mcr
MCR Acquires SpringHill Suites by Marriott Green Bay in Green Bay, Wisconsin
MCR | January 9, 2020
NEW YORK / JANUARY 9, 2020 The Pack is back — and we’re ready! MCR, the fifth-largest hotel owner-operator in the United States, has acquired the 127-room SpringHill Suites by Marriott Green Bay in Green Bay, Wisconsin. It’s a touchdown for Packers fans gearing up for Sunday’s big playoff game against the Seattle Seahawks at Lambeau Field. The SpringHill Suites by Marriott Green Bay is just minutes from the Green & Gold’s legendary stadium — making it the perfect spot to watch the NFC Divisional Round (kickoff is at 6:40 PM EST). “The hotel is close enough to the field that fans and guests can hear the roar from Lambea...
MCR Acquires Hilton Garden Inn Cleveland Downtown, Ohio, Near A Christmas Story House
MCR | December 16, 2019
Leg lamps for every guestroom! MCR, the fifth-largest hotel owner-operator in the United States, has acquired the 240-room Hilton Garden Inn Cleveland Downtown in Cleveland, Ohio. The Hilton Garden Inn — we triple dog dare you to find a better place to stay — lies just a short drive from the home where the 1983 yuletide classic A Christmas Story was filmed. In case you’re not one of the millions who tune in to TNT or TBS annually for the film’s 24-hour Christmas Eve marathon, a quick primer: The 1940s-set tale follows 9-year-old Ralphie Parker in his quest to obtain a Red Ryder BB gun from Santa and survive the school bullies â€...
MCR Acquires Hampton Inn by HIlton in King of Prussia, Pennsylvania
MCR | December 3, 2019
NEW YORK / DECEMBER 3, 2019 Let’s talk shop: MCR, the fifth-largest hotel owner-operator in the United States, has acquired the 149-room Hampton Inn by Hilton Philadelphia/King of Prussia in King of Prussia, Pennsylvania. The newly renovated hotel is less than a mile from the East Coast’s largest shopping center, the King of Prussia Mall. If the thought of braving the 3-million-square-foot mecca makes you want to run, run as fast as you can like a gingerbread man, don’t fret! The smart cookies at the Hampton Inn have some sweet shopping strategies to share. Fuel Up With Free Baked Goods A hot breakfast — and plenty of coffe...
MCR Acquires Residence Inn By Marriott Albuquerque Airport
MCR | June 26, 2019
NEW YORK / JUNE 26, 2019 - Hot! Hot! Hot! MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 110-room Residence Inn by Marriott Albuquerque Airport. Just 5 miles southeast of downtown, the property is close to many of the city’s sizzling destinations for work and play. New Mexico is known for its Hatch chiles: the carne adovada, a slow-cooked pork dish in red chile sauce, is legendary at Albuquerque’s Mary & Tito’s Café, though you’ll even find green chiles at McDonald’s! Yet these days what’s heating up the Duke City is the arrival of tech companies. Netflix recently purchased ABQ Studios, ...
MCR Acquires Courtyard by Marriott Newark Downtown in New Jersey
MCR | June 20, 2019
NEW YORK / JUNE 20, 2019 - Sweet dreams are made of this: MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 150-room Courtyard by Marriott Newark Downtown. The pitch-perfect property is just steps from the Prudential Center, one of New Jersey’s premier venues for live music. The Courtyard by Marriott Newark Downtown made history when it debuted in 2012 as the city’s first new hotel in 40 years — and its prime location will help concertgoers get into the groove this summer. Hang tough with New Kids on the Block (along with fellow 90s sensations Salt-N-Pepa, Tiffany, Debbie Gibson and Naughty by Nature)...
MCR Acquires Two Properties in Northwest Indianapolis
MCR | May 7, 2019
NEW YORK, NY / MAY 7, 2019 Revved up about Indy! MCR, the sixth-largest hotel owner-operator in the United States, has acquired two hotels in the Racing Capital of the World, the 110-room Hampton Inn Indianapolis Northwest – Park 100 and the 78-room Residence Inn by Marriott Indianapolis Northwest. Both properties are less than 10 miles from the legendary Indianapolis Motor Speedway, home of the thrilling Indy 500 car race. Every Memorial Day weekend, the 33 greatest drivers in the sport go full throttle for 200 laps around a 2.5-mile oval circuit in a quest for glory — and the traditional bottle of cold milk that goes to th...
MCR Sells the 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 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...
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