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National Hotel Investor Picks Up Property Next to Target’s Minneapolis HQ

DoubleTree Sells for 23% Less Than Its 2016 Price
The DoubleTree in downtown Minneapolis is New York-based hotelier MCR's third acquisition in Minnesota since the coronavirus pandemic began in 2020. (CoStar)
The DoubleTree in downtown Minneapolis is New York-based hotelier MCR's third acquisition in Minnesota since the coronavirus pandemic began in 2020. (CoStar)
By Clare Kennedy
CoStar News
December 20, 2021 | 11:25 P.M.

MCR, which describes itself as the fourth-largest hotel owner-operator in the U.S., has made another acquisition in downtown Minneapolis.

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