Full Video: MCR CEO Tyler Morse at Skift Future of Lodging Forum 2023
Photo Caption: Tyler Morse is the chairman and CEO of MCR. He spoke at Skift's Future of Lodging Conference in London on March 29, 2023. Source: Skift. Russell Harper
Skift Take
Airport hotels can become lively attractions in their own right. Hotels can sell five-hour stays as easily as 24-hour stays. Not every hotel has to be sold via online travel agencies, MCR Hotels CEO Tyler Morse said.
Tyler Morse, Chairman and CEO of MCR Hotels, revealed that his company had acquired about 70 hotels and two software companies during the pandemic when he spoke at the Skift Future of Lodging Forum.
Morse expects more good hotel investment deals to emerge because he predicts interest rates will decrease again because of potential banking contagion. MCR is set to close on four hotels this week and has 12 more in the pipeline.
In the discussion with Skift founder and CEO Rafat Ali March 29, Morse said he owns 150 hotels in 37 states and operates under 17 different brands, including the iconic TWA Hotel at JFK Terminal 5. That makes MCR the third-largest hotel owner in the U.S., Morse said. Morse also discussed why he's a fan of airport hotels and why Residence Inn is one of his favorite brands. (You can watch a full video and read a transcript below.)
MCR has also invested in hotel technology to improve the industry's software systems, which Morse
