Market Overview

MCR Acquires Springhill Suites at the Ultimate All-Ages Summer Vacation Spot

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Weekend getaway gold: The Fairfax, Virginia hotel is minutes from George
Washington's Mount Vernon, a water park and the Smithsonian Air & Space
Museum's Udvar-Hazy Center

MCR,
the seventh-largest hotel owner-operator in the United States, has
acquired the 140-room SpringHill
Suites Fairfax Fair Oaks
in Northern Virginia, which received a $1.4
million top to bottom renovation last year.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180725005021/en/

SpringHill Suites Fairfax Fair Oaks (Photo: Business Wire)

SpringHill Suites Fairfax Fair Oaks (Photo: Business Wire)

Just 20 minutes from Dulles International Airport (IAD), Fairfax,
Virginia offers something for everyone in the family. See the first
supersonic airliner, a Concorde jet, at the nearby Smithsonian Air &
Space Museum Steven F. Udvar-Hazy Center, learn how George Washington
made whiskey in 1799 at Mount Vernon's working distillery and ride
Cannonball Slides at SplashDown Waterpark.

When business calls, the SpringHill Suites Fairfax Fair Oaks is close to
Northrop Grumman, General Dynamics, Boeing, the National Reconnaissance
Office and other corporate headquarters.

"Everyone should visit Fairfax," says Tyler Morse, CEO and Managing
Partner of MCR. "Historical sites, wineries, golf courses and the Wolf
Trap Foundation for the Performing Arts make it the perfect getaway. In
August, we look forward to welcoming family members of George Mason
University's 36,000 returning students."

The SpringHill Suites Fairfax Fair Oaks is located at 11191 Waples Mill
Road and features:

  • 140 suites with work spaces, mini fridges, microwaves and coffee makers
  • Free Wi-Fi and parking
  • A complimentary hot breakfast buffet
  • A 24-hour fitness center and heated indoor pool
  • An outdoor patio with a fountain and a fire pit
  • A 24-hour business center offering free faxing, printing and copying
    services
  • Meeting space for 40 people
  • Dry cleaning and laundry service
  • Close proximity to the public Washington Metro Orange Line and the
    newly expanded Silver Line

Reserve rooms by phone at (703) 691-7880 or online at www.marriott.com.

About MCR

MCR is the seventh-largest hotel owner-operator in the country and has
invested in and developed 104 hotel properties with more than 12,000
rooms in 27 states. MCR's hotels are operated under 11 brands. The firm
has offices in New York City and Dallas. 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 2017 Top
Performer Award. For more information, please visit www.mcrinvestors.com.

About MCR Hospitality Fund LP

The MCR Hospitality Fund LP targets investments in institutional-quality
Marriott and Hilton select service and extended stay hotels throughout
the country. The fund provides MCR with approximately $1 billion in
buying power.

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