DALLAS— Pegasus Solutions, Inc. has reached a mutual agreement with InterContinental Hotels Group to discontinue the use of the PegasusCentral Property Management System. The PMS product will no longer be used in the Holiday Inn Express properties currently using the system, and there will be no new installations. “After a careful evaluation with IHG, we concluded that we could not meet their needs with PegasusCentral and generate the kind of revenues and profitability that we expect from our products and services,” said John F. Davis III, president/CEO of Pegasus. The company will continue to support PegasusCentral during a short transition period. As previously reported in HOTEL BUSINESS®, Angela Brav, IHG’s svp/Applied Technology, had indicated efforts to find a viable solution were not proceeding as expected. Pegasus said it also intends to exit the PMS business. The company’s products have both chain and independent hotel customers, including a private-label PMS for Best Western hotels. The company is currently in discussions with potential buyers to sell all or parts of its PMS business. The PMS business is expected to be sold within one year.
