Close

Cart

Total $0.00

Checkout

NEW YORK / JANUARY 3, 2019  MCR, the sixth-largest hotel owner-operator in the United States, has sold the 94-room Hampton Inn & Suites St. Augustine-Vilano Beach, located at 95 Vilano Road, St. Augustine, Florida. The firm purchased the hotel in 2012.

MCR generated a 35% IRR and a 3.7X equity multiple on the investment. The transaction closed on December 12, 2018.

“The substantial returns generated by this sale are a credit to MCR’s best in class operations team,” says Tyler Morse, CEO and Managing Partner of MCR and MORSE Development. “We pride ourselves on our excellent guest relations, our strong sense of teamwork and the overall quality of our Hilton- and Marriott-branded hotels throughout the United States.”

About MCR

MCR is the sixth-largest hotel owner-operator in the country and has invested in and developed 104 hotel properties with more than 12,000 rooms in 27 states. MCR’s hotels are operated under 11 brands. The firm has offices in New York City and Dallas. MCR is a recipient of the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners, as well as the Hilton 2017 Top Performer Award. For more information, please visit mcrinvestors.com.

info@mcrinvestors.com / (212) 277-5602

Related News

MCR Sells 195-Room Hilton St. Louis Downtown at the Arch

MCR Acquires 140-Key SpringHill Suites Fairfax Fair Oaks in Northern Virginia

MCR Acquires 160-Room Hilton Garden Inn Providence Airport/Warwick at Rhode Island’s T.F. Green International Airport

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

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

MCR Completes Renovation of 101-Room Hampton Inn by Hilton Concord/Kannapolis in North Carolina

MCR & Morse Development Celebrate Topping Out of the TWA Hotel Located at New York's JFK Airport

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 Sells Courtyard by Marriott Jacksonville Orange Park for $16.55 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

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

MCR Development LLC Completes Renovation at Hampton Inn & Suites St. Augustine-Vilano Beach, Florida

All News »

Please login or register to post a comment.