MCR Hotels is an American hotel owner-operator. It is the fourth largest hotel owner in the United States by room count,[3] with 25,000 rooms and hotels that include
The High Line and
TWA hotels.[4]
In 2015, MCR and
JetBlue negotiated the rights to turn the head house of the
TWA Flight Center into a new hotel.[7] The
TWA Hotel opened on May 15, 2019[8] and is the only hotel operating within the boundaries of JFK Airport.[9] By 2019, the company owned 90 hotels in 29 states.[10]
MCR purchased the
Sheraton New York Times Square Hotel in 2020 along with Island Capital Group.[11] The same year, it also purchased the cloud-based property management system StayNTouch[12] and the
Royalton Hotel with plans to renovate the property.[13]
In 2021, MCR Hotels purchased the
Lexington Hotel in New York City.[14] It also purchased the Housekeeping software firm Optii the same year.[15]
MCR acquired the former
Hotel Constance out of bankruptcy in 2022. The same year, it re-opened the hotel under the name Pasadena Hotel & Pool after $4 million in renovations.[16] MCR acquired a 99-year lease on the
Gramercy Park Hotel in 2023, with plans to reopen the hotel in 2025.[4]
On February 21, 2024,
BT Group announced the sale of London's
BT Tower to MCR Hotels for £275 million, with plans to repurpose the landmark communications tower as an iconic hotel.[17]
References
^"Portfolio". MCR Hotels. Retrieved 17 December 2023.