MCR acquires Illinois extended stay hotels

MCR, the seventh largest hotel owner-operator in the US, has acquired three Hilton-branded hotels in Champaign, Illinois.

The properties are a Home2 Suites by Hilton, a Hilton Garden Inn and a Homewood Suites by Hilton. All three are close to the 44,000-student University of Illinois campus and the newly renovated State Farm Center arena, home of the Fighting Illini Women's and Men's Basketball teams.

"These three well-located Hilton-branded properties are positioned to benefit significantly from the University of Illinois' continued growth and are expected to produce attractive returns for our investors," said Tyler Morse, CEO and managing partner of MCR. "The acquisition continues our investment strategy of purchasing premium-branded select service and extended stay hotels with operations upside."

The 104-suite Home2 Suites by Hilton Champaign/Urbana opened in 2016. The hotel's suites come with free Wi-Fi, free breakfast, self-service laundry facilities, a fully-equipped fitness centre with an indoor pool, A 24-hour convenience store, an outdoor area with seating, cooking grills and a fire pit, meeting space that can accommodate 50 people, a 24-hour business centre and free scheduled shuttle service to the University of Illinois Willard Airport.

The Homewood Suites by Hilton Champaign/Urbana also include free breakfast each morning and a complimentary evening social Monday through Thursday. The hotel also comes with a fitness centre, indoor pool, basketball and tennis courts, a 24-hour convenience store, complimentary grocery shopping service and on-site laundry facilities. A 24-hour business centre and meeting space for up to 50 people is also on offer.

View all Articles

"Thank you for ABODA's inclusion into the inaugural SAS Americas. I was very impressed with the quality and content of the summit and look forward to seeing you again at the SAS Europe in London this summer."

Lee Curtis, president, ABODA

Subscribe and keep up-to-date