M&A Deal Summary

MCR Development Acquires Hampton Inn & Suites Chicago/Waukegan

On February 11, 2019, MCR Development acquired restaurant Hampton Inn & Suites Chicago/Waukegan

Acquisition Highlights
  • This is MCR Development’s 4th transaction in the Restaurants sector.
  • This is MCR Development’s 4th transaction in the United States.
  • This is MCR Development’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-02-11
Target Hampton Inn & Suites Chicago/Waukegan
Sector Restaurants
Buyer(s) MCR Development
Deal Type Add-on Acquisition

Target

Hampton Inn & Suites Chicago/Waukegan

Waukegan, Illinois, United States
Hampton Inn & Suites Chicago/Waukegan is located at 438 Lakehurst Road in Waukegan, Illinois, and features: 116 guestrooms and studio suites, all with microwaves, mini refrigerators, and coffeemakers free fast wifi, complimentary hot breakfast, an on-site convenience store, complimentary 24-hour coffee and tea in lobby, a heated indoor pool, a 24-hour fitness center with cardio equipment and free weights, a 24-hour business center, on-site laundry service, 880 square feet of meeting and event space for up to 60 people, free on-site parking, and complimentary Neutrogena bath products.

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Buyer(S) 1

Buyer

MCR Development

New York, New York, United States
Category Company
Sector Restaurants
DESCRIPTION

MCR Development LLC is the 7th largest hotel owner-operator in the United States with a $2.0 billion portfolio of 89 premium-branded hotels with over 10,000 rooms across 23 states.

DEAL STATS #
Overall 4 of 5
Sector (Restaurants) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 San Antonio TownePlace Suites Hotels

San Antonio, Texas, United States

San Antonio TownePlace Suites Hotels operates hotels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 StayNTouch

Bethesda, Maryland, United States

StayNTouch, Inc. is a provider of cloud based platform for hotel managers track reservations, room rates, room inventory and housekeeping on a mobile or tablet interface. StayNTouch was founded in 2012 and is based in Bethesda, Maryland.

Buy $46M
Mergr

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