Articles tagged “mcr development”

Better late than never: Soho House has secured $200 million in alternative financing after an earlier effort failed. It aims to close its go-private deal by January 31.

The $2.7 billion deal to take members-only club operator Soho House private is in jeopardy after a key investor said it can't come up with the money.

The members-only club operator Soho House has agreed to an equity buyout by Tyler Morse and MCR Hotels, the third-largest owner of U.S. hotels. Billionaire Ron Burkle retains control.

Soho House has been unprofitable for most years of operation since its founding in London in 1995. But it just posted its third straight quarterly profit.

Stayntouch historically has been focused on independent hotels, but now it wants to take on Oracle Hospitality and sign some more big players.

Magna Hospitality Group paid $160 million to buy the Hilton-branded hotels at 150 West 48 Street from McSam Group.

MCR Hotels is taking over Manhattan’s famed Gramercy Park Hotels, with plans to reopen the shuttered property and restore it as a boutique luxury hotel.

Airport hotels can become lively attractions in their own right. Hotels can sell five-hour stays as easily as 24-hour stays. Not every hotel has to be sold via online travel agencies, MCR Hotels CEO Tyler Morse said.

MCR is using the expertise from its growing hotel enterprise to inform the development of its own growing hotel tech companies. What better strategy to solve some of the industry's biggest problems and make money doing it?

Tyler Morse saw an opportunity to improve his favorite hotel management products, an effort that could help push the industry further into the 21st century. It’s too early to know if his bets on software acquisitions will pay off, but if early numbers and a full pipeline are indicators, so far so good.