MCR Acquires Allentown, Pennsylvania’s 111-Room Hilton Garden Inn for $15 Million
November 28, 2017 1:17pm
NEW YORK--MCR, the seventh largest hotel owner-operator in the United States, today announced that it has acquired the 111-room Hilton Garden Inn Allentown West located in Allentown, PA, for $15.0 million. The property is located at the intersection of I-78 and PA Route 100, which is the center of the Lehigh Valley’s manufacturing and logistics industry.
“We are very pleased to make this investment in the Lehigh Valley, a region MCR has successfully invested in previously,” said Tyler Morse, Chief Executive Officer and Managing Partner of MCR. “Given the array of demand generators supported by the area’s strong business climate and continued investment from major corporations, we believe the property is well positioned to generate positive returns for our investors.”
The hotel’s location in the center of the region’s high growth economy includes major manufacturing and distribution operations for Samuel Adams, Volvo Mack Trucks, Nestle, Amazon, and others. The hotel also welcomes guests visiting nearby attractions including Lehigh University, Kutztown University, the Crayola Factory, Dorney Park, and local vineyards.
Situated at 230 Sycamore Road, the property features an indoor pool, fitness center, free Wi-Fi, 1,330 sq ft of meeting space accommodating up to 80 people, The Great American Grill, a 24-hour business center and a 24-hour Pavilion Pantry®. Guest rooms offer a spacious work area, 42-inch flat-screen TVs, and coffeemaker.
hilton garden inn allentown west,
MCR is the seventh largest hotel owner-operator in the country and has invested in and developed 95 hotel properties with over 11,000 rooms in 25 states. MCR’s hotels are operated under 10 brands. The firm has offices in New York City and Dallas. In 2015 MCR was awarded the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners for hospitality excellence. For more information, please visit: www.mcrinvestors.com
Hilton Appoints Kellyn Smith Kenny as Chief Marketing Officer
Parks Hospitality to Develop Waldorf Astoria Cancun and Hilton Cancun in Mexico
Conrad Hotels & Resorts Opens Conrad Cartagena Marking Brand First in Colombia
Owned and Managed by OTO Development, Home2 Suites by Hilton Mt. Pleasant Charleston Opens in South Carolina
Chesapeake Lodging Trust Opens Hilton Denver City Center Following $27 Million Multi-Phased Renovation and Rebranding
Dual-Branded Homewood Suites and Hampton Inn Long Beach Airport Opens in California with General Manager R.J. Escobedo in the Pilot's Seat
Embassy Suites Dallas DFW Airport North Completes Phase One of its Multi-Million-Dollar Renovation
Homewood Suites by Hilton Silao Airport Opens in Key Industrial Center in Central Mexico
Developed and Owned by Button Block Holdings, LLC and Managed by Kinseth Hospitality Companies, Homewood Suites by Hilton Milwaukee Downtown Opens
Owned, Developed and Managed by Ontario Hospitality, Home2 Suites by Hilton Opens in Jackson, Michigan
Hilton Launches Incubator to Fast-Track Guest Innovations
HMB Management Opens Homewood Suites by Hilton Allentown Bethlehem Center Valley in Eastern Pennsylvania
Virginia Crossings Hotel & Conference Center Joins Tapestry Collection by Hilton Marking Brand's Second Property
Owned and Managed by AAA Hotel Company, Home2 Suites by Hilton Lake Charles Opens in Louisiana
Tru by Hilton Expands to Canada with Signing of Three Properties
Q3 2017 Financial Reports Round Up Part 2: Hilton, Wyndham, Las Vegas Sands, Pebblebrook
Owned by Kamba Hospitality and Managed by Witness Hospitality, New Home2 Suites Opens in Lafayette, Indiana
MCR Acquires Hampton Inn & Suites by Hilton in Chicago Suburb for $12.75 Million
Concord Hospitality Reveals First Look of Canopy by Hilton’s North American Debut in Washington, D.C.
MCR Sells Courtyard by Marriott Jacksonville Orange Park for $16.55 Million
Please login or register to post a comment.