• MCR buys 10 hotels in US

MCR Development has acquired 10 hotels in the northeastern US for approximately $164m.

MCR acquired six Marriott and four Hilton branded hotels, adding to its portfolio of 16 hotels. "These assets are high quality additions to our portfolio, especially given their alignment with two of the strongest brands in the hotel industry, Marriott and Hilton," said Tyler Morse, CEO.

See the full release here:
http://www.businesswire.com/news/home/20101220005800/en/MCR-Development-Acquires-Ten-Marriot-Hilton-Hotels

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