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Chicago & Midwest  + Midwest  + Hospitality  |  May 30, 2018
Paul Bubny
By: Paul Bubny

MCR Picks Up Hilton-Branded Properties in Champaign

MCR has acquired a trio of Hilton-branded hotels in Champaign, IL, within walking distance of the 44,000-student University of Illinois campus. The college town is also home to Jimmy John’s, Wolfram Research and Yahoo!

Included in the acquisition were the Home2 Suites by Hilton Champaign/Urbana, the Hilton Garden Inn Champaign/Urbana (pictured), and the Homewood Suites by Hilton Champaign/Urbana. MCR did not disclose the sellers or financial terms of the deal.

“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,” said MCR CEO Tyler Morse. “The acquisition continues our investment strategy of purchasing premium-branded select service and extended-stay hotels with operations upside.”

Earlier this month, MCR acquired a Hilton Garden Inn in Loveland, OH, near Cincinnati. The New York-based hotel operator bought a Courtyard by Marriott in downtown Milwaukee in April.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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