Home Commercial MCR Hotels Acquires 170-Room SeaTac Extended Stay Hotel for $53.125MM

MCR Hotels Acquires 170-Room SeaTac Extended Stay Hotel for $53.125MM

MCR Hotels, SeaTac, SEATAC Airport, Texas Western Hospitality, Residence Inn SeaTac Airport Hotel, Hilton

By Catherine Sweeney

New York-based hospitality investment firm MCR Hotels is continuing its expansion into the Puget Sound area. After its most recent acquisition in the region, the company is now the owner of a 170-room extended stay hotel in SeaTac. According to public records, the property, the Residence Inn SeaTac Airport hotel, was sold by Texas Western Hospitality for $53.125 million, or approximately $312,500 per room. 

According to public records, the four-story hotel, which is located at 19608 International Boulevard, totals 112,765 square feet and was recently constructed in 2018. Additionally, the hotel’s website shows the extended stay property offers guests a variety of amenities, including high speed internet, a business center, dining areas and in-suite kitchens, a fitness center, bar and more. 

“Take a moment to unwind in our pet-friendly hotel’s spacious suites. Have a productive morning with our free, high-speed Wi-Fi and ergonomic workstation, then prepare a delicious meal using your fully equipped kitchen. If you’re lacking the ingredients you need to prepare your signature dish, stop by our free breakfast buffet for some healthy and hearty options. Want to stay active during your visit? Our hotel’s lakeside fitness center with cardio equipment and free weights makes it easy. If you’re hosting a meeting or small gathering, reserve our event venue featuring AV equipment. Mix and Mingle in our Bar,” the property’s website states. 

Located in SeaTac, the property is conveniently situated near the SeaTac Airport and conveniently located near the Link Light Rail, providing direct access to downtown Seattle. Nearby, other attractions include the Westfield Southcenter Mall, the 178-acre Seahurst Park and the ShoWare Center, which serves as a venue for sporting events, musical acts and other entertainment.  

While based in New York, this is not the company’s first reach into the Pacific Northwest. In July, the company purchased another extended stay Marriott in Renton. The acquisition of the  146-room Residence Inn by Marriott Seattle South/Renton was part of a larger $94 million transaction, which consisted of 674 hotel rooms in five hotels. Other hotels included in the purchase were the 132-room Courtyard by Marriott Dallas Plano/Richardson, located at 1805 East President George Bush Highway; the 129-room Residence Inn by Marriott Dallas Plano/Richardson at 1705 East President George Bush Highway; the 132-room Courtyard by Marriott Houston I-10 West/Park Row at 18010 Park Row Drive; and the 135-room Hampton Inn & Suites by Hilton Houston I-10 West/Park Row at 18014 Park Row Drive. 

MCR Hotels was founded in 2006. Since then, the company has grown to become the fourth largest hotel owner and operator in the U.S. According to its website, the company’s $4 billion portfolio consists of 125 independent hotels with 20,000 guest rooms across 84 cities. The company’s portfolio also includes 23 hotel brands, with a primary focus on Marriott and Hilton.