Market Overview

Chocoholics Rejoice: At Hershey's TownePlace Suites, You Can Bake Brownies in Your Private Kitchen after Hitting Hersheypark

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Sealed with a (Hershey's) kiss: The nation's seventh-largest hotel
owner-operator acquires the TownePlace Suites Harrisburg Hershey in
Pennsylvania

How sweet! MCR,
the seventh-largest hotel owner-operator in the United States, has
acquired the 107-room TownePlace
Suites Harrisburg Hershey
.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180816005166/en/

The TownePlace Suites Harrisburg Hershey (Photo: Business Wire)

The TownePlace Suites Harrisburg Hershey (Photo: Business Wire)

The newly-renovated hotel is a quick 10 miles from the 121-acre
Hersheypark theme park — featuring 14 roller coasters and more than 70
rides, including the highly anticipated Reese's Cupfusion, opening in
2019. At Hershey's Chocolate World, indulge in a chocolate tasting
experience and create your own custom candy bar. Make a splash at The
Boardwalk at Hersheypark, home of the Whitecap Racer, the longest mat
racing slide in the world, and the thrilling new Breakers Edge bobsled
water coaster with flying saucer turns.

Visiting the area, where the scent of chocolate wafts through the air,
is bound to cure the end-of-summer blues: Two recent studies show dark
chocolate has positive effects on mood, stress levels, memory,
inflammation and immunity. (Ward off any negative effects on the
waistline with a visit to the TownePlace Suites Harrisburg Hershey's
24-hour gym.)

Avoiding carbs? Shop until you drop instead with a visit to Tanger
Outlets, only 20 minutes from the TownePlace Suites Harrisburg Hershey,
where the nation's first and only American Girl Outlet opened in August
to much acclaim (especially with the under 10 set). Stocking discounted
and discontinued collectibles — along with Truly Me personalized dolls —
the American Girl location is sure to add to the 190 million visitors
who shopped at the Tanger center in 2017.

"People are flocking to the Harrisburg Hershey area," says Tyler Morse,
CEO and Managing Partner of MCR and MORSE Development. "The chocolate
here is out of this world — and our new TownePlace is pretty sweet too."

Located just off Interstate 83, the TownePlace
Suites Harrisburg Hershey
is 10 minutes from the landmark State
Capitol Complex, where 50 acres of government agencies and Fortune 500
companies serve Pennsylvania's 12.8 million residents.

The TownePlace
Suites Harrisburg Hershey
is located at 450 Friendship Road and
features:

  • 107 pet-friendly suites with fully-equipped kitchens
  • Free daily buffet-style breakfast
  • Free fast Wi-Fi
  • A convenience store
  • A 24-hour fitness center
  • An indoor pool and a whirlpool
  • A BBQ area
  • A business center
  • Complimentary parking
  • On-site laundry service

Reserve rooms by phone at (717) 558-0200 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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