M&A Deal Summary

MCR Development Acquires San Antonio TownePlace Suites Hotels

On February 26, 2015, MCR Development acquired restaurant San Antonio TownePlace Suites Hotels

Acquisition Highlights
  • This is MCR Development’s 3rd transaction in the Restaurants sector.
  • This is MCR Development’s 3rd transaction in the United States.
  • This is MCR Development’s 1st transaction in Texas.

M&A Deal Summary

Date 2015-02-26
Target San Antonio TownePlace Suites Hotels
Sector Restaurants
Buyer(s) MCR Development
Deal Type Add-on Acquisition

Target

San Antonio TownePlace Suites Hotels

San Antonio, Texas, United States
San Antonio TownePlace Suites Hotels operates hotels.

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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 3 of 5
Sector: Restaurants M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 5
State: Texas M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-26 Hampton Inn hotel

Matthews, United States

Hampton Inn hotel is a provider of lodging services for business or leisure travelers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 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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