MCR will own and manage all 26 hotels, each of which will continue to operate under its respective Marriott or Hilton brand affiliations, with long-term franchise agreements in place.
NEW YORK – MCR Development LLC announced that it has acquired 26 Marriott and Hilton hotels from Western International for $430 million.
MCR will own and manage all 26 hotels, each of which will continue to operate under its respective Marriott or Hilton brand affiliations, with long-term franchise agreements in place.
“We are excited to expand our partnership with the Marriott and Hilton brand families. The Western International hotels are built to a very high standard, and stand out amongst the competition. This investment provides great growth opportunities for our team members, and for our company to expand into new markets and continue to deliver high returns to our investors,” said Tyler Morse, CEO of MCR Development.
This portfolio is comprised of 3,002 rooms in four states with an average age of approximately 4 years old.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
