IHG Hotel
Marriott, Hilton, and IHG Close Q4 2022 With Largest Projects Counts in Every Stage of the U.S. Construction Pipeline
Lodging Econometrics (LE) | January 26, 2023
January 26, 2023 – PORTSMOUTH, NH As reported in the fourth quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE) for 2022, the franchise companies with the largest construction pipelines at the end of Q4 are led by Marriott International (Marriott) with 1,490 projects/180,113 rooms. Following Marriott is Hilton Worldwide (Hilton) with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline. At the close of the quarter, these top franchise companies also ...
MCR Acquires the Staybridge Suites Cathedral City Palm Springs, an IHG Hotel, in California
MCR | May 10, 2021
NEW YORK - May 10, 2021 - Going once, going twice, sold! MCR — the country’s 4th-largest hotel owner-operator — won the foreclosure auction for the 197-room Staybridge Suites Cathedral City Palm Springs, an IHG Hotel, on the Corona City Hall steps on April 7, 2021 at 9:30 AM. The acquisition marks MCR’s expansion into the California market as the Staybridge Suites joins MCR’s portfolio of 110 hotels across 33 states. In the heart of the Coachella Valley, the all-suite hotel is just 10 minutes from Palm Springs Airport, 15 minutes from downtown Palm Springs and a two-hour drive to star-studded Los Angeles. If you’re searching ...
