MCR Hotels

MCR Hotels
Industry	Hospitality
Founded	2006; 18 years ago
Founder	Tyler Morse
Headquarters	United States
Key people	Tyler Morse, Chairman & CEO; William White, CFO
Website	www.mcrhotels.com
	Footnotes / references;

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]

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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]

[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)

Official website

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[1] [1]
"Portfolio". MCR Hotels. Retrieved 17 December 2023.

[2] [2]
"Senior Leadership". MCR Hotels. Retrieved 23 December 2023.

[3] [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.

[TheRealDeal-4] [4]
"MCR Hotels acquires Gramercy Park Hotel lease for $50M". The Real Deal. 25 August 2023. Retrieved 17 December 2023.

[NYPress-5] [5]
Geberer, Raanan (May 26, 2015). "A Seminary, A Hotel, and Santa Claus". New York Press. Retrieved November 14, 2018.

[6] [6]
Alberts, Hana R. (May 29, 2013). "High Line Hotel, Once Seminary Quarters, To Open In May". Curbed. Retrieved December 17, 2020.

[7] [7]
Karmin, Craig (April 14, 2015). "JetBlue Wants to Turn Former TWA Terminal Into Hotel". The Wall Street Journal. Retrieved April 18, 2015.

[8] [8]
"The TWA Hotel Takes Flight at J.F.K." The New York Times. May 15, 2019. Retrieved May 18, 2019.

[USAToday-Hotel-2017-9] [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.

[LMag-10] [10]
Meyer, Ellen (November 2019). "Rocking The Boat" (PDF). Lodging Magazine. Retrieved 23 December 2023.

[11] [11]
"Island Capital Group and MCR Acquire Sheraton New York Times Square Hotel for $373M". Hospitality Net. April 21, 2022.

[12] [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.

[Karmin_2020-13] [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] [14]
Fox, Jena Tesse (July 22, 2021). "MCR acquires NYC hotel for $185M". Hotel Management.

[15] [15]
Sperance, Cameron (6 December 2021). "TWA Hotel Parent MCR Snaps Up Housekeeping Software Firm Optii". Skift. Retrieved 23 December 2023.

[PasRennov-16] [16]
"Pasadena Hotel & Pool Opens At Site of Former Hotel Constance". Pasadena Now. 3 November 2022. Retrieved 2 January 2024.

[17] [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)

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