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Sign in Sign up for a FREE subscriptionMCR closes on $420m refinancing of 30-hotel portfolio
MCR has closed on a $420 million refinancing of 30 hotels across the country.
Spread across 17 states, the 30-hotel portfolio totals 3,792 rooms and is concentrated in dynamic, high-growth markets — including Florida, Utah, Nevada, Colorado, Texas and South Carolina. The hotels have strong historical and in-place cash flow, and all have recently undergone capital improvements, positioning them well for future growth.
The portfolio’s product type and geographic mix is diverse, consisting of Hilton- and Marriott-affiliated select service and extended stay hotels across eight different flags: Homewood Suites, Hampton Inn & Suites, Hilton Garden Inn, Home2 Suites, Residence Inn, Courtyard, SpringHill Suites and TownePlace Suites.
Locations range from leisure destinations (such as the Hilton Garden Inn Orlando at SeaWorld) to urban markets (Courtyard by Marriott Milwaukee Downtown) to university-driven markets (Hilton Garden Inn, Homewood Suites by Hilton and
