{"id":1004232816,"date":"2018-05-31T01:51:29","date_gmt":"2018-05-31T09:51:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232816"},"modified":"2022-12-08T07:57:40","modified_gmt":"2022-12-08T15:57:40","slug":"mcr-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcr-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois\/","title":{"rendered":"MCR Acquires Trio of Hilton Hotels Near University of Illinois"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

MCR has acquired three Hilton-branded hotels in Champaign, Ill., upping the portfolio of the seventh-largest hotel owner\/operator to 103 properties with more than 12,000 guestrooms in 27 states.<\/p>\n

\u201cThese three well-located Hilton-branded properties are positioned to benefit significantly from the University of Illinois\u2019 continued growth and are expected to produce attractive returns for our investors,\u201d <\/em>Tyler Morse, MCR\u2019s managing partner & CEO, said in a prepared statement. \u201cThe acquisition continues our investment strategy of purchasing premium-branded select service and extended stay hotels with operations upside.\u201d<\/em><\/p>\n

An Exciting Trio<\/strong><\/h2>\n

The Home2 Suites by Hilton is located at 2013 S. Neil St., and originally opened in 2016. The property offers 104 pet-friendly suites with fully equipped kitchens and flexible furniture. Amenities include a fitness center with indoor pool, a 24-hour convenience store and meeting space for 50. The hotel also provides free shuttle service to the University of Illinois Willard Airport.<\/p>\n

Located at 1500 S. Neil St., The Hilton Garden Inn Champaign\/Urbana has 99 guestrooms. The hotel offers 18,000 square feet of flexible event space, a fitness center, an indoor pool, and is also home to the Garden Grille and Bar and Pavilion Lounge cocktail bar.<\/p>\n

The third hotel, the Homewood Suites by Hilton, is situated just steps from the 44,000-student University of Illinois campus and the recently renovated State Farm Center arena. The property offers 98 suites with fully equipped kitchens. Amenities include a fully equipped fitness center with an indoor pool, a basketball court and tennis court, as well as a 24-hour convenience store. There\u2019s also a business center and its meeting space can accommodate up to 50.<\/p>\n

The city of Champaign and the surrounding area of the campus is considered a bustling business region with the Carle Foundation Hospital nearby and the corporate offices of Jimmy John\u2019s, Wolfram Research and Yahoo!<\/p>\n

MCR\u2019s hotels are operated under 11 brands. Earlier in May, MCR acquired the Hilton Garden Inn Cincinnati Northeast<\/a>, located in Loveland, Ohio, and took over managing duties as well. In April, the company acquired<\/a> SpringHill Suites by Marriott Richmond North Glen Allen in Glen Allen, Va., for $10.9 million.<\/p>\n

Images courtesy of MCR<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S.\u2019s 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.<\/p>\n","protected":false},"author":451,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,21783,13,21742],"tags":[33658,32898,40306],"class_list":["post-1004232816","post","type-post","status-publish","format-standard","hentry","category-deals","category-featured","category-hotel","category-investment","category-midwest","category-latest","tag-hilton-hotels-resorts","tag-mcr-development","tag-tyler-morse"],"acf":[],"yoast_head":"\nMCR Acquires Trio of Hilton Hotels Near University of Illinois - 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-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCR Acquires Trio of Hilton Hotels Near University of Illinois\" \/>\n<meta property=\"og:description\" content=\"The U.S.\u2019s 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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mcr-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-31T09:51:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:57:40+00:00\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mcr-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mcr-acquires-trio-of-hilton-branded-hotels-near-u-of-illinois\/\",\"name\":\"MCR Acquires Trio of Hilton Hotels Near University of Illinois - 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