Total $0.00


NEW YORK--MCR, the seventh largest hotel owner-operator in the United States, today announced it has sold the Courtyard by Marriott Jacksonville Orange Park located at 610 Wells Road in Orange Park, Florida, for $16.55 million. The 115-room hotel was built in 2008.

“The sale of this property reaffirms our strategy of investing in limited service hotels affiliated with industry-leading brands and opportunistically disposing assets to generate attractive returns for our investors,” said Tyler Morse, Chief Executive Officer and Managing Partner of MCR.

About MCR

MCR is the seventh largest hotel owner-operator in the country and has invested in and developed 95 hotel properties with over 11,000 rooms in 25 states. MCR’s hotels are operated under 10 brands. The firm has offices in New York City and Dallas. In 2015 MCR was awarded the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners for hospitality excellence. For more information, please visit:

Contact: MCR / 212-277-5602

Related News

Hotel Development Partners Breaks Ground for Courtyard in North Atlanta, Hotel Equities to Manage

MCR Acquires Allentown, Pennsylvania’s 111-Room Hilton Garden Inn for $15 Million

MCR Acquires Hampton Inn & Suites by Hilton in Chicago Suburb for $12.75 Million

MCR Acquires Two Marriott Hotels in Salt Lake City for $27.5 Million

MCR Opens 112-Room Residence Inn by Marriott Fort Lauderdale Pompano Beach Central, Florida

Waterford Hotel Group Completes Extensive Renovations of 92-Room Courtyard by Marriott in Warwick, Rhode Island

MCR Competes Sale of 18 Marriott and Hilton Hotels for $407.4 Million to American Hotel Income Properties REIT

MCR Development LLC Completes Renovation of Hilton Homewood Suites in Yuma, Arizona

W. P. Carey Inc. Acquires Portfolio of Six Courtyard by Marriott Hotels for $52 Million

RobertDouglas Advises Clarion Partners on the $670 million Refinancing of a 65-hotel Portfolio

Video of NFL Great Matt Light Spooking Travelers at Epic Halloween Check-In

Blumhoffer Hotelbesitz Dagobertstrasse GmbH & Co KG to Open Courtyard by Marriott, Cologne, Germany

Ensemble Hotel Partners to Open the 172-room Courtyard Philadelphia South at The Navy Yard

NewcrestImage Opens Dual Branded Courtyard & TownePlace Suites by Marriott in Dallas, Texas

Work Begins for 138-room Courtyard by Marriott in Chihuahua, Mexico; To Open Q2 2015

The 273-key Courtyard New York Manhattan/Chelsea Set to Open; Owned by Altitude Capital Management

Midas Hospitality to Build and Manage 125-room Courtyard by Marriott in St. Peters, Missouri

The Hotel Group Selected to Manage Courtyard by Marriott-Walla Walla Opening in Fall 2014 in WA

Huntington Hotel Group Completes Renovations at Two Hotels in Carlsbad, California

The 92-room Courtyard Philadelphia Springfield to Open this Week in Pennsylvania

All News »

Please login or register to post a comment.