NEW YORK CITY-Christmas came early for MCR Development, which picked up 10 Marriot and Hilton hotels across New York, New Jersey, Connecticut and Pennsylvania from the Briad Lodging Group.
By Alyson Grala|December 20, 2010 at 03:23 PM
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NEW YORK CITY-MCR Development LLC has acquired 10 hotels in the Northeast for approximately $164 million from the Briad Lodging Group, which was represented by CB Richard Ellis. MCR acquired six Marriott and four Hilton branded hotels located in New York, New Jersey, Connecticut and Pennsylvania. The brands include the Residence Inn by Marriott, SpringHill Suites by Marriott, Courtyard by Marriott, Hilton Garden Inn and Hilton Homewood Suites. The average age of the assets is less than two years.
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