MCR acquires Hyatt Regency O’Hare Chicago

NEW YORK — MCR, the 3rd-largest hotel owner-operator in the U.S., has acquired the 1,095-key Hyatt Regency O’Hare Chicago from an undisclosed seller for an undisclosed amount.

The 11-story hotel in Rosemont, Illinois, underwent a $13 million guestroom renovation in 2020. This is MCR’s first Hyatt Regency-branded hotel acquisition and its fifth hotel in Illinois.

The Hyatt Regency O’Hare Chicago is connected via skywalk to the Donald E. Stephens Convention Center, which has more than 840,000 sq. ft. of exhibition space, and the surrounding area has more than 18 million sq. ft. of office space.

MCR has a $5 billion portfolio of 150 hotels in 37 states across the U.S. The company operates nine Marriotts, eight Hiltons and a number of unflagged independent hotels.

Earlier this week, MCR announced a $300 million refinancing for a portfolio of 22 select-service hotels across 14 states. The portfolio includes 2,855 guest rooms in high-growth markets like Texas, Florida, New Mexico and South Carolina, which are managed by MCR’s in-house operations team.