The Residence Inn Norfolk Downtown inNorfolk, VA.
NEW YORK CITY—A joint venture of hotel owner-operator MCR andreal estate development and investment firm Building and LandTechnology report they have completed a $647.5-million nationalhotel portfolio refinancing deal.
Bank of America led the financing, which also included WellsFargo and two mezzanine lenders. The national portfolio owned byNew York City-based MCR and BLT of Stamford, CT, encompasses 5,958 guestrooms at 53 Marriott and Hilton select service and extended stayhotels located in 15 states and 31 markets.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
