	1 of 1
Country: United States	5 of 5
Year: 2020	1 of 1
Size (of disclosed)	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-02-11	Hampton Inn & Suites Chicago/Waukegan Waukegan, Illinois, United States Hampton Inn & Suites Chicago/Waukegan is located at 438 Lakehurst Road in Waukegan, Illinois, and features: 116 guestrooms and studio suites, all with microwaves, mini refrigerators, and coffeemakers free fast wifi, complimentary hot breakfast, an on-site convenience store, complimentary 24-hour coffee and tea in lobby, a heated indoor pool, a 24-hour fitness center with cardio equipment and free weights, a 24-hour business center, on-site laundry service, 880 square feet of meeting and event space for up to 60 people, free on-site parking, and complimentary Neutrogena bath products.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-02-11

Hampton Inn & Suites Chicago/Waukegan

Waukegan, Illinois, United States

Hampton Inn & Suites Chicago/Waukegan is located at 438 Lakehurst Road in Waukegan, Illinois, and features: 116 guestrooms and studio suites, all with microwaves, mini refrigerators, and coffeemakers free fast wifi, complimentary hot breakfast, an on-site convenience store, complimentary 24-hour coffee and tea in lobby, a heated indoor pool, a 24-hour fitness center with cardio equipment and free weights, a 24-hour business center, on-site laundry service, 880 square feet of meeting and event space for up to 60 people, free on-site parking, and complimentary Neutrogena bath products.

Buy

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