MCR Acquires the Courtyard Dallas Grand Prairie
NEW YORK--(BUSINESS WIRE)--Jan 11, 2023--
MCR – the country’s 4 th -largest hotel owner-operator – has acquired the Courtyard Dallas Grand Prairie, a four-story, select service hotel with 120 rooms in Grand Prairie, Texas. The hotel was purchased with acquisition financing from American Momentum Bank in place, at a rate of SOFR plus 260 basis points and a 65% loan to value.
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The Courtyard Dallas Grand Prairie. (Photo: Business Wire)
Opened in 2021, the hotel is located 20 minutes south of the Dallas Fort Worth International Airport – the second busiest airport in the U.S. serving the country’s fastest-growing metropolitan area. The Dallas Fort Worth MSA is now home to almost eight million residents, representing an increase of 22 percent over the past decade. And it’s a market the MCR team knows well: this hotel is the company’s eighth hotel in Dallas and its 39 th hotel in Texas.
Grand Prairie’s attractions draw in almost 10 million visitors per year. The hotel is a short, 10-minute drive from the Arlington Entertainment District, where you’ll find something for everyone. Sports fans can catch a Dallas Cowboys game at AT&T Stadium or see the Texas Rangers play at the new Globe Life Field. Families can enjoy the day at two major theme parks, riding the roller coasters at Six Flags over Texas or cooling off at the massive water park that is Hurricane Harbor Arlington. Texas Live! is the place for a night out, with its numerous dining and entertainment options, or take in a live show at Arlington Backyard, Arlington’s premier outdoor concert and festival destination.
Just across the street from the hotel is Epic Waters Indoor Waterpark – the largest one in North Texas and often referred to as a “cruise ship on land.” If you’re feeling less splashy, right nearby is Chicken N Pickle – a lively entertainment complex with pickleball, food and drinks, as well as numerous other restaurants.
The area is also a major manufacturing and distribution hub, with a significant presence from major corporations like Lockheed Martin, Poly America, Flex N Gate, General Motors, and Mission Foods, among others.
After a day enjoying all the local area has to offer, the hotel’s patio bar and fire pit area – complete with its own putting green – offers the perfect venue to relax and unwind before settling down in one of our spacious rooms or suites.
The hotel is also home to The Bistro, your dining destination throughout the day – from starting out with a fresh Starbucks® coffee to dinner and a glass of wine after sunset. You can also stick to your new year’s resolutions by squeezing in a workout at the hotel’s fitness center or doing some laps in the outdoor pool.
Business travelers will appreciate the hotel’s convenient central location, as well as amenities including complimentary high-speed, wireless internet access and 2,000 square feet of on-site meeting space.
The Courtyard Dallas Grand Prairie is located at 2850 South State Hwy 161 and features:
- 120 spacious rooms and suites
- The Bistro (full-service restaurant and bar)
- Grab-and-go market offering snacks and beverages
- Outdoor pool, putting green, patio bar, and fire pit
- Fitness center
- Complimentary on-site parking
- 24-hour business center
- Free, fast Wi-Fi
- 2,000 square feet of meeting space
Reserve by phone at +1 (972) 807-5500 or online.
- 4 th -largest hotel owner-operator in the United States
- $5.0 billion portfolio of 145 premium-branded hotels
- MCR operates 9 Marriott brands, 8 Hilton brands and a number of unflagged independent hotels
- Over 21,000 guestrooms across 37 states and 103 cities
- Founded in 2006
- Offices in New York City, Dallas, Chicago and Richmond, Virginia
- 6,000 team members across the country
- Three-time recipient of the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners
- Recipient of the Hilton Legacy Award for Top Performer
- For the TWA Hotel at New York’s JFK Airport, MCR won the Development of the Year (Full Service) Award at The Americas Lodging Investment Summit (ALIS), the Urban Land Institute New York Excellence in Hotel Development Award and the American Institute of Architects national Architecture Award, the highest honor given by the AIA
- Named one of Fast Company’s10 Most Innovative Travel Companies of 2020
- For more information, please visit mcrhotels.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20230111005165/en/
KEYWORD: UNITED STATES NORTH AMERICA TEXAS NEW YORK
INDUSTRY KEYWORD: LODGING COMMERCIAL BUILDING & REAL ESTATE DESTINATIONS CONSTRUCTION & PROPERTY TRAVEL
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PUB: 01/11/2023 09:00 AM/DISC: 01/11/2023 09:01 AM