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MCR Picks Up Palm Springs Hotel at Auction

With the purchase of the Staybridge Suites Cathedral City Palm Springs, the hotel operator expands into California.

Hotel operator MCR has acquired a Staybridge Suites Cathedral City Palm Springs at a foreclosure auction. With the acquisition, MCR has expanded into the California market, owning 110 properties in 33 states.

Staybridge Suites Cathedral City Palm Springs is a 197-room property in the Coachella Valley, near the Palm Springs Airport and Downtown Palm Springs. The extended-stay property has in-room kitchenettes with a full-sized refrigerator, microwave, two-burner stovetop and dishwasher, and the onsite amenities include a fitness center.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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