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Home Tags MCR

Tag: MCR

MCR Agrees to Purchase BT Tower to Transform Into Hotel

NEW YORK—MCR agreed to purchase the BT Tower—one of London’s tallest buildings—from BT Group. MCR will own the 620-foot Tower and podium. MCR intends...

MCR Completes Sale of Residence Inn by Marriott Philadelphia Langhorne

NEW YORK—MCR announced it has completed the sale of the 100-room Residence Inn by Marriott Philadelphia Langhorne located in Langhorne, Pennsylvania for $22.1 million,...
16-hotel portfolio

MCR Refinances 16-Hotel Portfolio

NEW YORK—MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the...
Comings & goings

This Week’s Comings & Goings

Aligned Hospitality Management appointed Deborah Lahti as chief operating officer. Lathi will join Aligned’s corporate team to lead and manage the hotel’s daily business...
Gramercy Park Hotel

MCR/MORSE Development Acquires Gramercy Park Hotel

NEW YORK—MCR acquired the Gramercy Park Hotel in New York City. MORSE Development, which developed the TWA Hotel at New York City’s JFK Airport,...
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