Before Marriott purchased Starwood Hotels & Resorts Worldwide Inc. in 2016, Mr. Mituzas was the Area Director of Human Resources, overseeing 10 of Starwoods managed properties in the New York and New Jersey area for 16 years. Mr. Buta has more than 20 years of hospitality experience including leadership positions with hospitality companies such as Hilton Worldwide & Wyndham International in the areas of operations, food & beverage and sales and marketing in both full service and select service hotels. Mr. Farquhar received an MBA with a concentration in Finance and Investment Management from the University of Texas at Austin and a BBA in economics from the University of North Texas. Executive VP, Strategy at Suffolk Construction . Our firm, which has offices in New York City, Dallas, Chicago and Richmond, Virginia, has invested. Leah Caruso He also manages license administration and renewals, and coordination with local hotel staff on matters related to license compliance. Prior to joining MCR, Mr. Shinn was a Regional Director of Operations with Prism Hotels & Resorts. We look at fun in a competitive way: doing it better than the other guys. Regional Vice President, Sales. Prior to joining MCR in 2015, Ms. Harwell worked as Corporate Accounting Manager for Wyndham International, Senior Auditor for Whitely Penn, and Restaurant Accountant for Brinker International. Full Video: MCR CEO Tyler Morse at Skift Future of Lodging Forum 2023 Miguel Pea is Senior Director of Investment Finance for MCR. John Koss is Senior Director, Hotel Transitions, for MCR. Tyler Morse BLLA Events It was kind of an extraordinary run: it grew from being unprofitable to $17 million of EBITDA over that same period. MCR was also named one of Fast Company's Most Innovative Travel Companies of 2020. Mr. Dempsey held roles of progressing leadership responsibilities at Deloitte and KPMG Consulting. Senior Director, Special Events & Partnerships. Prior to joining MCR, Ms. Reinsch was Senior Litigation Counsel for the privately held parent company of Omni Hotels & Resorts and Golds Gyms. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. On the other hand, they already work with MCR in a way. She has held various positions, from Director of Sales, General Manager, and Regional Vice President at Island Hospitality. MCR started with a single hotel in Huntsville, Alabama, then another in Kalamazoo, Michigan, then we kept building Georgia, Kentucky, Missouri. Mr. Garson is a graduate of Lafayette College. Ms. Brown has more than 20 years of experience in the finance, real estate and hospitality industry. Mr. McDonnell received a BS in Economics/Finance and an MBA from the University of South Carolina. Ive ridden my bike from Canada to Mexico, along the Pacific Coast Highway and Highway One. Prior to joining MCR, Ms. Mariscal was a Senior Associate of Hotel Development for JLL, a publicly traded Fortune 500 real estate company. thanks to MCR's careful restoration and stewardship of this historic property, Saarinen's masterpiece has taken flight once again as the heart of the TWA Hotel . LEADERS Interview with Tyler Morse, Chief Executive Officer and Sarah Smith BBH is not affiliated with the third-party site. With a portfolio . He also held executive-level roles with Marriott International and Hyatt Regency and was the Marriott International Business Council Chair for the Tucson, Arizona, market. Prior to joining MCR, Ms. Smith was an executive assistant in commercial real estate development and property management in the Dallas Fort Worth area. MCR Hotels Careers and Employment | Indeed.com Mr. Morse serves on the Board of Directors of NYC & Company, the convention and visitor arm of New York City. We have an annual general manager conference, and we are up to 500 people attending it now. Brown Brothers Harriman & Co. (BBH) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. Ms. Robison received a Bachelor of Journalism from the University of Missouri. In this role, she is responsible for assisting with the companys acquisition, development, disposition and capital markets activities. We went from The High Line to TWA, and now she runs our creative group. And how can we best our competitors? Prior to joining MCR, Mr. Montano oversaw hotel investments and asset management at Edge Investments, a boutique investment firm. She received a BFA from Carnegie Mellon University and an MFA from Queens College/CUNY. Ms. Kilgore joined MCR in 2018 as Director of Investment Accounting for a year before transitioning to Fund Management. Ms. Hampton received a BBA in Accounting from Washington State University. Mr. Chitnis is a graduate of Cornell University. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The distribution landscape continues to change. Regional Vice President, Execution. Mr. Youssef has 35 years of hospitality experience in accounting, financial reporting, internal audits, Oracle back-office system design and implementation, due diligence, mergers and acquisitions and hotel conversions. Our company, which has offices in New York City, Dallas, Chicago and Richmond, Virginia, has a $5.0 billion portfolio of 148 independent and premium-branded hotels containing more than 22,000 guestrooms across 37 states and 106 cities, including two experiential hotels in New York City. Tyler Morse: Founder, Chief Executive Officer & Chairman: William White: Chief Financial Officer: Lisa Ross: . Taking Flight: MCR/Morse Development is transforming - HB To Go Kristen Miller Reinsch In this role, she designs print and digital assets, as well as hotel collateral. She also works with the Development and Construction teams on various projects. In this role, he is responsible for driving revenue growth, forecasting and cost controls as well as profitability improvement, guest satisfaction and team member career development. I attended Harvard for business school and, after graduating 17 years ago, moved to New York. In the feature article of this issue of Owner to Owner, we sit down with Tyler Morse, founder and CEO of MCR Hotels, and his wife and creative partner, Rebecca Morse, to discuss developing the TWA Hotel, scaling the business and working with your spouse. If you give away the rooms early at a low price, then you leave some profitability on the table. Ysabel Huerta is a Training Manager for MCR. RM: I hope our daughters pursue their own passions, whatever those may be just like my parents encouraged me to do. And now this wonderful American architectural icon is open for everyone to enjoy whether you are an overnight guest, a gym member, have a dinner reservation at Jean-Georges Paris Caf or are just wandering through. Prior to joining MCR in 2016, Mr. White was a Senior Associate in the real estate transactions group at the New York City Economic Development Corporation, where he served as project manager for a wide variety of complex public-private development projects. MCR is the 3rd largest hotel owner-operator in the United States with a $5.0 billion portfolio. Brewer served as the Dual Director of Sales for two unique Marriott properties in San Antonio, Texas. And he would know as the chairman and CEO of MCR, which employs roughly 6,000 people at 145 hotels in 37 states, including properties. From 2006 to 2011, Mr. Shattan was a Senior Manager at Starwood Hotels & Resorts, where he worked in the firms Real Estate Group. Ms. Delshad is a graduate of New York University. It was definitely unique compared to what else you had previously done. Our focus is driving value throughout our real estate portfolio, generating superior returns for our investors and providing a professional, integrity-driven, merit-based working environment for our team members. Furthermore, these positions are not intended to predict or guarantee the future performance of any currencies or markets. In this role, he is responsible for assisting with the companys acquisition, development, disposition and capital markets activities. Mr. Klein collaborates with suppliers to gain increased value from vendors and service providers. BBH sat down with Tyler and Rebecca Morse to discuss their latest passion project: the TWA Hotel. In this role, he oversees the technology and digital presence of MCR and its hotels across the country, including the 60-room The High Line Hotel in Manhattans Chelsea neighborhood and the 512-room TWA Hotel at New Yorks John F. Kennedy International Airport. Flying High: A Conversation with Tyler and Rebecca Morse, Owners of MCR And our holiday tree lighting in December is a must-do whether to see our spectacular evergreen aglow or to enjoy a couple hot toddies! BBH: Rebecca, you worked with Tyler on The High Line Hotel. Joe Delli Santi is Chief Investment Officer of MCR. Jamie Bradshaw is a Director, Acquisitions & Development, for MCR. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. Ms. Teeters also spent six years with Marriott International, starting as a Front Desk Agent and working her way up to Senior Sales Manager supporting full and select service hotels in the Western Mountain Pacific sales office. Shiji Group and MCR Announce Agreement on the $46 Million Purchase of Ms. Smith began her career at MCR in 2017 supporting the investment accounting team. There is no guarantee that any investment objectives, expectations, targets described in this website or the performance or profitability of any investment will be achieved. He also has General Manager experience in both full service and select service hotels. Prior to joining MCR, Mr. Homsher worked on the underwriting and asset management teams for Invesco Real Estate, focusing on the central region. Prior to joining MCR, Mr. Koss held positions such as as Area VP of Operations, Regional Director of Operations and Corporate Training Manager with Reliance Hotel Group, Expotel Hospitality, LBA Hospitality and Davidson Hotels. Led by founder Tyler Morse, MCR is the fifth-largest hotel owner-operator in the United States. TM: I would say its partly design the creativity behind the building. REPORT FROM NEW YORKTyler Morse, CEO and managing partner of MCR Development, is a big believer in taking a micro investment approach to his business. Times Square Sheraton trades to MCR for $356M - The Real Deal New York In this role, Mr. Sparacino oversees sales, catering and revenue management for MCRs full-service hotels in New York City, including the 60-room The High Line Hotel in Manhattans Chelsea neighborhood and the 512-room TWA Hotel at New Yorks John F. Kennedy International Airport. That's the word that Tyler Morse used to describe it. Mr. White is a graduate of Harvard University. Before going in-house, Ms. Reinsch practiced complex commercial litigation for 12 years at several highly regarded litigation boutiques in Texas. Prior to joining MCR, Mr. Bradshaw was an associate at Starwood Capital Group, where he was responsible for managing the firms investments in the full and limited service hotel sectors. Senior Manager of Online Imagery. Prior to joining MCR in 2013, Mr. Kucera was the President/COO of Presidian Hotels & Resorts, a hotel development and Management company, for four years. Before joining the team, Ms. Byron was a Visual Designer at Cond Nast. In this role Mr. Mituzas oversees labor-related employment matters for MCRs hotels across the country. BBH: How do you spend your time and think about leadership? Its easier for someone young to grasp there are rooms to be cleaned, suitcases to be carried, coffees to be made, cars to be parked. MCR Investors Company Profile: Valuation & Investors | PitchBook Regional Vice President, Sales. Will Garson Tyler Morse - Skift Live Rebecca Morse: Tyler and I graduated from Harvard the same year he from the business school and I from the college. A graduate of Washington University School of Law (J.D. MCR is based in New York City and Dallas and owns 92 premium-branded hotels containing 15,000 guestrooms, including the TWA Hotel at JFK International Airport, which opened in 2019 and utilizes. Carey. Morse, who is CEO of MCRone of the largest owner/operators in the U.S. lodging . We have around 5,000 employees and do business in 27 different states. Mr. Kucera received a BS in Hospitality Management from The Ohio State University. Cecilia Mariscal is a Senior Associate, Acquisitions & Development, for MCR. I think its difficult for children to conceptualize spreadsheets being manipulated on a computer or emails being typed on an iPhone. Shannon Keaney is Regional Vice President, New York Execution, for MCR. TM: We have some other projects up our sleeves! He is a Graduate of Iowa State University with a degree in Hotel, Restaurant and Institution Management. Prior to Starwood, he began his career as an Analyst at CNL Hotels & Resorts, a hotel REIT that was based in Orlando, FL. The year was 1962. He studied Business Administration at East Stroudsburg University. Prior to joining MCR, she held key leadership positions such as General Manager, Dual General Manager and Regional Vice President at Island Hospitality, Drury Hotels, Benchmark Hospitality and Marriott International. Miles served as Director of IT Applications and Systems for the highly anticipated Equinox Hotels brand where he developed and executed an innovative and forward-thinking technology strategy, differentiating the brand within the luxury lifestyle space. Mr. Shinn has 10 years of restaurant experience, including fine dining, gourmet delicatessen and Starbucks. Eileen Corrigan Mr. Tobin is a graduate of Cornell University. Previously she worked for Princess Cruises where she was brought in to help redesign the HR support model for over 60,000 ship and shore-based employees. Prior to joining MCR, Mr. Bartschi was a sales leader at a Hilton property managed by GF Management for 10 years. Michael Buta is a Vice President of Execution for MCR. Mr. Kim received a BA in Economics from The University of Texas at Austin and an MBA in Finance from Southern Methodist University. Shane Norton We have the most unbelievable people at MCR from the property teams to the corporate staff. Tyler Morse - FP&A and Team Lead Consultant - Carey & Co | LinkedIn In this role, Mr. Timms leads a team of managers who provide accounting support for MCRs large multi-hotel portfolio of limited and full-service hotels. Previously, Ms. Moore held an operations role with Fort Wood Hotels. Ms. Ross received an MS in Management and Administrative Sciences from the University of Texas at Dallas and a BBA from Baylor University. I hope they feel like that to all visitors. She has also consulted for Hearst Magazines, where she helped conceptualize and launch a high-end travel publication. Senior Director of Investment Reporting and Communications. He has also held sales roles with Marriott and IHG managed properties. Ms. Moore began her career at MCR in 2013 as a Front Desk Agent and worked her way up to General Manager in the Midland Odessa market. I didnt know anything about bath and beauty products, but I jumped in and grew the business from $30 million in sales to $110 million in sales over a three-and-a-half-year period. Wed find a good investment, call up some friends and family and capitalize the equity and then get a bank loan. Michaela Johnson Additionally, she provides leadership support as well as training and development. ), and the University of Missouri (B.J. Mr. She received her BBA in Management from Texas Tech University. Jeremy Tobin Mr. Dempsey is a graduate of University of Texas at Arlington and is a Certified Public Accountant in Texas and a Certified Internal Auditor. The day before we closed, Barry Sternlicht suggested I run the business. Miguel Pea Mr. Koss holds degrees in Hospitality Management and Culinary Arts from the Pennsylvania Institute of Culinary Arts. A significant portion of her career was served at Farmers Insurance leading various HR teams, to build and implement an HR service model in support of over 20,000 US-based employees. In this role, she oversees the creative teams designs, working with vendors, preparing files for production, organizing timelines and maintaining schedules. Mr. Cassidy earned his BA from the City University of New York College of Staten Island. Her primary responsibilities included achieving and exceeding top line revenue and market share growth, as well as strategic positioning within the sales process. Certain BBH products or services may not be available in certain jurisdictions. Alon brings to MCR over 15 years of experience and expertise in Budgeting and Forecasting, Standardization and Automation, and Large-Scale Strategic Projects and Systems Implementations. Did you create a fund? MCR Development CEO Targets Micro Investment - CoStar By selecting this link, you are leaving Brown Brothers Harriman & Co. internet website. from the University of Michigan. In this role, she is responsible for the accounting and reporting of the hotel ownership entities. Prior to joining MCR, Mr. Egert worked at LoanCore Capital, a Greenwich-based private equity firm, and Newmark, one of the worlds largest commercial real estate advisors. Benjamin Laster BBH: What the biggest risk youve ever taken at MCR? Alyson Jett Youve got to play that risk analysis game. Michael Youssef is VP, Centralized Accounting, for MCR. The High Line Hotel was a former Episcopalian Seminary, turned former priest housing, which we transformed into a hotel. Wendy Robison is VP, Creative, for MCR. Raechel Teeters Senior Director, New York Execution. He was admitted to the bars of New York and New Jersey. Before joining MCR, Ms. Bajzek honed her corporate legal expertise with several Chicago law firms and the in-house legal departments of Kraft Foods and Sears Holdings. No detail was spared by Tyler and Rebecca Morse of MCR Hotels in the development and creation of the hotel, down to the Saarinen mid-century modern furniture, TWA travel poster prints by David Klein, hotel uniforms by famed designer Stan Herman who designed TWA flight attendant uniforms in the 1970s rotary phones and Tab sodas that can be found throughout the property. But what Im most proud of is the vibe of The High Line Hotel. Prior to joining MCR, Ms. Kilgore was the Real Estate Controller for Behringer Harvards Opportunity Funds, and she began her career as an auditor of PwC. Prior to joining MCR, Ms. Sinclair most recently served as the Chief Human Resources Officer for a start-up specializing in digital financial services for the gig economy. BBH: You touched on this when you said that only 15% of hotels are well run. BBH: You mentioned TWA. In this role, she oversees all photography and digital assets for MCRs large portfolio of branded hotels. Mr. Montano is a graduate of Northeastern University and received his Masters in Real Estate Development from Columbia University. Shane Norton is Director of Investor Relations for MCR. Tyler Morse | CEO of MCR Hotels - Terra Search Partners Tyler successfully lead a challenging Faculty Search for the Operations Research and Statistics group. In that role, he was responsible for the execution of the firms growth-related initiatives, the disposition of non-core assets and various other functions. Mr. Spilich also has General Manager experience in both full service and select service hotels, as well as task force experience with multiple Hilton and Marriott brands. Prior to joining MCR, Ms. Brown served as the primary investor relations contact for several publicly traded real estate companies, including Service Properties Trust, Redwood Trust and W.P. Larry Lindsey is VP, Talent Acquisition, for MCR. Ms. Tyler Morse: I grew up in L.A. and went to college at UC Berkeley. The first year we hosted an Easter egg hunt, I stayed up all night assembling paper Easter egg lanterns, and Tyler and I hung them from the trees in the front yard while our older daughter slept in her stroller. Daeho Kim is VP, Corporate Treasurer, of MCR. Ms. Sheehy also enjoys philanthropic endeavors and volunteering, and led the corporate giving program for Kronos Inc. She has also worked on the sell side in business development and account management at a corporate travel management firm. BBH: What about your passion for hotels? Mr. Morse earned his CPA at Ernst & Young LLP and worked as an investment banker at Morgan Stanley in its Financial Sponsors and Mergers and Acquisitions Group. I love walking through the lobby and seeing locals, couples, tourists, babies, dogs, grandparents its as eclectic and welcoming as New York City itself. Mar 2017. He also supports tactical planning, project assignments and execution of sales, marketing and e-commerce distribution. We centralize that and then push it out to our individual hotels. Dan Sparacino Leading up to founding MCR 14 years ago, I worked in a variety of different jobs. Prior to joining MCR, Mr. Floyd was a Director of Investments for Peachtree Hotel Group, a hotel private equity firm based in Atlanta focused on equity and debt investments. Sarah Sheehy is VP, Category Management, for MCR. During his tenure at Reliance Hotel Group and Expotel Hospitality, Mr. Koss oversaw hotel acquisitions and transitions. Mr. Meister has a masters degree in Real Estate Finance from New York University and a bachelors degree from Florida State University. West Side Story won the Academy Award for Best Picture. Mr. Klein has more than 20 years of experience in the hospitality industry, including senior management positions with various restaurant and hotel groups. Mr. Mituzas has 35 years of human resources, labor relations and hotel operations experience. Would you encourage them to work with you at some point? I wouldnt want to push them into this if they were not passionate about it. In this role, he is responsible for driving activities related to planning, financial modeling, reporting and variance analysis, and performance measurement. What can we do with this hotel better than the people we are running it for? Ms. Ross has 35 years of experience with accounting, financial reporting and investor reporting for private equity and public commercial real estate investment funds. He was a ski instructor at Squaw Valley USA in Lake Tahoe and at Terms de Chilln in Chile. He also worked as a busboy at the Hard Rock Caf in Honolulu, Hawaii, and as a car valet at The Cheesecake Factory in Redondo Beach, California. Lisa Kilgore is Director of Fund Management for MCR. Im also passionate about staying active. Prior to joining MCR, he was Director of Food and Beverage for the Georgia Theatre Company and its subsidiary Mellow Mushroom restaurant operations. Ms. Carter served as the 104th ASG S1 Army Hotel Billeting, Director of Marketing and MWR programs. In this role, he is responsible for assisting with the companys capital markets and financing activities. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (BBH) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. Read More You can browse through all 488 jobs MCR Hotels has to offer Full-time HOUSEKEEPER Dunn, NC Easily apply 25 days ago View job LAUNDRY ATTENDANT Warwick, RI Easily apply 5 days ago View job Michaela Johnson is Sourcing Analyst Supervisor for MCR. TM: I love what I do; Rebecca loves what she does; and I think thats the most important thing. . He also worked as a training consultant for IHG and as a General Manager for Drury Hotels. Talk about how you identified the opportunity and the development of the hotel. Director of Procurement Operations and Accounts Payable. David Meister is an Associate, Acquisitions & Development, for MCR. He also supported the development of two marquee New York City hotel projects: the 60-room The High Line Hotel in Manhattans Chelsea neighborhood and the 512-room TWA Hotel at John F. Kennedy International Airport. Senior Associate, Acquisitions & Development. Ms. Corrigan is a hospitality professional with more than 20 years of experience in roles including sales, training, revenue management and general management for full service and extended stay hotels. Jaimee Zanzinger is SVP, Creative, of MCR. Tyler Morse Industry Hotels & Resorts Headquarters 1503 Lyndon B Johnson Fwy. In this role, he oversees operations of half of MCRs hotels across the country. Prior to joining MCR, Mr. Meister was an Associate with Leyton Properties, a residential developer focused on projects in the New York metropolitan area, and a Senior Financial Analyst with Marcus & Millichap. Photo: Max Touhey BBH: What would you say is your biggest success and your biggest challenge as CEO? Team | MCR Hotels Kevin Klein is Vice President, Food and Beverage, of MCR. We look at fun in a competitive way: doing it better than the other guys. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. Becky Byron is the Art Director for MCR. "I stayed in a fleabag rat trap for $2.50 a night," Mr. Morse, now 40, told Commercial Observer. He is a graduate of Cornells School of Hotel Administration and has been a guest lecturer for real estate and hospitality classes at Cornell and New York University. PB-04748-2021-07-29. Prior to MCR, Ms. Kers hospitality career included 15 years with Marriott International as a Revenue Director overseeing resorts and full service hotels. Prior to joining MCR, Mr.Messinas career included a decade with Loews Hotels & Co., where he most recently served as the Senior Director of eCommerce & Performance Marketing. Employee Benefit Funds. Mr. Farquhar is a CFA charter holder. Senior Associate, Acquisitions & Development. In this role, he is responsible for assisting with the companys acquisition, development, disposition and capital market activities. It is a concept that is important to us and which we have endeavored to showour daughters. In this role, she is responsible for implementing strategic sales plans to increase revenue and market share penetration within her region. Its in the blood. BBH: Tell me about how you and Rebecca became creative partners. Its about differentiating. ), Ms. Reinsch lives in Dallas with her husband and four children. Mr. Palm has more than 20 years of experience in finance and procurement with a focus on operational excellence. I bought and sold a lot of hotels and a couple of office buildings. Courtney Brewer is a Regional Vice President, Sales, for MCR. The hotel business is very dynamic. The positions expressed in this material are those of the author and may or may not be consistent with the views of Brown Brothers Harriman & Co. and its subsidiaries and affiliates ("BBH") and are intended for informational purposes only. Prior to joining MCR, Ms. Delshad was a Relationship Manager in Wells Fargos Hospitality Finance Group, where she covered public and private hotel investors from a lending standpoint both on the property level and corporate side. In this role, Ms. Smith is responsible for tracking company initiatives and brand compliance across the portfolio. Nicholas Thiele is a Regional Vice President, Sales, for MCR. She provides leadership, support and training to the hotel teams in her region. MCR Hotels has adopted a new pricing structure which will lower room prices but charge customers for other items like pool access and early check-in. Mr. Homsher received a BA in Construction Science with a concentration in Real Estate Finance from the University of Oklahoma. Hampton, NH. Michael Rosen is a Vice President of Execution for MCR. Prior to joining the team, she worked on creative campaigns as a copywriter at Oura Ring, and copy across all digital platforms for J.Crew. Kristin Brown is Senior Director of Investor Relations for MCR. Tyler Morse is Chairman and CEO of MCR, which comprises three discretionary funds and is the 4th largest hotel owner-operator in the United States.