MCR and BLT Complete $632 Million Refinancing of 53-Hotel Portfolio

NEW YORK--(BUSINESS WIRE)--MCR, and Building and Land Technology (BLT), a premier real estate firm that has developed more than 25 million square feet of real estate across commercial and residential properties, have closed a $632 million, three-year, fixed-rate financing on a portfolio of 53 hotels across the United States. “This refinancing is a validation of the quality of assets in the portfolio and the attractive operating and financial performance of properties managed by MCR,” says Tyler