MCR Acquires New York’s Iconic Gramercy Park Hotel, Shuttered Since 2020

MCR | August 28, 2023

The historic luxury hotel will receive a full renovation and reopen in 2025. NEW YORK--August 28, 2023--MCR — the country’s 3rd-largest hotel owner-operator — has acquired the iconic Gramercy Park Hotel in New York City. MORSE Development, which developed the experiential TWA Hotel at New York City’s JFK Airport, will bring back the magic and glamour of the five-star hotel, which has been closed since 2020. An extensive renovation will revitalize the lobby, the first-floor restaurants and bars, and the hotel’s 197 guestrooms and suites. The spectacular 7,000-square-foot rooftop bar — the only venue with a view o...