MCR Acquires the Courtyard Dallas Grand Prairie

MCR | January 11, 2023

NEW YORK--MCR – the country’s 4th-largest hotel owner-operator – has acquired the Courtyard Dallas Grand Prairie, a four-story, select service hotel with 120 rooms in Grand Prairie, Texas. The hotel was purchased with acquisition financing from American Momentum Bank in place, at a rate of SOFR plus 260 basis points and a 65% loan to value. Opened in 2021, the hotel is located 20 minutes south of the Dallas Fort Worth International Airport – the second busiest airport in the U.S. serving the country’s fastest-growing metropolitan area. The Dallas Fort Worth MSA is now home to almost eight million residents, representing an incr...