MCR Purchases the DoubleTree Minneapolis University Area and Converts It to a Hilton Garden Inn ...Middle East

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MCR Purchases the DoubleTree Minneapolis University Area and Converts It to a Hilton Garden Inn
source : hospitality net ( Middle East ) () 9
Big time in the Big Ten! MCR — the country's 4th-largest hotel owner-operator — is the proud owner of the 141-room Hilton Garden Inn Minneapolis University Area at the University of Minnesota's main campus that's home to more than 50,000 undergraduate and graduate students. Last fall, MCR acquired the DoubleTree from a lender who foreclosed on their borrower. MCR's purchase price was more than a 40% discount to what the hotel previously sold for in 2018. In June 2021, MCR rebranded the hotel from a DoubleTree to a Hilton Garden Inn. The Hilton Garden Inn is MCR's second hotel in Minneapolis. MCR also purchased the 60-room Chambers Hotel in downtown at a price that was nearly 50% below the pr

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