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MCR, BLT Secure $647.5M Refinancing for 53-Property Hotel Portfolio

November 15, 2018 / David Cohen

A joint venture between hotel owner-operator MCR and real estate developer and manager Building and Land Technology has secured a $647.5M refinancing for a 53-property hotel portfolio spanning 15 states and 31 markets. The 5,958-room portfolio includes 33 Marriot-branded properties and 20 Hilton-branded properties. The assets are 12 years old on average.