MCR Development
MCR Closes $300M Hospitality Fund
The seventh-largest hotel owner-operator in the U.S. added 11 hotels to its first fund and has an additional five hotel deals in its pipeline.
MCR Acquires Trio of Hilton Hotels Near University of Illinois
The U.S.’s seventh-biggest hotel owner-operator toasts the addition of three properties in Champaign, near the home of the Fighting Illini, including a Homewood Suites just steps from the campus.
MCR Acquires Cincinnati Hilton Garden Inn
The firm will also manage the 88-key Hilton Garden Inn Cincinnati Northeast, which features a fully equipped fitness center, a 24-hour business center and an indoor pool.
MCR Acquires $11M VA SpringHill Suites
The four-story, 136-key SpringHill Suites by Marriott Richmond North Glen Allen is situated at the intersection of interstates 295 and 95, a five-minute drive from major distribution centers and office parks.
CPE’s Stars to Watch 2018, Part 1
Ten of the industry’s top young professionals who are achieving success while making a difference for their companies.
Newly Designed JFK-Based Hotel Tops Out
The redeveloped TWA Hotel is on track to open at John F. Kennedy International Airport in New York in early 2019. Special features will include a Jet Age and mid-century museum, as well as the world’s largest lobby.
MCR Adds Chicago-Area Hilton to Portfolio
The acquisition of the 120-key property closed at $12.8 million. The hotel opened in 2012 and is located in Mount Prospect, Ill.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
MCR Opens $21M Marriott in Ft. Lauderdale
The 112-key Residence Inn by Marriott Fort Lauderdale Pompano Beach Central features studio, one- and two-bedroom suites. The hotel is owned and operated by MCR.
AHIP Closes $407M Hotel Portfolio Purchase
The Canadian REIT is the new owner of the Eastern Seaboard Portfolio, a collection of 18 Marriott and Hilton properties in Maryland, New Jersey, New York, Connecticut and Pennsylvania.
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