MCR Sells Courtyard by Marriott Jacksonville Orange Park for $16.55 Million
NEW YORK, NY. October 16, 2017 - MCR, the seventh largest hotel owner-operator in the United States, today announced it has sold the Courtyard by Marriott Jacksonville Orange Park located at 610 Wells Road in Orange Park, Florida, for $16.55 million. The 115-room hotel was built in 2008.
“The sale of this property reaffirms our strategy of investing in limited service hotels affiliated with industry-leading brands and opportunistically disposing assets to generate attractive returns for our investors,” said Tyler Morse, Chief Executive Officer and Managing Partner of MCR.
MCR
MCR is the seventh largest hotel owner-operator in the country and has invested in and developed 95 hotel properties with over 11,000 rooms in 25 states. MCR's hotels are operated under 10 brands. The firm has offices in New York City and Dallas. In 2015 MCR was awarded the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners for hospitality excellence. For more information, please visit: www.mcrinvestors.com.
Contact:
MCR
info@mcrinvestors.com
212-277-5602
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
