Wednesday, December 26, 2012

NYC Investor Picks Up 10 Baltimore Area Hotels




National Commercial Real Estate News From CoStar Group





NYC Investor Picks Up 10 Baltimore Area Hotels



New York City-based MCR Development LLC, an owner and operator of limited-service hospitality properties, purchased 10 hotels in the Baltimore, MD, area. The price was undisclosed.

Skye Hospitality LLC, the seller, is a family-owned firm that developed and operated each location under franchise agreements with Hilton and Marriott.

The 1,294-room portfolio consists of:
Hampton Inn and Suites Arundel Mills, 130 rooms at 7027 Arundel Mills...






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