hilton st louis downtown at the arch
MCR Sells 195-Room Hilton St. Louis Downtown at the Arch
MCR | September 10, 2018
NEW YORK / SEPTEMBER 10, 2018 MCR, the sixth-largest hotel owner-operator in the United States, has sold the 195-room Hilton St. Louis Downtown at the Arch, located at 400 Olive Street in St. Louis, Missouri. The firm purchased the hotel in December 2016. MCR generated a 44% IRR on the investment. The transaction closed September 6, 2018. "The returns generated by the sale of this property are a testament to MCR's investment strategy: purchasing well-located hotels, improving operations and selling opportunistically — in this case, less than two years after acquiring the property," says Tyler Morse, CEO and Managing Partner of MC...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
IDeaS’ Award-Winning G3 Revenue Management Software Now Available in Spanish and French
Travel Recovery Continues As Hoteliers Embrace Upselling With 70% Increase in Summer 2023, According to Mews Data Snap
APS Celebrates 100th Interface Milestone
Innovative Wellness Solutions to Drive Future Hotel Growth
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.