MCR Acquires the Canopy by Hilton Charlotte Southpark
MCR — the country's 3rd-largest hotel owner-operator — has acquired the Canopy by Hilton Charlotte Southpark, a five-story, 150-room hotel built in 2020 in Charlotte, North Carolina. Closed with new financing in place, the hotel was purchased at a 20% discount to MCR's estimated replacement cost. This is the company's sixth hotel in North Carolina and its first Canopy by Hilton hotel.
Situated in the upscale commercial and residential Charlotte suburb of Southpark, the hotel is located 25 minutes from the Charlotte Douglas International Airport — the sixth busiest airport in the U.S., serving over 50 million passengers annually. South Charlotte is the fastest growing area in the Charlotte metropolitan area, with population growth of more than 70% since 2010 — four times the national average!
Major corporations, luxury shops and excellent dining are just minutes from the hotel's front doors. Southpark is the second-largest business district in Charlotte with more than five million square feet of office space. This includes more than two million square feet of office within a few blocks of the hotel — including the headquarters for Nucor, National Gypsum, Coca-Cola Consolidated, Albemarle and Piedmont Natural Gas, among others. Less than seven miles away is Uptown Charlotte, which serves as the headquarters for Fortune 500 companies like Bank of America, Duke Energy, and Honeywell.
Carolina cool! There are plenty of nearby leisure options to either keep you entertained or help you unwind once you're off-duty. Less than a half mile away is the Southpark Mall, one of the largest indoor malls in the southeast. Four miles away is Freedom Park, the 98-acre oasis known as the "Central Park" of Charlotte. Several prestigious golf clubs are also nearby, including Quail Hollow, which hosts an annual PGA tour event.
Back at the hotel, guests can enjoy the on-site farm-to-table restaurant with regular evening drink tastings. For those looking to maintain healthy routines, stop by the well-equipped fitness center or take a complimentary Canopy Bike for a spin to explore the neighborhood. Corporate travelers will appreciate the hotel's convenient, business-friendly location, as well as amenities including complimentary fast Wi-Fi and 9,000 square feet of meeting space.
The Canopy by Hilton Charlotte Southpark is located at 4905 Barclay Downs Drive.
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 
