MCR Enters Albuquerque With Residence Inn Buy
The company took out a $10.1 million loan from BMO Harris Bank to finance the acquisition of the 110-key property.
Residence Inn by Marriott Albuquerque Airport. Image courtesy of MCR
MCR has bought the Residence Inn by Marriott Albuquerque Airport, a 110-key property in Albuquerque, N.M., from a local investor. The buyer financed the acquisition with a $10.1 million, five-year loan from BMO Harris Bank, according to Bernalillo County public records.
Located at 2301 International Ave. S.E., the property is within 1 mile of Albuquerque International Sunport, less than 5 miles from the city center and close to several parks and dining establishments. Amenities at the hotel include an indoor pool, business center, barbecue area and fitness center. The asset is also less than 7 miles from the recently acquired Netflix ABQ Studios and roughly 23 miles from Facebook’s Los Lunas Data Center, which will be the firm’s largest data center once completed in 2023.
The sale comes on the heels of two other MCR acquisitions. Last month, the company purchased a 110-key Hampton Inn and a 78-key Residence Inn, both in the Indianapolis area.
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