Hotel Owner-Operator MCR Closes Latest Fund At $300M

Law360 (June 1, 2018, 4:45 PM EDT) -- Hotel owner-operator MCR on Friday said it has closed its latest fund with $300 million in commitments, which will provide the company with approximately $1 billion in purchasing capacity to target various hotel investments.

The New York and Texas-based hotelier closed MCR Hospitality Fund LP and will use the proceeds to target investments in institutional-quality Marriott and Hilton select service and extended-stay hotels in the U.S. The fund was formed in August 2017 and has acquired 11 hotels, totaling $160 million in transaction volume and $62 million in total equity, representing 20 percent of the fund’s capital.

"This important milestone reflects...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS