MCR Acquires Two Hotels in Phoenix, Arizona

MCR | July 31, 2023

NEW YORK--July 31, 2023--MCR — the country’s 3rd-largest hotel owner-operator — has acquired two hotels in Phoenix, Arizona. The 169-room Holiday Inn Express & Suites Scottsdale – Old Town and the 121-room Hampton Inn by Hilton Phoenix-Biltmore are located in prime, high-barrier-to-entry submarkets in one of the fastest-growing cities in the U.S. With the acquisition of these hotels, MCR has nine hotels in the Grand Canyon State. Located in Old Town Scottsdale, the all-suite Holiday Inn Express & Suites is an ideal jumping-off point for exploring the area’s unique collection of shops, restaurants, and art galleries, a...