MCR Purchases The Lexington Hotel, Autograph Collection by Marriott, in New York City for $185 Million

The nation’s 4th-largest hotel owner-operator will assume management of the hotel when it reopens in August 2021

NEW YORK--(BUSINESS WIRE)--MCR — the country’s 4th-largest hotel owner-operator — has acquired the 725-room The Lexington Hotel for $185 million, which equates to $255,000 per guestroom. The hotel was purchased by MCR in a joint venture transaction with Island Capital Group and Three Wall Capital LLC.

Located along Lexington Avenue’s Hotel Alley at 48th Street, the iconic Lexington Hotel was landmarked in 2016 as one of the most architecturally significant properties in Manhattan. Since its opening in 1929, The Lexington Hotel has housed historic figures, international celebrities, world leaders and renowned sports icons. Specialty suites are inspired by residents including Marilyn Monroe and Joe DiMaggio and Ella Fitzgerald. The hotel has also held an array of famous entertainment venues, including the legendary Hawaiian Room, Chateau Madrid and Denim & Diamonds, in the past.

The Lexington’s Autograph Collection affiliation allows the hotel’s rich history to be reflected through unique design elements and a boutique feel. The hotel’s ambiance captures Jazz Age Manhattan in a way that’s sure to inspire history buffs and trendy travel connoisseurs.

The hotel is well-positioned to reopen in August and, under MCR’s experienced management, will once again welcome guests from across the globe!

In addition to an onsite fitness center, the hotel is connected to a brand new, state of the art, 15,000-square-foot Crunch gym featuring cardio equipment, weights, full-service locker rooms, Rituals beauty products and group fitness classes.

Get your morning started at the Starbucks on the lobby level with a beverage and a freshly baked pastry. And be sure to check out the hotel’s bar for a nightcap. The Prohibition era-inspired The Stayton Room boasts cocktails and artisanal bar fare.

The Lexington Hotel is located at 511 Lexington Avenue at 48th Street and features:

• 725 pet-friendly guestrooms and specialty suites
• The Stayton Room, offering a craft cocktail menu and artisanal bar fare
• A 15,000-square-foot state of the art Crunch gym, one of the largest in Manhattan
• A Starbucks on the lobby level
• 3,713 square feet of event space across six rooms

Reserve rooms by phone at [phone] or online at lexingtonhotelnyc.com.

About MCR

MCR is the 4th-largest hotel owner-operator in the United States with a $4.0 billion portfolio of 110 premium-branded hotels containing more than 15,000 guestrooms across 33 states and 80 cities. Founded in 2006, the firm has offices in New York City, Dallas, Chicago and Richmond, Virginia. MCR has 3,600 team members across the country and operates hotels under 12 Marriott and Hilton brands. MCR is a recipient of the Marriott Partnership Circle Award, the highest honor Marriott presents to its owner and franchise partners, as well as the Hilton Legacy Award for Top Performer. For the TWA Hotel at New York’s JFK Airport, MCR won the Development of the Year (Full Service) Award at The Americas Lodging Investment Summit (ALIS), the Urban Land Institute New York Excellence in Hotel Development Award and the American Institute of Architects national Architecture Award, the highest honor given by the AIA. MCR was also named one of Fast Company’s 10 Most Innovative Travel Companies of 2020. For more information, please visit mcrhotels.com.