The Residence Inn Norfolk Downtown in Norfolk, VA.
NEW YORK CITY—A joint venture of hotel owner-operator MCR and real estate development and investment firm Building and Land Technology report they have completed a $647.5-million national hotel portfolio refinancing deal.
Bank of America led the financing, which also included Wells Fargo and two mezzanine lenders. The national portfolio owned by New York City-based MCR and BLT of Stamford, CT, encompasses 5,958 guest rooms at 53 Marriott and Hilton select service and extended stay hotels located in 15 states and 31 markets.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
