MCR Hotels
IndustryHospitality
Founded2006
FounderTyler Morse
Headquarters
United States
Key people
Tyler Morse, Chairman & CEO
William White, CFO
Websitewww.mcrhotels.com
Footnotes / references
[1][2]

MCR Hotels is an American hotel owner-operator. It is the fourth 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

MCR Hotels was founded by Tyler Morse in 2006. Its first hotel was built in Huntsville, Alabama the same year. By 2019, the company owned 90 hotels in 29 states.[5]

In 2020, MCR purchased the cloud-based property management system StayNTouch[6] and in 2021 purchased the Housekeeping software firm Optii.[7]

In 2021, MCR purchased the Lexington Hotel in New York City.[8]

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.[9]

MCR acquired a 99-year lease on the Gramercy Park Hotel in 2023, with plans to reopen the hotel in 2025.[4]

References

  1. ↑ "Portfolio". MCR Hotels. Retrieved 17 December 2023.
  2. ↑ "Senior Leadership". MCR Hotels. Retrieved 23 December 2023.
  3. ↑ Karmin, Craig (August 17, 2021). "Hotels Try Out Fees for Using the Pool and Checking In Early" – via www.wsj.com.
  4. 1 2 "MCR Hotels acquires Gramercy Park Hotel lease for $50M". The Real Deal. 25 August 2023. Retrieved 17 December 2023.
  5. ↑ Meyer, Ellen (November 2019). "Rocking The Boat" (PDF). Lodging Magazine. Retrieved 23 December 2023.
  6. ↑ 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.
  7. ↑ Sperance, Cameron (6 December 2021). "TWA Hotel Parent MCR Snaps Up Housekeeping Software Firm Optii". Skift. Retrieved 23 December 2023.
  8. ↑ Fox, Jena Tesse (July 22, 2021). "MCR acquires NYC hotel for $185M". Hotel Management.
  9. ↑ "Pasadena Hotel & Pool Opens At Site of Former Hotel Constance". Pasadena Now. 3 November 2022. Retrieved 2 January 2024.


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