MCR acquires three hotels in Florida.........The Marriott, Hilton and Hyatt properties are in the Sunshine State’s fastest-growing markets

MCR — the 3rd-largest hotel owner-operator in the U.S. has acquired three hotels in Florida. Totalling 384 rooms, the portfolio includes a Hampton Inn by Hilton, a Courtyard by Marriott and a Hyatt Place in Orlando and Daytona Beach — both among Florida’s fastest-growing markets. With this portfolio acquisition, MCR now has 13 hotels in Florida.

How magical! The 169-room Hyatt Place Orlando/Lake Buena Vista is located a few miles from Walt Disney World Resort and in walking distance of the world-class shopping, dining and entertainment offered in the Disney Springs district. It’s also a short drive from iconic destinations like The Wizarding World of Harry Potter and Universal Studios.

Race to the beach! Located just off State Road A1A and directly on the water, the 111-room Hampton Inn Daytona Shores features a sunny pool deck and direct access to the beach. It’s also conveniently located near numerous dining and golfing options. The Ocean Center convention arena and Daytona Beach Golf Club are both five miles away and the famous Daytona International Speedway is less than 20 minutes from the hotel!

Go, Hatters, go! The newly built, 104-room Courtyard Marriott DeLand Historic Downtown is the only hotel located downtown next to Stetson University, a private university with more than 4,000 students. The hotel is also within walking distance of top local attractions including SkyDive DeLand, Downtown DeLand and the Athens Theatre, as well as plenty of local shops and restaurants.

MCR — the 4th-largest hotel owner-operator in the U.S. — has acquired the Hilton Miami Airport Blue Lagoon

MCR — the 4th-largest hotel owner-operator in the U.S. — has acquired the Hilton Miami Airport Blue Lagoon, a 14-story hotel with 508 rooms in Miami, Florida. With a prime waterfront setting within the Blue Lagoon business park, the hotel is located just south of Miami International Airport (MIA). This is the company’s second hotel in the Miami airport submarket following the acquisition of the Hyatt Place Miami Airport East in December of 2022 and its tenth hotel in Florida.

MIA is the busiest airport for international passengers and international freight in the U.S. and provides a hub for over 90 air carriers. International traffic continues to ramp back up following the pandemic and overall passenger volume through MIA was up over 10% in 2022 compared to 2019 based on the latest data available. And with a $5 billion capital improvement and expansion plan underway, it’s only going to get busier.

Tourism remains the top industry in “the 305,” but it is also home to the largest concentration of international banks in the U.S., as well as many major Fortune 500 companies. With its prime location near the airport, the Blue Lagoon business park has over four million square feet of office space and serves as the headquarters for nationally recognized names including Burger King and Lennar, as well serving as the Latin American headquarters for Sony, Airbus, Novartis, Hasbro, Estée Lauder and Olympus.

MCR Acquires the DoubleTree by Hilton Hotel in Downtown Tallahassee

The 4th-largest hotel owner-operator in the U.S. MCR,  purchases the real estate-owned DoubleTree by Hilton Hotel from a special servicer in Florida’s vibrant state capital.

MCR has acquired the DoubleTree by Hilton Hotel Tallahassee, a 17-story, 242-room hotel in Florida’s state capital. The hotel was purchased as a real estate-owned asset from a special servicer and is the company’s seventh hotel in The Sunshine State.

Selected as Florida’s state capital due to its ideal location between Pensacola to the west and Jacksonville to the east, Tallahassee — lovingly known as “Tally” to locals — is a hub for politics, sports and education. In the heart of downtown just two blocks from the State Capitol, the DoubleTree Tallahassee is within five blocks of 30 state agency headquarters, including the Florida Supreme Court and Governor’s Mansion. It’s also less than five minutes from Florida State University and Florida A&M University.

The closest hotel to the State Capitol, the DoubleTree is the perfect gathering place for visitors from both sides of the aisle. If you’re coming to town for the legislative session, take advantage of our complimentary, fast Wi-Fi and expansive guestrooms. Each room is equipped with ample outlets, ergonomic chairs and sleek desks with city views. Prefer to collaborate with colleagues? Book a boardroom (we have eight!).

Tallahassee isn’t just the capital of Florida government, it’s also the capital of Florida football! Bleed garnet and gold with 45,000 Florida State University students at Doak S. Campbell Stadium, where coach Mike Norvell will make his famed game-time calls at seven home matches this season. Be sure to snag a junior suite (big enough for the whole family) for the annual Fresh from Florida Sunshine Showdown on November 25th, when the Seminoles host the University of Florida Gators. Each suite is decked out with a wet bar, mini-refrigerator and a spacious bathroom.

Not a Seminoles fan? Join the 9,600 Florida A&M University attendees to root for the green and orange at nearby Bragg Memorial Stadium.

After a day of cheering, unwind with unrivalled views from the tallest hotel in the city. Cool off with a beer from our on-site restaurant and bar, Jacob’s on the Plaza, then head to the pool deck for a dip. With an average of 237 days of rays per year, it’s no wonder Florida is known as The Sunshine State.

The DoubleTree by Hilton Hotel Tallahassee is located at 101 South Adams Street and features:

242 guestrooms and suites

Jacob’s on the Plaza Restaurant and Bar

A rooftop bar and lounge with indoor and outdoor seating

An on-site Starbucks offering speciality beverages and bites

A lobby lounge

Free, fast Wi-Fi

A fitness centre

An outdoor pool

A business centre

A three-story parking garage

5,394 square feet of event space across eight meeting rooms

Don't forget to visit our sister site Air101.co.uk to find out about all things aviation.

The 4th-largest hotel owner-operator in the U.S. has purchased the newly built 170-suite Residence Inn by Marriott Seattle Sea-Tac Airport in Washington.

MCR — the 4th-largest hotel owner-operator in the U.S. has purchased the newly built 170-suite Residence Inn by Marriott Seattle Sea-Tac Airport in Washington. The new property is just 10 minutes from the Residence Inn by Marriott Seattle South/Renton that MCR acquired in June of this year.

One of the fastest-growing airports, Sea-Tac ranks among the top 10 in the U.S., having welcomed more than 51 million passengers in 2019. And it’s getting bigger every day: The Port of Seattle, which owns and operates the airport, is investing more than $4 billion in 30 improvement projects by 2027.

The Residence Inn by Marriott Seattle Sea-Tac Airport is located at 19608 International Boulevard and features:

170 pet-friendly suites

Complimentary 24-hour airport shuttle service
A rooftop patio featuring sprawling views of Angle Lake

Free fast Wi-Fi

A 24-hour convenience store

A fitness centre

A business centre

A lobby bar

Complimentary breakfast

Laundry facilities

Onsite parking

480 square feet of meeting space

Don't forget to visit our sister site Air101.co.uk to find out about all things aviation.

MCR opens Hilton Garden Inn in Minneapolis

MCR is the proud owner of the 141-room Hilton Garden Inn Minneapolis University Area at the University of Minnesota’s main campus that’s home to more than 50,000 undergraduate and graduate students.

Last fall, MCR acquired the DoubleTree from a lender who foreclosed on their borrower. MCR’s purchase price was more than a 40% discount to what the hotel previously sold for in 2018. In June 2021, MCR rebranded the hotel from a DoubleTree to a Hilton Garden Inn.

The Hilton Garden Inn is MCR’s second hotel in Minneapolis. MCR also purchased the 60-room Chambers Hotel downtown at a price that was nearly 50% below the prior owner’s cost basis.

Located on the University of Minnesota’s East Bank main campus, the Hilton Garden Inn Minneapolis University Area is across from the M Health Clinics hospital and its recently opened $160 million surgery centre. The Stadium Village light rail station — with links to Minneapolis−Saint Paul Airport — is just two blocks away.

Hotel operator MCR confirmed that it has acquired the 725-room The Lexington Hotel in New York for $185 million

Hotel operator MCR confirmed that it has acquired the 725-room The Lexington Hotel in New York for $185 million, which equates to $255,000 per guestroom. 

Located along Lexington Avenue’s Hotel Alley at 48th Street, the iconic Lexington Hotel was landmarked in 2016 as one of the most architecturally significant properties in Manhattan. Since its opening in 1929, The Lexington Hotel has housed historic figures, international celebrities, world leaders and renowned sports icons. Speciality suites are inspired by residents including Marilyn Monroe and Joe DiMaggio and Ella Fitzgerald. The hotel has also held an array of famous entertainment venues, including the legendary Hawaiian Room, Chateau Madrid and Denim & Diamonds, in the past.

The Lexington’s Autograph Collection affiliation allows the hotel’s rich history to be reflected through unique design elements and a boutique feel. The hotel’s ambience captures Jazz Age Manhattan in a way that’s sure to inspire history buffs and trendy travel connoisseurs.

The hotel is well-positioned to reopen in August and, under MCR’s experienced management, will once again welcome guests from across the globe!

In addition to an onsite fitness centre, the hotel is connected to a brand new, state of the art, 15,000-square-foot Crunch gym featuring cardio equipment, weights, full-service locker rooms, Rituals beauty products and group fitness classes.

Get your morning started at the Starbucks on the lobby level with a beverage and a freshly baked pastry. And be sure to check out the hotel’s bar for a nightcap. The Prohibition era-inspired The Stayton Room boasts cocktails and artisanal bar fare.

The Lexington Hotel is located at 511 Lexington Avenue at 48th Street and features:

725 pet-friendly guestrooms and specialty suites

The Stayton Room, offering a craft cocktail menu and artisanal bar fare

A 15,000-square-foot state of the art Crunch gym, one of the largest in Manhattan

A Starbucks on the lobby level

3,713 square feet of event space across six rooms

Don't forget to visit our sister site Air101.co.uk to find out about all things aviation.

Residence Inn by Marriott Seattle South/Renton purchased by MCR

MCR, one of the biggest U.S. hotel owner-operators has pulled off a big deal and purchased five premium-branded hotels for $94 million, in Texas and Washington, with a combinded total of almost 680 rooms.  These five hotels are situated in some of the highest growing metropolitan regions in the United States, including the aerospace hub of Renton, Washington - you know,  where Boeing is!  

Residence Inn by Marriott Seattle South/Renton

Located directly across from Boeing’s one-million-square-foot Renton aeroplane assembly plant, where the deeply flawed 737 MAX jets are made, the 146-room Residence Inn by Marriott Seattle South/Renton is just 20 minutes from downtown Seattle and 10 minutes from Seattle-Tacoma International Airport and King County International Airport-Boeing Field. 

The  waterfront hotel was built in 2019 and has sweeping views of Lake Washington and is designed to be an extended-stay type property that has a 'feels-like-home' ambiance as well as full amenities like free Wi-Fi and fully equipped kitchens in every suite. The property also has a fitness centre and an outdoor patio with a grill. It also offers a complimentary hot breakfast, plus an on-site market where you can pick up a snack.  

The Residence Inn by Marriott Seattle South/Renton is located at 1200 Lake Washington Boulevard North and features:

146 pet-friendly suites, each with a sofa bed and fully-equipped kitchen

Complimentary breakfast featuring classic American favorites

A barbecue and picnic area

A convenience store

A lobby bar offering locally crafted Pacific Northwest brews and wines

Free fast Wi-Fi

A 24-hour fitness center with free weights and cardio equipment

600 square feet of meeting space for up to 48 people

Check availability and prices

MCR Purchases and Opens The Chambers Hotel in Downtown Minneapolis Near The Target Center and Target Field

USA's 4th-largest hotel owner-operator acquires The Chambers Hotel in downtown Minneapolis and opens its doors to guests.

-It’s quite a showstopper! MCR has acquired the 60-room The Chambers Hotel on 9th Street and Hennepin Avenue in downtown Minneapolis’s historic theatre district.

MCR rebranded the hotel, formerly a Le Meridien, as an independent property, complete with a new logo and website. The logo, which has a simple, modern C, is a nod to the hotel’s name and the building’s shape. Throughout the hotel, design features incorporate double Cs in celebration of its home in the Twin Cities!

Built-in 1908, The Chambers Hotel is now open after being closed for nearly a year. And not a moment too soon! Just around the corner, the Target Center, one of the world’s top arenas visited by 1 million people per year, is hosting the WNBA’s Minnesota Lynx games and WWE Presents Friday Night Smackdown on July 30. A five-minute walk away, MLB’s Minnesota Twins are playing ball at Target Field. Watch them take on the Chicago White Sox and the Detroit Tigers in early July!

The legendary Orpheum Theatre directly across the street — which has hosted groundbreaking performances from the Marx Brothers’ vaudeville act to The Lion King’s debut — is preparing for one of its biggest seasons yet. Disney’s Frozen breaks the ice with performances starting October 7. Oklahoma! brings a beautiful mornin’ in November (yes, everything’s goin’ our way!).

MCR, the 4th-largest hotel owner-operator in the U.S. expands its Midwest footprint with the acquisition of the 102-room Home2 Suites by Hilton Evansville in Indiana.

The nation’s 4th-largest hotel owner-operator acquires the Home2 Suites by Hilton Evansville in the heart of the Midwest.

                                    MCR, the 4th-largest hotel owner-operator in the U.S. expands its Midwest footprint with the acquisition of the 102-room Home2 Suites by Hilton Evansville in Indiana.

There’s a reason Indiana is called the Crossroads of America! Located within three hours of Louisville, St. Louis, Nashville and Indianapolis, the Home2 Suites by Hilton Evansville is in the centre point of the Midwest. Evansville offers small-town culture with big city features, including the Evansville Regional Airport, which has frequent daily flights to major cities across the U.S.

This summer, Evansville is celebrating freedom with a bang! Fireworks on Ohio, the city’s waterfront Independence Day celebration on the Ohio River, returns this Fourth of July after a 2020 hiatus. An annual favourite for locals and visitors, the event is free for spectators and features food trucks, vendors and Evansville’s largest public fireworks display.

MCR Purchases the Hilton Garden Inn Louisville Mall of St. Matthews in Derby City

MCR Purchases the Hilton Garden Inn Louisville Mall of St. Matthews in Derby City

MCR takes the lead! The country’s 4th-largest hotel owner-operator has acquired the 150-room Hilton Garden Inn Louisville Mall of St. Matthews in the heart of Kentucky.

The hotel is 10 minutes from Louisville International Airport and 15 minutes to downtown Louisville. But the real attraction is just a short drive away at the legendary Churchill Downs, home of the Kentucky Derby, the first race in the coveted thoroughbred Triple Crown.

While the world waits with unbridled enthusiasm to find out whether this year’s winning colt, Medina Spirit, will keep his title, there’s plenty of action in town for hot-to-trot fans. Summer racing continues through Fourth of July weekend and a special Bourbon Heritage Month meet is scheduled in September. Fall racing runs from October until Thanksgiving weekend.

When it comes to Louisville lodging, back the right horse! The newly built Hilton Garden Inn features sleek furnishings, an indoor pool and a spacious lobby. Breakfast and a seasonal menu of favourites (flatbreads! burgers!) are cooked to order at the Garden Grille & Bar.

MCR Purchases the Hilton Garden Inn Beaufort

Fightertown, here we come! The nation’s 4th-largest hotel owner-operator acquires the Hilton Garden Inn Beaufort in the heart of the South Carolina coast.

The latest member of the squadron! MCR — the country’s 4th-largest hotel owner-operator — has acquired the 115-room Hilton Garden Inn Beaufort in South Carolina’s beautiful Lowcountry region.

The hotel is just a 40-minute drive to Hilton Head Island and less than an hour from the Spanish moss splendour of Savannah, Georgia. But the real action is minutes away at the U.S. Marine Corps Air Station, one of the only places in the world where pilots train to operate F-35B Lightning II jets, which can reach speeds of Mach 1.6 (that’s about 1,200 miles per hour in civilian language). Grab your aviators and practice your call signs because Tom Cruise has nothing on the daring flyers of Fightertown East.

On neighbouring Parris Island, you’ll find the Marine Corps Recruit Depot, the primary training centre for generations of Marines since 1915. The base welcomes more than 17,000 recruits annually. In town to celebrate a new graduate? Bunk at the Hilton Garden Inn Beaufort and say “Semper Fi” with a hand-crafted cocktail at the fully stocked bar.

California Dreamin’...................MCR Acquires the Staybridge Suites Cathedral City Palm Springs

Going once, going twice, sold! MCR — the country’s 4th-largest hotel owner-operator — won the foreclosure auction for the 197-room Staybridge Suites Cathedral City Palm Springs, an IHG Hotel, on the Corona City Hall steps on April 7, 2021, at 9:30 AM. The acquisition marks MCR’s expansion into the California market as the Staybridge Suites joins MCR’s portfolio of 110 hotels across 33 states.

In the heart of the Coachella Valley, the all-suite hotel is just 10 minutes from Palm Springs Airport, 15 minutes from downtown Palm Springs and a two-hour drive to star-studded Los Angeles. If you’re searching for desert feels this summer, look no further! Next year, festival vibes will be in the air as Coachella and Stagecoach get rolling again.

Newly redesigned, the Palm Springs downtown plaza is renowned for its locally-owned restaurants, one-of-a-kind boutiques, art galleries and antique shops. A popular home to movie stars and Presidents (Dwight Eisenhower and Ronald Reagan both settled in the city) since the 1930s, the area is full of old Hollywood glamour. Stroll along Palm Canyon Drive and Museum Way to glimpse the Walk of the Stars, which honours more than 440 famous residents, including Elvis Presley, Lena Horne and Marilyn Monroe.

Take advantage of sunshiny SoCal’s annual 300-plus days of rays: Hike nearby Tahquitz Canyon or drive through the valley to Joshua Tree National Park, which is visited by more than 3 million travellers each year.