Acquisitions across the globe

Recent transactions include MCR acquiring a DoubleTree hotel in Downtown Tallahassee, FL, and Fort Partners purchasing the Palazzo Marini in Rome.

MCR acquires DoubleTree in Downtown Tallahassee, FL
MCR has acquired the DoubleTree by Hilton Hotel Tallahassee, a 17-story, 242-room hotel in Florida’s state capital. The hotel was purchased as a real estate-owned asset from a special servicer and is the company’s seventh hotel in The Sunshine State.

Located two blocks from the State Capitol, the property is within five blocks of 30 state agency headquarters, including the Florida Supreme Court and Governor’s Mansion. It’s also close to Florida State University and Florida A&M University.

The DoubleTree by Hilton Hotel Tallahassee features 242 guestrooms and suites; Jacob’s on the Plaza restaurant and bar; a rooftop bar and lounge with indoor and outdoor seating; an on-site Starbucks; a lobby lounge; fitness and business centers; an outdoor pool; 5,394 sq. ft. of event space across eight meeting rooms; and free WiFi.

Fort Partners purchases Palazzo Marini in Rome
Fort Partners Puerto Rico LLC, led by founder/CEO Nadim Ashi, has acquired the Palazzo Marini in Rome for 165 million euros ($169.2 million), with plans to develop the property into a luxury hotel that will be managed by Four Seasons Hotels and Resorts.

“A project in Rome has been a dream of mine for many years,” said Ashi. “We have a clear vision and can already see this magnificent place come to life. As with our other properties, Fort Partners’ commitment to delivering top quality, excellence and elegance will be ever-present in the execution of this project in the heart of Rome.”