MCR Acquires Homewood Suites by Hilton Little Rock Downtown

MCR Acquires DoubleTree Suites by Hilton Minneapolis Downtown

December 16, 2021

Restaurants & Hospitality

MCR has purchased the 229-room DoubleTree Suites by Hilton Minneapolis Downtown, located at 1101 LaSalle Avenue directly across from Target Corporation's global headquarters. The acquisition is MCR’s third hotel purchase in the Minneapolis metro in the past 12 months as the company continues to expand its presence in the market.

MCR Acquires Six Marriott and Hilton Hotels in Texas and New Mexico

December 21, 2021

Restaurants & Hospitality

MCR, the U.S. hotel owner-operator, acquired a six-property portfolio of Marriott and Hilton-branded hotels totaling 603 rooms across the Dallas–Fort Worth area and Santa Fe, New Mexico. The portfolio includes two Marriott-branded properties and four Hilton-branded properties, many of them recent-build and with a significant extended-stay/all-suite component.

MCR Acquires Hyatt Regency O'Hare Chicago

December 11, 2024

Restaurants & Hospitality

MCR has acquired the 11-story, 1,095-room Hyatt Regency O’Hare Chicago in Rosemont, Illinois, marking MCR’s first Hyatt Regency-branded hotel and its fifth property in Illinois. The hotel, located adjacent to the Donald E. Stephens Convention Center and five minutes from O'Hare International Airport, features extensive meeting space and recent guestroom renovations.

Banyan Investment Group Acquires Homewood Suites by Hilton Atlanta/Perimeter Center

January 24, 2022

Restaurants & Hospitality

Banyan Investment Group (BIG) acquired the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center in Sandy Springs, Georgia, marking the first purchase by its Banyan Lodging Enhanced Value Fund (BLEV). The acquisition is a value-add play for the fund—Banyan cited below-replacement cost purchase, strong cash flow and multiple demand drivers as the rationale.

Evermore Partners and New Castle Hotels & Resorts Acquire Montana Marriott Portfolio

March 30, 2023

Real Estate

Denver-based Evermore Partners and Ridgefield-based New Castle Hotels & Resorts acquired the Montana Marriott Portfolio in downtown Missoula, Montana, comprising a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile (approx. 20,000 sq. ft. of retail). The co-sponsors said the acquisition expands their presence in the Rocky Mountain region and broadens New Castle's management platform to the West.

Sonesta International Hotels Corporation Acquires RLH Corporation

December 30, 2020

Restaurants & Hospitality

Sonesta International Hotels Corporation announced a definitive agreement to acquire RLH Corporation (NYSE: RLH), a franchisor with more than 900 hotels. The deal will expand Sonesta's scale and franchising capabilities, creating a combined company with roughly 1,200 hotels across multiple brands; the transaction is expected to close in the first half of 2021 and will be funded with cash-on-hand and/or capital contributions from Sonesta's shareholders.