MCR

MCR is the 7th largest hotel owner-operator in the United States with a $2.0 billion portfolio of 94 premium-branded hotels with over 11,200 rooms across 24 states and 67 cities. Established in 2006, the MCR Team has grown the firm's portfolio through a series of development projects and acquisitions. Strategy MCR's primary focus is to drive value throughout its real estate portfolio, generate superior returns for its investors, and provide a professional, integrity-driven, merit-based working environment for its team members. MCR has consistently executed this business plan via: •Opportunistic Acquisitions and Development •Management Experience and High-Performance Team •Industry Leading Relationships Opportunistic Acquisitions and Development MCR has acquired or developed approximately $1.3 billion of hotel real estate since its inception, focusing primarily on the Marriott and Hilton brands. •Using strict underwriting criteria, MCR has established a robust acquisition platform that focuses on acquiring hotels with significant operational upside situated in strong corporate, government, education, medical, and/or military driven markets. •MCR's experience (13 hotels, 1,600 keys) ranges from ground-up development of premium Marriott and Hilton select service hotel properties, to partial renovations and property expansions, to the complete adaptive re-use and historic restoration of a New York City landmark (The High Line Hotel, which has been featured in publications such as Vanity Fair, Vogue, and on Forbes.com). Superior Management and High-Performance Team MCR’s Executives and Co-Founders have decades of on-the-ground hospitality asset and property management experience at Starwood Hotels & Resorts Worldwide, Hilton Worldwide, Marriott International, Highgate Hotels, Ernst & Young LLP, RFS Hotel Investors, and others. MCR’s operational expertise empowers the company to execute a “buy and fix” strategy that boasts significant top-line operational improvement (primarily through growth in RevPAR / RevPAR index) and increased flow-through to the bottom line. Industry & Community Partnerships MCR is committed to developing and supporting the community through various organizations and education partners. •Partnership for New York City •National Association of Real Estate Investment Trusts (NAREIT) •Association for a Better New York •The Fisher Center for Real Estate and Urban Economics at University of California Berkeley •The New York Building Congress •Queens Chamber of Commerce •American Hotel & Lodging Association (AH&LA) •Courtyard by Marriott Franchise Advisory Council •The Homewood Suites by Hilton Operations and Sales Committee •The Wings Club •Industry Real Estate Financing Advisory Council (IREFAC) •Pension Real Estate Association (PREA) •Real Estate Board of New York (REBNY) •Cornell Hotel Society