MCR acquires two Phoenix hotels

MCR has acquired two hotels in Phoenix. The 169-room Holiday Inn Express & Suites Scottsdale – Old Town and the 121-room Hampton Inn by Hilton Phoenix-Biltmore are located in high-barrier-to-entry submarkets in one of the fastest-growing cities in the U.S. With the acquisition of these hotels, MCR has nine hotels in the Grand Canyon State.

Located in Old Town Scottsdale, the all-suite Holiday Inn Express & Suites is an ideal jumping-off point for exploring the area’s unique collection of shops, restaurants and art galleries, as well as museums and historic sites dating as far back as the 1800s, according to the company. The hotel is 1.5 miles from Fashion Square Mall and near Scottsdale Stadium.

The 121-room Hampton Inn Phoenix-Biltmore is located off Camelback Road and half a mile from the Biltmore Fashion Park, a destination for shopping, dining and nightlife. The hotel is located 10 minutes from the airport, 15 minutes from downtown and in close proximity to 24 million sq. ft. of office space that’s home to companies like Honeywell, Accenture and Cisco.