CHATTANOOGA, Dec. 8, 2021 – Oaklyn Consulting is pleased to announce that Austin, Texas-based software provider Optii Solutions has been acquired by hotel owner-operator MCR. Oaklyn advised Optii throughout the transaction.
Optii’s real-time, cloud-based hotel operations software is used by hotels to clean more than 10 million guest rooms globally. It uses predictive technology to help hotel housekeeping and service delivery departments plan more efficient routes, resulting in streamlined operations and reduced costs. Optii will continue to operate as a standalone company with its existing management team.
MCR is the nation’s fourth-largest hotel owner-operator, with a portfolio of 140 branded and independent hotels. Its 4,000 hotel team members will begin using Optii for 20,000 guestrooms daily. MCR also owns the standalone company Stayntouch, whose property management system software will be integrated with Optii.
Oaklyn Consulting is a different kind of investment banking firm for privately owned companies. The firm helps clients complete mergers, acquisitions, joint ventures and other strategic transactions; arrange financing; and manage investor relationships. By working as consultants, not brokers, Oaklyn Consulting helps in situations where other investment bankers typically cannot.
Read the press release here.