SoftBrands Announces "Pay As You Go" Pricing for Independents
MINNEAPOLIS, MN, June 21, 2007. SoftBrands Inc. (AMEX: SBN), a global supplier of enterprise application software, today released a pricing model aimed at making it easier for independent hotels to benefit from the latest in property management system (PMS) technology. SoftBrands' new pricing model reduces the need for a hotel to secure capital expenditures and make the typical one-time, up front payment by instead charging a monthly rate per room.
Under the new pricing model, hotels will pay as little as $6.95 per room per month for license and extraordinary 24x7x365 worldwide support. In many cases, this will allow the hotel to cover the cost of the new software as an operating expense without having to draw on scarce capital expenditure funds. The pricing applies to its Medallion PMS offering for independent hotels.
"This is a significant move for SoftBrands," said Jo Masters, SoftBrands vice president and general manager, Americas. "It demonstrates the company's continued commitment to innovation with the Medallion PMS, as well as our interest in partnering with independent hotels to make leading PMS technology affordable."
The Medallion PMS is specifically targeted at helping independent and boutique hotels better manage today's highly demanding and complex hotel operations. The application includes a customizable interface that supports 27 languages. Medallion is currently operating in more than 1,000 hotels around the world and offers a certified two-way interface to Best Western's central reservation system.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
