Wealth & Finance International - Wealth & Money Management Awards 2016

www.wealthandfinance-intl.com 43 MCR Development LLC Best High-End Hotel Investment & Development Firm - New York MCR Development LLC is the 7th largest hotel owner-operator in the United States with a $2.0 billion portfolio of 82 premium-branded hotels with over 9,700 rooms across 21 states and 57 cities. We profile this dynamic and ever evolving company and explore the approach which has helped it to achieve its current, industry leading success. Company: MCR Development LLC Address: 152 West 57th Street 46th Floor, New York, New York 10019 Phone: (212) 277-5602 Email: [email protected] Website: http://www.mcrdevelopment.com/ Established in 2006, since inception the MCR Team have grown the firm’s portfolio through a series of development projects and acquisi- tions. The firm’s primary focus is to drive value throughout its real estate portfolio, generate superior returns for its investors, and provide a professional, integrity-driven, merit-based working environment for its team members. To achieve this the firm seeks opportunistic acquisitions and development The management experience and high-performance of the team has led to industry leading relationships, both of which are also key factors in MCR’s success. Both the Executives and Co-Founders of the firm have decades of on-the-ground hospitality asset and property man- agement experience at Starwood Hotels & Resorts Worldwide, Hilton Worldwide, Marriott International, Highgate Hotels, Ernst & Young LLP, RFS Hotel Investors, and others. MCR’s operational expertise empowers the company to execute a “buy and fix” strategy that boasts significant top-line operational improvement (primarily through growth in RevPAR / RevPAR index) and increased flow-through to the bottom line. Currently the firm is undergoing a wave of renovations on its properties, including its Marriott Brownsville Hotel in South Texas, Hampton Inn by Hilton in Western Kentucky and TownePlace Suites by Marriott in Baltimore. The renovation of these establishments highlights the firm’s continued commitment to providing quality guest accommodation to clients across the U.S and safeguarding the investment of its clients for the long term, which will be MCR’s focus moving forward. WM16051 Hilton Garden Inn, Midland, TX