MCR Acquires The Staybridge Suites Cathedral City Palm Springs At Foreclosure Auction
Mcr Bids To Win: The Staybridge Suites Cathedral City Palm Springs, An Ihg Hotel, Joins The Portfolio Of The Nation’s 4th-largest Hotel Owner-operator.
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Photo: MCR
Going once, going twice, sold! MCR — the country's 4th-largest hotel owner-operator — won the foreclosure auction for the 197-room Staybridge Suites Cathedral City Palm Springs, an IHG Hotel, on the Corona City Hall steps on April 7, 2021 at 9:30 AM. The acquisition marks MCR's expansion into the California market as the Staybridge Suites joins MCR's portfolio of 110 hotels across 33 states.
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In the heart of the Coachella Valley, the all-suite hotel is just 10 minutes from Palm Springs Airport, 15 minutes from downtown Palm Springs and a two-hour drive to star-studded Los Angeles. If you're searching for desert feels this summer, look no further! Next year, festival vibes will be in the air as Coachella and Stagecoach get rolling again.