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.
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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