MCR Acquires Canopy By Hilton SouthPark Hotel In Charlotte From Tara Investments For $42.5M

The upscale Canopy by Hilton SouthPark hotel in Charlotte, North Carolina has been acquired by MCR, a hospitality company, from Tara Investments for a total of $42.5 million.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $42,500,000
• Date: 09/13/2023
• Address: 4905 Barclay Downs Drive - Canopy by Hilton SouthPark
• Market: Charlotte, NC
• Buyer: Joe Delli Santi - MCR
• Seller: Tara Investments

MCR, a well-known hospitality company, has successfully acquired the upscale Canopy by Hilton SouthPark hotel in Charlotte, North Carolina. The purchase was made from Tara Investments. The deal was finalized for a total of $42.5 million. This acquisition presents a significant opportunity for MCR to expand its presence in the hospitality industry and further strengthen its portfolio.