New CFO at MCR

MCR, the fourth-largest hotel owner-operator in the U.S. with a $4-billion portfolio of 140 hotels, has appointed William White CFO.

Since he joined MCR in January 2016, White has served as an SVP, acquisitions and development based in the company’s New York City office. In that role, he led the company’s New York City hotel operations, overseeing day-to-day management as well as the acquisition of The Lexington Hotel, Autograph Collection, and the Royalton Hotel New York. He also oversaw the firm’s acquisition of two software companies—StayNTouch, a cloud-based hotel property management system, and Optii, a software platform that transforms hotel operations. In his new role, he leads MCR’s finance function, including accounting, fund administration, tax, treasury and human resources.

“MCR has experienced exponential growth in the past few years and will continue to invest in well-placed hotels and best-in-class technology,” said Tyler Morse, chairman/CEO, MCR. “William’s financial expertise and leadership qualities will strengthen MCR’s executive team and help usher in a new era of innovation.”

White said, “I am honored to have the opportunity to serve as the company’s next CFO. I look forward to drawing on my experience at MCR and working closely with our talented teams as we work to drive growth and profitability.”

Prior to MCR, he worked for the New York City Economic Development Corporation, where he analyzed opportunities for a portfolio of New York City development properties.

In another personnel move, Lisa Ross, previously the SVP, finance and accounting, has been named chief accounting officer and will report to White. She joined MCR in 2019 and has held a variety of senior finance-related roles at MCR and at Lionstone Investments, Hudson Advisors and The Hampstead Group.