{"id":1004194338,"date":"2017-10-19T05:37:30","date_gmt":"2017-10-19T13:37:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004194338"},"modified":"2022-12-08T20:29:33","modified_gmt":"2022-12-09T04:29:33","slug":"mcr-adds-chicago-area-hilton-to-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcr-adds-chicago-area-hilton-to-portfolio\/","title":{"rendered":"MCR Adds Chicago-Area Hilton to Portfolio"},"content":{"rendered":"<p>By Roxana Baiceanu<\/p>\n<div id=\"attachment_1004194340\" style=\"width: 356px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004194340\" data-attachment-id=\"1004194340\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mcr-adds-chicago-area-hilton-to-portfolio\/hampton-inn-mount-prospect-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hampton Inn, Mount Prospect, Ill.\" data-image-description=\"&lt;p&gt;Hampton Inn, Mount Prospect, Ill.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Hampton Inn, Mount Prospect, Ill.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg?w=800\" class=\"wp-image-1004194340 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg\" alt=\"Hampton Inn, Mount Prospect, Ill.\" width=\"346\" height=\"269\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/Hampton-Inn-Mount-Prospect-Ill..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 346px) 100vw, 346px\" \/><\/a><p id=\"caption-attachment-1004194340\" class=\"wp-caption-text\">Hampton Inn, Mount Prospect, Ill.<\/p><\/div>\n<p>MCR, which recently opened a $21 million Marriott-<a href=\"https:\/\/www.commercialsearch.com\/news\/mcr-opens-21m-marriott-in-ft-lauderdale\/\">Ft. Lauderdale hotel<\/a>, expanded its presence in Illinois by acquiring a 120-key Hampton Inn &amp; Suites by Hilton in Mount Prospect. The transaction closed at $12.8 million, a price \u201c<em>well below replacement cost,<\/em>\u201d as MCR\u2019s CEO &amp; Managing Partner Tyler Morse said in a statement.<\/p>\n<p>The property is located at 999 N. Elmhurst Road within the one million-square-foot open-air lifestyle center Randhurst Village. It is close to several shopping, dining and entertainment venues as well as the offices of major employers such as Mizkan, NTN Bearing, Allstate Insurance and ITW. A satellite office of CVS Caremark, which counts 1,400 employees, is also situated nearby.<\/p>\n<p>The hotel provides several amenities such as a covered garage parking, an indoor pool, fitness center, a conference room for up to 70 people, a 24-hour business center and convenience store. Rooms are equipped with 37-inch flat-screen TVs and coffeemakers. A free breakfast is also included in the price.<\/p>\n<p><em>Image courtesy of MCR<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition of the 120-key property closed at $12.8 million. The hotel opened in 2012 and is located in Mount Prospect, Ill. <\/p>\n","protected":false},"author":1064,"featured_media":1004194340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21751,13,21742],"tags":[33212,32898],"class_list":["post-1004194338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-hotel","category-midwest","category-latest","tag-hampton-inn-suites","tag-mcr-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCR Adds Chicago-Area Hilton to Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mcr-adds-chicago-area-hilton-to-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCR Adds Chicago-Area Hilton to Portfolio\" \/>\n<meta property=\"og:description\" content=\"The acquisition of the 120-key property closed at $12.8 million. 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