Big time in the Big Ten! MCR — the country’s 4th-largest hotel owner-operator — is the proud owner of the 141-room Hilton Garden Inn Minneapolis University Area at the University of Minnesota’s main campus that’s home to more than 50,000 undergraduate and graduate students. Last fall, MCR acquired the DoubleTree from a lender who foreclosed on their borrower. MCR’s purchase price was more than a 40% discount to what the hotel previously sold for in 2018. In June 2021, MCR rebranded the hotel from a DoubleTree to a Hilton Garden Inn. The Hilton Garden Inn is MCR’s second hotel in Minneapolis. MCR also purchased the 60-room Chambers Hotel in downtown at a price that was nearly 50% below the prior owner’s cost basis. Located on the University of Minnesota’s East Bank main campus, the Hilton Garden Inn Minneapolis University Area is across from the M Health Clinics hospital and its recently opened $160 million surgery center. The Stadium Village light rail station — with links to Minneapo…
Source: , New Hotel Opening

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