MCR Development
MCR Enters Massachusetts With SpringHill Suites Acquisition
The new owner shelled out $16.2 million for the 164-key hotel in Peabody.
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.
MCR Acquires IN Hotels
Both 110-key Hampton Inn and 78-key Residence Inn by Marriott are located in Northwest Indianapolis and are within 10 miles of Indianapolis Motor Speedway.
MCR Acquires Las Vegas Hotel
The national hotel owner-operator acquired the 139-key Hilton Garden Inn Las Vegas/Henderson, located 10 minutes from the Las Vegas Strip.
MCR Acquires Baltimore-Area Homewood Suites
The 147-key hotel in Linthicum, Md., located near Baltimore-BWI Airport, recently underwent a multi-million-dollar renovation. MCR did not disclose the purchase price for the asset.
Cogeneration Takes Flight at JFK Airport Hotel
The adaptive reuse of a landmark airport terminal will incorporate a cost-effective combined heat and power plant.
MCR, BLT Close $648M Hotel Portfolio Financing
A Bank of America-led consortium provided the funding, which is secured by a 53-property, 5,958-key collection of lodging properties operating under the Marriott and Hilton brands.
MCR Opens New Courtyard by Marriott in Northern Virginia
CEO Tyler Morse admits the company chose to build the 187-key hotel in Herndon, close to Dulles International Airport, in case Amazon chooses the area for its coveted HQ2.
MCR Buys $18M DC-Area SpringHill Suites
Located in Fairfax, Va., the 140-key hotel underwent $1.4 million worth of renovations last year. The six-story building dates back to 2009.
MCR Expands Northeast Hospitality Portfolio
The New York-based company acquired a 160-key Hilton Garden Inn near the T.F. Green International Airport in Warwick, R.I.