hampton inn & suites st. augustine-vilano beach
MCR | January 3, 2019
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 overal...
MCR Development LLC Completes Renovation at Hampton Inn & Suites St. Augustine-Vilano Beach, Florida
MCR Development LLC | October 30, 2014
October 30, 2014 - ST. AUGUSTINE, Fla. - MCR Development LLC ("MCR"), one of the largest hotel owner-operators in the United States, announced today it has completed an extensive renovation at the 94-room Hampton Inn & Suites St. Augustine-Vilano Beach, located at 95 Vilano Road in St. Augustine, Florida. The renovation entailed significant upgrades to the hotel's lobby, guestrooms, fitness center and pool area, and is part of MCR's ongoing effort to enhance overall guest comfort and satisfaction and drive RevPAR growth. The newly redesigned lobby features a light and earthy color scheme punctuated by striking brown accent columns a...
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