MCR Acquires SpringHill Suites by Marriott Richmond North Glen Allen in Virginia for $10.85 Million

MCR | April 18, 2018

NEW YORK – April 18, 2018 – MCR, the seventh largest hotel owner-operator in the United States, today announced that it has acquired the 136-room SpringHill Suites by Marriott Richmond North Glen Allen located in Glen Allen, VA, for $10.85 million. The property is located at the intersection of I-295 and I-95, with close proximity to major distribution hubs and corporate office parks. "We are pleased to make this investment in the Richmond area, a region MCR has successfully invested in previously," said Tyler Morse, Chief Executive Officer and Managing Partner of MCR. "Given the variety of demand generators and the continue...