MCR Acquires the Canopy by Hilton Charlotte Southpark

MCR | September 13, 2023

NEW YORK-- MCR — the country’s 3rd-largest hotel owner-operator — has acquired the Canopy by Hilton Charlotte Southpark, a five-story, 150-room hotel built in 2020 in Charlotte, North Carolina. Closed with new financing in place, the hotel was purchased at a 20% discount to MCR’s estimated replacement cost. This is the company’s sixth hotel in North Carolina and its first Canopy by Hilton hotel. Situated in the upscale commercial and residential Charlotte suburb of Southpark, the hotel is located 25 minutes from the Charlotte Douglas International Airport — the sixth busiest airport in the U.S., serving over 50 million passen...