MCR Sells Courtyard by Marriott Jacksonville Orange Park
October 12 2017 - 12:38PM
Business Wire
MCR, the seventh largest hotel owner-operator in the United
States, today announced it has sold the Courtyard by Marriott
Jacksonville Orange Park located at 610 Wells Road in Orange Park,
Florida, for $16.55 million. The 115-room hotel was built in
2008.
“The sale of this property reaffirms our strategy of investing
in limited service hotels affiliated with industry-leading brands
and opportunistically disposing assets to generate attractive
returns for our investors,” said Tyler Morse, Chief Executive
Officer and Managing Partner of MCR.
About MCR
MCR is the seventh largest hotel owner-operator in the country
and has invested in and developed 95 hotel properties with over
11,000 rooms in 25 states. MCR’s hotels are operated under 10
brands. The firm has offices in New York City and Dallas. In 2015
MCR was awarded the Marriott Partnership Circle Award, the highest
honor Marriott presents to its owner and franchise partners for
hospitality excellence. For more information, please visit:
www.mcrinvestors.com.
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