Alternative Investment Awards 2017

46 Wealth & Finance International - Alternative Investment Awards 2017 Company: MCR Contact: Melissa Gannon Email: [email protected] Address: One World Trade Center, Floor 86 New York, NY 10007, USA Phone: 19176283645 AI170048 MCR MCR is the 7th largest hotel owner-operator in the United States with a $2.0 billion portfolio of 82 premium-branded hotels with over 9,800 rooms across 21 states and 56 cities. We profile the firm to explore the secrets behind its success. Established in 2006, the MCR Team have grown the firm’s portfolio through a series of development projects and acquisitions. This dedicat- ed team has extensive hospitality experience at firms such as Starwood, Marriott, Hilton, Highgate and RFS, which it draws on when working on every project. Since inception the firm has created an enviable track record, having acquired and developed 92 select service hotels across 66 cities and 23 states, executed $2B in total transactions and invested $700MM of equity with 20 institutional capital partners. It has also borrowed over $1B from relationship-based balance sheet lenders at attractive terms and modest leverage levels. To ensure strong returns on investment MCR invests in select service hotels across the U.S, focusing on top brands such as Marriott and Hilton that generate higher returns. The company acquire from unso- phisticated owners, enabling them to leverage their expertise and scale of $2B platform to create value. This strategy has generated 19% IRR and 2.1x equity multiple across all investments over past 10 years, and moving forward MCR will be seeking to continue this and grow even further, building upon its current success. Best for Hotel Acquisitions 2017 - USA