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 ...