As MCR Development LLC broadens its focus in the lodging market, it’s adding landmarks like a former TWA flight terminal at JFK International Airport to its portfolio to go along with the seminary in Manhattan’s Chelsea neighborhood that the company converted to The High Line Hotel in 2013.
Established in 2006, MCR Development is a private owner of a $2 billion portfolio of 90 primarily Hilton and Marriott-branded hotels across 23 states and 62 cities. The company has acquired or developed approximately $1.3 billion of lodging real estate since its inception, concentrating on select service hotels.
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