MCR Hotels

MCR Hotels is an American hotel owner-operator. It is the third largest hotel owner in the United States by room count,^[3] with 25,000 rooms and hotels that include The High Line and TWA hotels.^[4]

MCR Hotels

Industry	Hospitality
Founded	2006; 19 years ago (2006)
Founder	Tyler Morse
Headquarters	United States
Key people	Tyler Morse, Chairman & CEO William White, CFO
Website	www.mcrhotels.com
Footnotes / references [1][2]

History

MCR Hotels was founded by Tyler Morse in 2006. Its first hotel was built in Huntsville, Alabama the same year. In 2012, MCR Hotels purchased a historic dormitory of General Theological Seminary that was built in 1895.^[5] The building was converted into The High Line Hotel which was opened in May 2013.^[6]

In 2015, MCR and JetBlue negotiated the rights to turn the head house of the TWA Flight Center into a new hotel.^[7] The TWA Hotel opened on May 15, 2019^[8] and is the only hotel operating within the boundaries of JFK Airport.^[9] By 2019, the company owned 90 hotels in 29 states.^[10]

MCR purchased the Sheraton New York Times Square Hotel in 2020 along with Island Capital Group.^[11] The same year, it also purchased the cloud-based property management system StayNTouch^[12] and the Royalton Hotel with plans to renovate the property.^[13]

In 2021, MCR Hotels purchased the Lexington Hotel in New York City.^[14] It also purchased the Housekeeping software firm Optii the same year.^[15]

MCR acquired the former Hotel Constance out of bankruptcy in 2022. The same year, it re-opened the hotel under the name Pasadena Hotel & Pool after $4 million in renovations.^[16] MCR acquired a 99-year lease on the Gramercy Park Hotel in 2023, with plans to reopen the hotel in 2025.^[4]

On February 21, 2024, BT Group announced the sale of London's BT Tower to MCR Hotels for £275 million, with plans to repurpose the landmark communications tower as an iconic hotel.^[17]

References

1. "Portfolio". MCR Hotels. Retrieved 17 December 2023.
2. "Senior Leadership". MCR Hotels. Retrieved 23 December 2023.
3. Kelleher, Suzanne Rowan (21 February 2024). "U.S. Hotel Group To Turn London's Iconic BT Tower Into A Hotel". Forbes. Retrieved 20 May 2024.
4. "MCR Hotels acquires Gramercy Park Hotel lease for $50M". The Real Deal. 25 August 2023. Retrieved 17 December 2023.
5. Geberer, Raanan (May 26, 2015). "A Seminary, A Hotel, and Santa Claus". New York Press. Retrieved November 14, 2018.
6. Alberts, Hana R. (May 29, 2013). "High Line Hotel, Once Seminary Quarters, To Open In May". Curbed. Retrieved December 17, 2020.
7. Karmin, Craig (April 14, 2015). "JetBlue Wants to Turn Former TWA Terminal Into Hotel". The Wall Street Journal. Retrieved April 18, 2015.
8. "The TWA Hotel Takes Flight at J.F.K." The New York Times. May 15, 2019. Retrieved May 18, 2019.
9. Matthews, Karen (October 12, 2017). "Hotel at iconic TWA terminal will evoke glamour of jet age". USA TODAY. Retrieved December 26, 2017 – via Associated Press.
10. Meyer, Ellen (November 2019). "Rocking The Boat" (PDF). Lodging Magazine. Retrieved 23 December 2023.
11. "Island Capital Group and MCR Acquire Sheraton New York Times Square Hotel for $373M". Hospitality Net. April 21, 2022.
12. O'Neil, Sean (21 August 2020). "Group That Operates TWA Hotel Buys Chinese Tech Firm After President Trump's National Security Order". Skift. Retrieved 23 December 2023.
13. Karmin, Craig (September 15, 2020). "Royalton Hotel's New Owner Says Days of Velvet Rope Are Over". Wall Street Journal. ISSN 0099-9660. Archived from the original on January 20, 2023. Retrieved January 20, 2023.
14. Fox, Jena Tesse (July 22, 2021). "MCR acquires NYC hotel for $185M". Hotel Management.
15. Sperance, Cameron (6 December 2021). "TWA Hotel Parent MCR Snaps Up Housekeeping Software Firm Optii". Skift. Retrieved 23 December 2023.
16. "Pasadena Hotel & Pool Opens At Site of Former Hotel Constance". Pasadena Now. 3 November 2022. Retrieved 2 January 2024.
17. "BT Group announces sale of BT Tower to MCR Hotels". Archived from the original on 2024-02-21. Retrieved 2024-02-21.{{cite web}}: CS1 maint: bot: original URL status unknown (link)

External links

• Official website