MCR Sells Courtyard by Marriott Jacksonville Orange Park for $16.55 Million
October 12, 2017 1:28pm
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.
courtyard by marriott,
courtyard by marriott jacksonville orange park
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: www.mcrinvestors.com.
MCR Acquires 160-Room Hilton Garden Inn Providence Airport/Warwick at Rhode Island’s T.F. Green International Airport
New Castle Hotels & Resort Celebrates Topping-Off of Dual-Branded Marriott/Residence Inn in Dartmouth, Nova Scotia
New Courtyard by Marriot, Managed by ONE Lodging Management, Opens in Prince George, British Columbia
MCR Selected to Manage 259-Room Miami International Airport Hotel Located at Concourse E
MCR Appoints Executive Team to Oversee Independent Hotels Across the Country
MCR Acquires Three Hilton-Branded Hotels in Champaign, Illinois
MCR Acquires Hilton Garden Inn Cincinnati Northeast in Loveland, Ohio
Courtyard by Marriott Paris Roissy CDG Airport Hotel Reopens Following 15-Month Multi-Million Renovation
MCR Acquires 169-Room Courtyard by Marriott Milwaukee Downtown
MCR Acquires SpringHill Suites by Marriott Richmond North Glen Allen in Virginia for $10.85 Million
Commonwealth Hotels Acquires the Courtyard by Marriott and Residence Inn & Suites Dayton Beavercreek in Dayton, Ohio
MCR Completes Renovation of 101-Room Hampton Inn by Hilton Concord/Kannapolis in North Carolina
JQH Appoints Nigel Cossey as General Manager at Newly Renovated Courtyard by Marriott Dallas Allen
Advance Management & Investment Opens Courtyard by Marriott Temecula Murrieta in California
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Owned by Starwood Capital and Managed by Aimbridge Hospitality, Courtyard by Marriott Opens in Woodbury, Minnesota
Waterford Hotel Group Promotes Arvin Berano to Director of Sales at Courtyard by Marriott Shelton in Connecticut
Aimbridge Hospitality Adds 13 Courtyard by Marriott Hotels to Management Portfolio
MCR & Morse Development Celebrate Topping Out of the TWA Hotel Located at New York's JFK Airport
Hotel Development Partners Breaks Ground for Courtyard in North Atlanta, Hotel Equities to Manage
Please login or register to post a comment.