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MCR Development Acquires 26 Marriott and Hilton Hotels

NEW YORK—MCR Development LLC announced that it has acquired 26 Marriott and Hilton hotels from Western International for $430 Million. MCR will own and manage all 26 hotels, each of which will continue to operate under its respective Marriott or ...

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Indianapolis Hotels Subjects of Surprise Inspections

Police and fire officials in Indianapolis conducted a day-long surprise inspection of hotels on Oct. 9, and issued several citations, according to this report from The Indy Channel (RTV6). The officials randomly visited 18 properties in the city looking for ...

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Westin Proposed Near Music City Center in Nashville

Hotel developers are setting their sites on Nashville now that the Music City Center convention hall is welcoming meetings and groups. According to recent data from STR, Nashville’s pipeline had 1,963 rooms under construction. Most recently, the Omni Nashville opened ...

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Extended Stay America Expects IPO to Reach $500 Million

When Extended Stay America, owned by Blackstone Group, Centerbridge Partners LP and Paulson and Co., filed plans for an initial public offering back in July, the company filed with a placeholder amount of $100 million. But according to this report ...

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