May 10, 2021

MCR Acquires the Staybridge Suites Cathedral City Palm Springs at Foreclosure Auction

By Bob Marra

The country’s 4th-largest hotel owner-operator – MCR – recently won a foreclosure auction for the 197-room Staybridge Suites Cathedral City Palm Springs in Corona. The acquisition marks MCR’s expansion into the California market as the Staybridge Suites joins MCR’s portfolio of 110 hotels across 33 states.

The pet-friendly Staybridge Suites Cathedral City Palm Springs is located at 67711 30th Avenue and features 197 suites with fully-equipped kitchens, a convenience store, a 24-hour fitness center, a heated outdoor pool, a firepit and barbecue grills, a 24-hour business center, laundry facilities and 1,000 square feet of event space across two meeting rooms

MCR owns a $4.0 billion portfolio of 110 premium-branded hotels containing more than 15,000 guestrooms across 33 states and 75 cities. Founded in 2006, the firm has offices in New York City, Dallas, Chicago and Richmond, Virginia. The company was named one of Fast Company’s 10 Most Innovative Travel Companies of 2020.

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