MCR Acquires an all-star hotel lineup at the University of Illinois

Nation’s seventh-largest hotel owner-operator adds three key players in Champaign

MCR, the seventh largest hotel owner-operator in the U.S., has acquired three Hilton-branded hotels in Champaign, Illinois. The all-star lineup—a Home2 Suites by Hilton, a Hilton Garden Inn, and a Homewood Suites by Hilton—is steps from the 44,000-student University of Illinois campus and the newly renovated State Farm Center arena, home of the Fighting Illini Women’s and Men’s Basketball teams.

A slam-dunk for sports fans, Champaign, Illinois is also a bustling business region thanks to the Carle Foundation Hospital and the corporate offices of Jimmy John’s, Wolfram Research, and Yahoo!.

“These three well-located Hilton-branded properties are positioned to benefit significantly from the University of Illinois’ continued growth and are expected to produce attractive returns for our investors,” says Tyler Morse, CEO and managing partner of MCR. “The acquisition continues our investment strategy of purchasing premium-branded select service and extended stay hotels with operations upside.”

MCR’s new key players

The Home2 Suites by Hilton Champaign/Urbana, which opened in 2016, is located at 2013 South Neil Street and features:

  • 104 pet-friendly suites with fully-equipped kitchens and flexible furniture
  • Free Wi-Fi
  • Free breakfast at the Inspired Table restaurant
  • Self-service laundry facilities
  • A fully-equipped fitness center with an indoor pool
  • A 24-hour convenience store
  • An outdoor area with seating, cooking grills, and a fire pit
  • Meeting space that can accommodate 50 people
  • A 24-hour business center
  • Free scheduled shuttle service to the University of Illinois Willard Airport
MCR Acquires All Star Hotel Lineup University Illinois

The Hilton Garden Inn Champaign/Urbana is located at 1500 South Neil Street and features:

  • 99 spacious rooms with microwaves and refrigerators
  • Free Wi-Fi
  • The Garden Grille and Bar, which offers room service, and the Pavilion Lounge cocktail bar
  • A fully-equipped fitness center with an indoor pool and a hot tub
  • A 24-hour Pavilion Pantry convenience store
  • 18,000 square feet of flexible event space that can accommodate 1,000 people
  • Free shuttle service to the University of Illinois Willard Airport

Homewood Suites by Hilton Champaign/Urbana is located at 1417 South Neil Street and features:

  • 98 suites with fully-equipped kitchens
  • Free Wi-Fi
  • Free breakfast every morning and complimentary evening social Monday through Thursday
  • A fully-equipped fitness center with an indoor pool, basketball court, and tennis court
  • A 24-hour convenience store and complimentary grocery shopping service
  • An outdoor area with seating, cooking grills and a fire pit
  • On-site laundry facilities
  • Meeting space that can accommodate 50 people
  • A 24-hour business center
  • Free shuttle service to the University of Illinois Willard Airport

Source: MCR

Images courtesy: Business Wire