Micros

COLUMBIA, Md. -- MICROS Systems, Inc. MCRS, a leading provider of information technology solutions for the hospitality industry, has signed a contract with the Valencia Group to install the MICROS OPERA Multi-Property Management System (PMS) and Sales & Catering System at the new Hotel Valencia Santana Row in San Jose, CA, and Hotel Valencia Riverwalk in San Antonio, TX. Both luxury properties are slated to open this fall and each will feature over 200 impeccably outfitted guest rooms blending Old World architecture with contemporary style and the most modern amenities.

The OPERA Multi-Property PMS is a full-featured, scalable property management solution for hospitality companies with a variety of locations, brands and concepts. The OPERA Multi-Property suite offers a number of fully integrated modules, including Property Management, Sales & Catering, Quality Management, Revenue Management, and Back Office systems. With its intuitive graphical user interface, screen painter tools and parameter-driven functionality, the OPERA PMS is able to meet the varied requirements of hospitality businesses worldwide.

"The Valencia Group conducted a full competitive analysis and chose to work with MICROS for several key reasons," stated Matthew Nuss, Vice President of Operations at Valencia Group. "The multi-hotel capability of the OPERA system is very important in allowing us to expand the system as we grow and develop new properties. We also value the customer-centric focus of the software, as it provides us with the capabilities to offer the high level of personalized guest relations and service that we desire."

"We are pleased to be working with the Valencia Group and its hotels from the ground up," said Jeff Weingrad, Vice President of the Independent Hotels Business Unit at MICROS Systems. "It's exciting to be part of the opening of their first two hotels and to provide the technical solutions that will help fuel their success. Our system streamlines all aspects of property management and sales and catering, allowing Hotel Valencia personnel to serve customers quickly, efficiently and accurately. We look forward to continuing our relationship with the Valencia Group as it expands its portfolio of exclusive hotels."

About Valencia Group

The Valencia Group, based in Houston, Texas, is currently constructing the Hotel Valencia Santana Row in San Jose, California, and the Hotel Valencia Riverwalk in San Antonio, Texas. These distinctive and small luxury hotels will open in Fall 2002. Each property will provide guests with a contemporary four-star experience featuring hip, yet classic design, intimate meeting facilities, and unparalleled personal service. The Valencia Group is aggressively pursuing growth opportunities for the Hotel Valencia brand utilizing a targeted business model for expansion.

For more information about the Valencia Group, please call (408) 551-0010.

About MICROS Systems, Inc.

MICROS Systems, Inc. provides enterprise applications for the hospitality industry worldwide. Over 135,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, and leisure and entertainment operations in more than 130 countries. MICROS provides property management systems and central reservation and customer information solutions under the brand MICROS-Fidelio for more than 15,000 hotels worldwide. MICROS stock is traded through Nasdaq under the symbol MCRS.

For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, Director of Marketing at (443) 285-8144 or (800) 638-0985. You can also visit the MICROS website at www.micros.com or send an email to [email protected].

The MICROS logo is a registered trademark of MICROS Systems, Inc. All other product and brand names are the property of their respective owners.

Louise J. Casamento
Director Of Marketing
Oracle Hospitality