Mcr sells the residence inn by marriott seattle south/renton

New york--(business wire)--mcr — the country's 3rd-largest hotel owner-operator — today announced it has completed the sale of the 146-room residence inn by marriott seattle south/renton located in renton, washington for $55.5 million, or approximately $380,000 per key. the transaction closed on october 18, 2023. the firm purchased the hotel for $41.8 million, or approximately $286,000 per key, in june 2021. about mcr 3rd-largest hotel owner-operator in the united states $5.0 billion portfolio.
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