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MCR Snags $300M for Hotel Portfolio Refi

With 2,855 total 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.

By Natalie Dolce | December 10, 2024 at 06:16 PM

NEW YORK CITY–Hotel owner-operator MCR 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.

According to a prepared release, the hotels are managed by MCR’s in-house operations team, which includes approximately 7,000 professionals. The release notes that MCR acquired the hotels between 2017 and 2020, and subsequently invested $65 million to renovate and modernize the portfolio, while also implementing a detail-oriented, data-driven approach to operations to improve asset performance.

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