MCR Hotels
 | |
| Industry | Hospitality |
|---|---|
| Founded | 2006 |
| Founder | Tyler Morse |
| Headquarters | United States |
Key people | Tyler Morse, Chairman & CEO William White, CFO |
| Website | www |
| Footnotes / references [1][2] | |
MCR Hotels is an American hotel owner-operator. It is the third largest hotel owner in the United States by room count,[3] with 25,000 rooms and hotels that include The High Line and TWA hotels.[4]
History
[edit]MCR Hotels was founded by Tyler Morse in 2006. Its first hotel was built in Huntsville, Alabama the same year. In 2012, MCR Hotels purchased a historic dormitory of General Theological Seminary that was built in 1895.[5] The building was converted into The High Line Hotel which was opened in May 2013.[6]
In 2015, MCR and JetBlue negotiated the rights to turn the head house of the TWA Flight Center into a new hotel.[7] The TWA Hotel opened on May 15, 2019[8] and is the only hotel operating within the boundaries of JFK Airport.[9] By 2019, the company owned 90 hotels in 29 states.[10]
MCR purchased the Sheraton New York Times Square Hotel in 2020 along with Island Capital Group.[11] The same year, it also purchased the cloud-based property management system StayNTouch[12] and the Royalton Hotel with plans to renovate the property.[13]
In 2021, MCR Hotels purchased the Lexington Hotel in New York City.[14] It also purchased the Housekeeping software firm Optii the same year.[15]
MCR acquired the former Hotel Constance out of bankruptcy in 2022. The same year, it re-opened the hotel under the name Pasadena Hotel & Pool after $4 million in renovations.[16] MCR acquired a 99-year lease on the Gramercy Park Hotel in 2023, with plans to reopen the hotel in 2025.[4]
On February 21, 2024, BT Group announced the sale of London's BT Tower to MCR Hotels for £275 million, with plans to repurpose the landmark communications tower as an iconic hotel.[17]
References
[edit]- ^ "Portfolio". MCR Hotels. Retrieved 17 December 2023.
- ^ "Senior Leadership". MCR Hotels. Retrieved 23 December 2023.
- ^ Kelleher, Suzanne Rowan (21 February 2024). "U.S. Hotel Group To Turn London's Iconic BT Tower Into A Hotel". Forbes. Retrieved 20 May 2024.
- ^ a b "MCR Hotels acquires Gramercy Park Hotel lease for $50M". The Real Deal. 25 August 2023. Retrieved 17 December 2023.
- ^ Geberer, Raanan (May 26, 2015). "A Seminary, A Hotel, and Santa Claus". New York Press. Retrieved November 14, 2018.
- ^ Alberts, Hana R. (May 29, 2013). "High Line Hotel, Once Seminary Quarters, To Open In May". Curbed. Retrieved December 17, 2020.
- ^ Karmin, Craig (April 14, 2015). "JetBlue Wants to Turn Former TWA Terminal Into Hotel". The Wall Street Journal. Retrieved April 18, 2015.
- ^ "The TWA Hotel Takes Flight at J.F.K." The New York Times. May 15, 2019. Retrieved May 18, 2019.
- ^ Matthews, Karen (October 12, 2017). "Hotel at iconic TWA terminal will evoke glamour of jet age". USA TODAY. Retrieved December 26, 2017 – via Associated Press.
- ^ Meyer, Ellen (November 2019). "Rocking The Boat" (PDF). Lodging Magazine. Retrieved 23 December 2023.
- ^ "Island Capital Group and MCR Acquire Sheraton New York Times Square Hotel for $373M". Hospitality Net. April 21, 2022.
- ^ O'Neil, Sean (21 August 2020). "Group That Operates TWA Hotel Buys Chinese Tech Firm After President Trump's National Security Order". Skift. Retrieved 23 December 2023.
- ^ Karmin, Craig (September 15, 2020). "Royalton Hotel's New Owner Says Days of Velvet Rope Are Over". Wall Street Journal. ISSN 0099-9660. Archived from the original on January 20, 2023. Retrieved January 20, 2023.
- ^ Fox, Jena Tesse (July 22, 2021). "MCR acquires NYC hotel for $185M". Hotel Management.
- ^ Sperance, Cameron (6 December 2021). "TWA Hotel Parent MCR Snaps Up Housekeeping Software Firm Optii". Skift. Retrieved 23 December 2023.
- ^ "Pasadena Hotel & Pool Opens At Site of Former Hotel Constance". Pasadena Now. 3 November 2022. Retrieved 2 January 2024.
- ^ "BT Group announces sale of BT Tower to MCR Hotels".
External links
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