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MCR Refinances 22-Hotel Portfolio for $300 Million

www.businesswire.com 10-12-2024 02:00 0.5 Minutes reading
NEW YORK--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has secured a $300 million refinancing for a 22-hotel portfolio. Totaling 2,855 guestrooms, the 22-hotel portfolio is spread across 14 states in established and high-growth markets such as Texas, Florida, New Mexico and South Carolina. The hotels are managed by MCR’s in-house operations team of approximately 7,000 professionals. MCR acquired the hotels between 2017 and 2020, and subsequently invested $65 million t

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