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Island Capital Group and MCR Acquire Sheraton New York Times Square Hotel for $373M

Island Capital | April 20, 2022

Joint venture marks the second high-profile hotel transaction between Island Capital and MCR and demonstrates continued optimism in the recovery of New York City's hospitality industry NEW YORK, April 20, 2022 -- MCR, a leading hotel investor and the third-largest hotel owner-operator in the United States, and Island Capital Group LLC ("Island Capital"), a leading international real estate merchant bank that controls a diverse group of real estate services companies engaged in fund management, principal investment, and financial advisory and consulting services, today announced that they have jointly acquired the Sheraton New York Times ...

MCR Names William White Chief Financial Officer

MCR | April 5, 2022

NEW YORK - April 5, 2022 - MCR the 4th-largest hotel owner-operator in the United States with a $4 billion portfolio of 140 hotels, has appointed William White Chief Financial Officer. Since Mr. White joined MCR in January 2016, he has been an integral member of the management team, serving as a Senior Vice President of Acquisitions and Development based in the company’s New York City office. In that role, Mr. White led the company’s New York City hotel operations, overseeing day-to-day management as well as the acquisition of The Lexington Hotel, Autograph Collection, and the Royalton Hotel New York. Mr. White also oversaw the firm...

MCR Acquires the Homewood Suites by Hilton in Downtown Little Rock

MCR | March 9, 2022

NEW YORK, NY - March 9, 2022 - One night isn’t enough in Little Rock! MCR — the country’s 4th-largest hotel owner-operator — has acquired the Homewood Suites by Hilton Little Rock Downtown, a six-story, extended-stay hotel with 116 suites in Arkansas’s state capitol. This is the company’s second hotel in The Wonder State. Arkansas is also known as the Toothpick State, the Natural State and the Bear State, but whatever your state of mind, you’ll be glad you came. Located on the banks of the Arkansas River, Little Rock is a rising hub for culture, cuisine and commerce in the Southeast, with a population of 200,000 people. ...

MCR Acquires the Aloft by Marriott in Downtown Houston

MCR | February 2, 2022

NEW YORK - February 2, 2022 - Everything is bigger in Texas — including the hotel rooms! MCR — the country’s 4th-largest hotel owner-operator — has acquired the 168-room Aloft Houston Downtown, a modern, 11-story hotel located in Houston. This is the company’s 38th hotel in the Lone Star State. Big commerce, space exploration and surrounding waterways have earned Houston — America’s 4th-largest city — the nicknames Hustle Town, Space City and Bayou City. Home to more than 35 Fortune 1,000 companies, from Sysco to Phillips 66, the growing metropolis works hard and plays even harder, coming alive with culinary and cultural...

MCR Acquires Stoweflake Mountain Resort & Spa in Stowe, Vermont

MCR | January 3, 2022

NEW YORK — January 3, 2021 — Walking in a winter wonderland! MCR — the country’s 4th-largest hotel owner-operator — has acquired the 117-room Stoweflake Mountain Resort & Spa in Stowe, Vermont. Just downslope from Mount Mansfield, Vermont’s highest peak, Stoweflake Mountain Resort & Spa is your home base for four seasons of outdoor adventure. Come for the mountain biking, leaf-peeping, hiking and snowshoeing; stay for the spacious guestrooms (with fireplaces!), 50,000-square-foot spa, two pools and outdoor jacuzzi. Want to link up with friends and family? We’ve got a nine-hole golf course and 32 townhomes, too! ...

MCR Acquires a Portfolio of 6 Marriott and Hilton Hotels Across Texas and New Mexico

MCR | December 21, 2021

NEW YORK - December 21, 2021 - Say cheese! MCR — the country’s 4th-largest hotel owner-operator — has acquired a portfolio of six premium-branded hotels in Texas and New Mexico, known as “smile states” for their location and fast-growing markets. Totaling 603 rooms, the acquisition includes two Marriott hotels (a TownePlace Suites and a Fairfield Inn & Suites) and four Hilton hotels (two Hamptons, a Home2 Suites and a Tru). All were built in the last four years and nearly 40% of the portfolio (by room count) is specifically an extended stay, all-suite product designed to cater to longer-term guests. Five hotels are in the ...

MCR Acquires the DoubleTree Suites Minneapolis

MCR | December 16, 2021

NEW YORK - December 16, 2021 - Target acquired! MCR — the country’s 4th-largest hotel owner-operator — has purchased the 229-room DoubleTree Suites by Hilton Minneapolis Downtown, a 12-story hotel conveniently positioned across the street from Target Corporation’s global headquarters. This is the third hotel MCR has acquired in the Minneapolis metropolitan area over the past 12 months, coming on the heels of The Chambers Hotel and the Hilton Garden Inn Minneapolis University Area. The city of Minneapolis claims headquarters to 17 Fortune 500 Companies – the 3rd highest concentration on a per capita basis of any metropolitan area ...

MCR Acquires the Courtyard by Marriott Oxford at Ole Miss

MCR | November 4, 2021

NEW YORK – November 4, 2021 – Are you ready? MCR — the country’s 4th-largest hotel owner-operator — has acquired the 121-room Courtyard by Marriott Oxford in Mississippi. This is the company’s first hotel in The Magnolia State. Just a sprint from the University of Mississippi’s campus, the Courtyard by Marriott Oxford is a mile from The Grove, described as “the Holy Grail of tailgating sites” by Sporting News. Get your tickets for a home game at the famed Vaught-Hemingway Stadium — where former Ole Miss quarterback Eli Manning set 45 school records. Don your bow ties and Sperry Top-Siders and cheer with 64,000 fans ...

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