MCR and partner Building and Land Technology (BLT) have closed a $632-million, three-year, fixed-rate financing on a portfolio of 53 hotels across AZ, TX, VA, & NC

4/22/2024

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Connect CRE

• Subcategory: Capital Markets: Debt, Hospitality: Hotel

• Tag: Operations

• Additional Filters-Subcategory: Capital Markets: Debt-Loan

Totaling 5,958 keys, the properties were acquired between 2013 and 2015, with MCR and BLT spending a total of $118 million on capital improvements. The portfolio is concentrated in high growth markets across 14 states, including Texas, Arizona, Virginia and North Carolina.