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MCR the country s 3rd-largest hotel owner-operator has acquired the iconic Gramercy Park Hotel in New York City. MORSE Development, which developed the experiential TWA Hotel at New York City s JFK Airport, will bring back the magic and glamour of the five-star hotel, which has been closed since 2020. An extensive renovation will revitalize the lobby, the first-floor restaurants and bars, and the hotel s 197 guestrooms and suites. The spectacular 7,000-square-foot rooftop bar the only venue with a view of the exclusive Gramercy Park will also receive a full restoration. ....
MCR Concludes a Record-Breaking 24 Months With $2 Billion of Real Estate Investments hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
MCR, a leading hotel investor and the third-largest hotel owner-operator in the United States, and Island Capital Group LLC (“Island Capital”), a leading international real estate merchant bank that controls a diverse group of real estate services companies engaged in fund management, principal investment, and financial advisory and consulting services, today announced that they have jointly acquired the Sheraton New York Times Square Hotel, an iconic 1,780-room hotel in the heart of midtown Manhattan and the unofficial Gateway to Times Square, for $373 million. ....
Austin M&A wrap: Texas Monthly buys Texas Country Reporter; Optii acquired bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.