BBH: What are the dynamics of working with a spouse like? Additionally, she provides leadership support as well as training and development. Regional Vice President, Sales. She also served as a consultant to Lionstone Investments. We have each others backs. Prior to joining MCR, Mr. Farquhar was the Director of Corporate Finance & Strategy for the Ashford groups publicly traded hospitality REITs. In this role, she oversees branding, content, PR and marketing for MCR and its independent full-service 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. In this role, he is responsible for driving activities related to planning, financial modeling, reporting and variance analysis, and performance measurement. Crystal Baker is SVP, Infrastructure Process and Design, for MCR. Previously, Mr. Kim spent more than 12 years at Pillar Income Asset Management, a commercial real estate investment firm with more than $3 billion of assets under management, most recently serving as Vice President & Treasurer overseeing its treasury functions, including three publicly traded entities. In her role, Gina administers MCRs comprehensive insurance program and assists with the procurement of coverage and risk analysis for MCRs hotel, development and investment operations. She has 20 years of accounting experience 12 of which have been in the commercial real estate investment industry. She received her BBA in Management from Texas Tech University. Joe Coursolle Tyler Morse Industry Hotels & Resorts Headquarters 1503 Lyndon B Johnson Fwy. Mr. Palm received a BS in Management from Boston University. He serves on the advisory board of New York Universitys Tisch Center of Hospitality and on the Policy Advisory Board for the Fisher Center for Real Estate and Urban Economics at the University of California, Berkeley, Haas School of Business. The day before we closed, Barry Sternlicht suggested I run the business. Its incredibly cool of course. 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. Prior to joining MCR, Ms. Regenscheid held positions in asset management, consulting and project leasing. Mr. Shinn has 10 years of restaurant experience, including fine dining, gourmet delicatessen and Starbucks. In this role, Mr. Norton is responsible for managing MCRs investor portal and customer relationship management systems, overseeing investor audit and due diligence requests and supporting investor relationships and communications. Previously he was the Assistant to the Chairman and CEO of Starwood Hotels & Resorts, Barry Sternlicht, and was involved with Starwood's overall corporate investment and development initiatives. With $5 billion of assets under management, MCR owns and operates 149 hotels (over 21,000 guestrooms) across 37 states and has developed landmark properties such as the TWA Hotel at JFK Airport. Its fun to outperform the competitors. Employee Benefit Funds, Mr. Cassidy instructed eligible NYHTC members in the art of banquet service and administered certification exams. Mr. Dempsey has successfully performed as Chief Audit Executive for multiple companies. Prior to joining MCR, Mr. Addeo was a Senior Analyst with Broadshore Capital Partners Special Situations Debt Group and a CMBS Analyst with Rialto Capital Advisors. In this role, Mr. Youssef oversees the accounting functions for the hotels in MCRs portfolio as well as the corporate support team. But what Im most proud of is the vibe of The High Line Hotel. Courtney Moore is a Training Manager for MCR. He serves as a Trustee on the board of Prep for Prep. Senior Associate, Acquisitions & Development. He has more than 20 years of hospitality industry experience, specializing in hotel operations, training and development, project management, customer experience strategy and brand analytics. In Pompano Beach, MCR developed a Residence Inn by Marriott with 112 rooms in 2015 that the firm still owns, records show. We have about 15 people in the group, and they do a terrific job. RM: I remember walking through the TWA Flight Center right after MCR won the deal. Prior to joining MCR, Mr. In this role, she is responsible for overseeing the day to day operations of several Hilton and Marriott branded hotels in Texas. Leading up to founding MCR 14 years ago, I worked in a variety of different jobs. Mr. Morse graduated from the University of California, Berkeley, and Harvard Business School. BBH: You have two relatively young kids. It has been thrilling to see our annual Halloween dog costume parade grow from a quirky neighborhood tradition to an event attended by hundreds of people and their pets. Hotel owner-operator. In these positions, he was responsible for the underwriting of new investment opportunities and strategies as well as assisting with the development, construction and management of assets. Trey Tschoepe is Chief Administrative Officer of MCR. BBH: What would you say is your biggest success and your biggest challenge as CEO? Prior to joining MCR in 2022, Mr. Tschoepe was Chief Human Resource Officer and General Counsel at OSG USA, where he led the workforce and legal initiatives for the company. In all, we dealt with 22 government agencies and 176 national consulting firms. Information contained herin is based upon various sources believed to be reliable and are subject to change without notice. People want to have fun when they come to work. Lisa Kilgore is Director of Fund Management for MCR. In this role, he is responsible for assisting with the companys acquisition, development, disposition and capital market activities. He also served as Vice President of Corporate Development for TMI Hospitality, one of the countrys largest hotel owner-operators with a portfolio of more than 180 select service and extended stay properties that Starwood Capital Group acquired in January 2015. Its about differentiating. She has extensive extended stay and multi-family knowledge. MIT Sloan School of Management. Mr. Lindsey received a Bachelor of Business Administration from The University of Missouri. Kelley McCoy Mr. Foster is a graduate of the University of Richmond. I subscribe to the European hotel model, where hotels are meeting places for communities. She has held various positions, from Director of Sales, General Manager, and Regional Vice President at Island Hospitality. In this role, he oversees the daily operations and sales execution in multiple hotels throughout the southwest. Michael Buta is a Vice President of Execution for MCR. Director of Strategic Initiatives. He is also licensed to practice law in the state of Texas. She has also appeared as a lifestyle expert on television programs including NBCsTodayshow, ABCsGood Morning Americaand CBSsThe Early Show. Stacy Harwell is Director of Investment Accounting for MCR. 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. Shes written for the 700,000-plus subscribers of the American Express Travel newsletter, contributed profiles and articles to Entertainment Weekly and Good Housekeeping, helped launch digital content for Audible and Bloomberg Philanthropies, and worked for The Corcoran Groups Franchise Brand Marketing team. I attended Harvard for business school and, after graduating 17 years ago, moved to New York. Previously, Mr. McDonnell served as the Director of Finance at the Marriott Hotel and Golf Club in Fort Worth, Texas, and Director of Enterprise Applications and Regional Controller for Highgate Hotels. Prior to joining MCR, Mr. Pea was an Assistant Controller for a Private Equity Fund Administration services firm and a Senior Fund Accountant for Goldman Sachs Real Estate Funds with capital commitments totaling over approximately $10 Billion. She provides leadership, support and training to the hotel teams in her region. To me, they all feel like family. Regional Vice President, Sales. Senior Associate, Development Operations. TM: We have about 200 people above property and about 4,800 people who work in the hotels. Rick Hibbs is Director of Licensing for MCR. Im also passionate about staying active. Jeremy Tobin Mr. Logan represented MCR as outside counsel while at Latham & Watkins LLP and has advised on nearly every significant acquisition and development project the company has undertaken since 2013. Tyler Morse, MCR Hotels Chairman & CEO, joins Yahoo Finance to discuss MCR Hotels experimenting with a la carte pricing for services and amenities and outlook for on the travel industry. 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. He has more than 25 years of hospitality experience and has held a variety of management positions with ITT Sheraton, Starwood and Marriott. MCR was also named one of Fast Company's Most Innovative Travel Companies of 2020. Previously, he served as a project manager at the Witkoff Group and Washington D.C. Management. In this role, Ms. Jett provides strategic and tactical support to her region and is responsible for sales leadership and revenue generation. In this role he oversees the strategy and execution of MCRs talent attraction and engagement model. Alon Ginzburg is Director of Strategic Finance and Analytics for MCR. 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. RM: I hope our daughters pursue their own passions, whatever those may be just like my parents encouraged me to do. Mr. Kim received a BA in Economics from The University of Texas at Austin and an MBA in Finance from Southern Methodist University. Mr. Bartschi began his hotel sales career in 2000 with Growth Properties. Ashlin Delshad In these positions she was responsible for all aspects of accounting and financial reporting for private and public investment funds, joint ventures and REITs. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Prior to joining MCR, Ms. Mariscal was a Senior Associate of Hotel Development for JLL, a publicly traded Fortune 500 real estate company. She serves on the Board of Trustees of the Juilliard School. She received a BFA from Carnegie Mellon University and an MFA from Queens College/CUNY. Did you create a fund? Since joining MCR in 2011, Mr. Shattan has worked on all of our investments, including asset purchases, development projects, financings, fund-raising and investment sales. In this role, she is responsible for providing revenue management and eCommerce support through the use of creative strategies, analysis of pricing, trends, performance and effective inventory management that focuses on revenue growth and profit. Courtney Brewer The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. Karlie Hamilton is VP, Infrastructure and Process Design, for MCR. Mr. Cassidy earned his BA from the City University of New York College of Staten Island. Associate, Acquisitions & Development. Mr. Egert is a graduate of The George Washington University and the Benjamin N. Cardozo School of Law. Ms. Robison received a Bachelor of Journalism from the University of Missouri. The content contained herein is current as of the date of issuance and is subject to change without notice. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. But what makes us so unique is our executives singular ability to disrupt the industry norms to find better, smarter solutions that reinvent the way we do business. In this role, Ms. Brown is responsible for managing MCRs investor relationships and communications, as well as supporting MCRs fundraising and capital formation efforts. 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. Previously, Ms. Brown was an equity analyst in the REIT space with KBW and Deutsche Bank. Mr. 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. In this role, he is responsible for driving revenue, profitability, guest satisfaction and associate development for MCRs full-service hotels, including the 1,050-room The New Yorker Hotel and the 1,780-room Sheraton New York Times Square. Jamie Bradshaw is a Director, Acquisitions & Development, for MCR. In this role, he is responsible for MCRs debt capital markets activities, including new loan originations, refinancings, on-going management of the firms debt portfolio, monitoring financial markets, and managing lender relationships. Eileen Corrigan is a Regional Vice President, Execution, for MCR. While working with Moody National Companies, he earned many accolades, including General Manager of the year in 2017 and 2019. TM: Yes, it was. In this role, he is responsible for assisting with the companys capital markets and financing activities. Persons in respect of whom such prohibitions apply must not access the website. Morse, who is CEO of MCRone of the largest owner/operators in the U.S. lodging . Associate, Acquisitions & Development. Tom Mituzas is VP, Labor Relations, for MCR. Our firm, which has offices in New York City, Dallas, Chicago and Richmond, Virginia, has invested. Charlie Floyd 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. Employee Benefit Funds. 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. In that role, Ms. Reinsch managed a significant litigation docket across the operating companies and advised their executive business teams on legal and operational issues. Regional Vice President, Sales. Will Garson is a Director, Acquisitions & Development, for MCR. John Koss is Senior Director, Hotel Transitions, for MCR. People want to have fun when they come to work. All trademarks and service marks included are the property of BBH or their respective owners. John F. Kennedy was president. How do you think about investing in new properties? Director, Acquisitions & Development. Jamie Bradshaw Previously, Mr. Bradshaw was an analyst at Pebblebrook Hotel Trust on the corporate finance team. Colleen Ker joined MCR in 2009 and is SVP, Revenue Management, of MCR. Matt and Tyler talk broadly about the dynamics of today's hotel business, which Tyler said is now driven largely by the large chain reward programs. 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. Previously, she contributed to InStyle magazine, NBC News and Teen Vogue, among others, as a freelance writer. Shannon holds a BS in Finance from The University of Texas at Dallas and a Texas real estate license. The metric lets you assess daily performance and informs how we can create an exceptional guest experience so they keep coming back. Previously, she was the Director of Marketing & Special Events for Kate Spade & Company, where she served as the brand director for Tim Gunn, Chief Creative Officer and former Project Runway mentor. BBH: You mentioned TWA. Eric Regits is a Regional Vice President, Execution, for MCR. My favorite Friday night activity is sitting in The Sunken Lounge watching how delighted people are with the hotel whether twisting in the Twister Room, browsing at the TWA Shop or taking in the interactive museum exhibits and custom Solari Board messages. There are different languages being spoken, families visiting, novels being written on laptops, meetings taking place there are always a lot of great stories unfolding in The High Line Hotel lobby. 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. Mr. Farquhar is a CFA charter holder. For the TWA Hotel, we won the Development of the Year (Full Service) Award at The Americas Lodging Investment Summit (ALIS), the Urban Land Institute New York Excellence in Hotel Development Award and the American Institute of Architects national Architecture Award, the highest honor given by the AIA. She also provides leadership, training and development support. Kimberly Sawyer is the Senior Manager of Online Imagery for MCR. Mr. Youssef received a BS in Purchasing & Material Management and an accounting degree from the University of Houston. Read More Regional Vice President, Sales. We have around 5,000 employees and do business in 27 different states. Regional Vice President, Sales. Previously, she spent 11 years with Wyndham. We are committed to developing and supporting the community through various organizations and education partners, including the Partnership for New York City, the American Hotel & Lodging Association (AH&LA) and the National Association of Real Estate Investment Trusts (NAREIT). 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. Prior to founding MCR in 2006, Mr. Morse was the President of Bliss, the upscale spa and beauty products company. In this role, she is responsible for assisting with the companys acquisition, development, disposition and capital markets activities. Mr. Garson is a graduate of Lafayette College. In this role, he is responsible for driving revenue, profitability, guest satisfaction and associate development for MCRs New York hotels. Prior to joining MCR, Mr. Hibbs was a consultant at a firm that provided licensing services in all 50 states. Brown Brothers Harriman & Co. is not responsible for the content within this linked site and no endorsement of their content is implied. At 19 years old, Mr. Morse traveled to Chile to be a ski instructor at Termas de Chilln Ski & Spa Resort. 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. Prior to joining MCR, Mr. McDonnell was VP of Property Accounting at Remington Hotels, where he was responsible for managing the accounting teams for 22 full-service properties. He lives in Long Island City, Queens, where he volunteers his time as an active member of the local community board and civic association. Mr. Dempsey is a graduate of University of Texas at Arlington and is a Certified Public Accountant in Texas and a Certified Internal Auditor. 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. Ive done five marathons and have done the Escape from Alcatraz Triathlon three times. Since then, through a series of development projects and acquisitions, we have grown to become the 3rd largest hotel owner-operator in the United States. Senior Director of Investor Relations. Ms. Harwell received a Bachelor of Accountancy from the University of Oklahoma. 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. Previously, he spent more than 25 years as an architect in workplace strategy and corporate interiors. A huge part of how you differentiate your hotel company is culture. In this role, he leads the legal aspects of MCRs business. Previously, her career included Area Director of Sales roles for The Briad Group, as well as sales positions with Buffalo Lodging Associates, Lodgeworks Corp. and Waterford Hotel Group. Alyson Jett is a Regional Vice President, Sales, for MCR. Regional Vice President, Sales. MCR started with a single hotel in Huntsville, Alabama, then another in Kalamazoo, Michigan, then we kept building Georgia, Kentucky, Missouri. Nathan Logan is General Counsel of MCR. We are almost finished deploying the fund. MCR is the 3rd largest hotel owner-operator in the United States with a $5.0 billion portfolio. In this role, he is responsible for overseeing the compliance and reporting of MCRs fund investments, while also assisting with the companys finance and investor relations efforts. Previously, Ms. Moore held an operations role with Fort Wood Hotels. TM: I would say its partly design the creativity behind the building. Mr. Bradshaw is a graduate of Cornell University. TM: After graduating from Harvard, I worked for Starwood Hotels and was Chairman and CEO Barry Sternlichts right hand guy. This week's podcast guest is Tyler Morse, CEO of MCR Hotels, the 3rd largest owner-operator of hotels in the U.S, and the developer of the award winning TWA Hotel at JFK. Prior to joining MCR, Mr. Mituzas served as the Labor Relations Market Leader for Marriott Hotels in the New York City area. We are lucky. Tyler Morse, founder and CEO of MCR Development. Training & Development Analyst. View the profiles of professionals named "Tyler Morse" on LinkedIn. Ms. Ross has 35 years of experience with accounting, financial reporting and investor reporting for private equity and public commercial real estate investment funds. Ms. Hampton received a BBA in Accounting from Washington State University. Mr. Farquhar has 22 years of experience across finance, investing and the hospitality industry. BBH: Rebecca, you worked with Tyler on The High Line Hotel. This included training and development of GM, DOS and support staff to secure success within the region. Ms. Johnson is responsible for reporting and analysis of procurement activities and supplier spend, leads a team of buyers responsible for subscription and transactional purchases and oversees the purchase order process in MCRs source to pay platform. 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. Previously, she wrote digital and print content for Macys and contributed to Popsugars beauty, fashion and lifestyle verticals. Mr. Homsher received a BA in Construction Science with a concentration in Real Estate Finance from the University of Oklahoma. Jeff Dempsey is VP, Compliance and Internal Audit, for MCR. We say, happy employees lead to happy guests. The happiness gets passed through, so if the team is happy, then the guests are happy. 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! John Koss In this role, he is responsible for assisting with the companys acquisition, development, disposition and capital markets activities. MCR/Morse Development CEO/Managing Partner Tyler Morse and New York State Governor Andrew Cuomo (center, left and right) dig in along with other dignitaries and executives during last December's groundbreaking for the TWA Hotel at John F. Kennedy International Airport. Stacy Harwell Leading up to founding MCR 14 years ago, I worked in a variety of different jobs. When you see yourself winning, thats fun. Director of Investor Relations. Previously, he was a General Manager. Cecilia Mariscal is a Senior Associate, Acquisitions & Development, for MCR. Mr. Dempsey held roles of progressing leadership responsibilities at Deloitte and KPMG Consulting. 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. Kevin Klein This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. Mr. Mituzas received a BA in Psychology from Hunter College, CUNY, and an MS in Counseling & Human Resource Development from Bridgeport University. Litigated insurance defense and subrogation, personal injury, contract disputes, UCC claims, landlord and tenant, construction, labor and . A huge part of how you differentiate your hotel company is culture. I worked as a writer for interior design and architecture publications, eventually becoming an editor-in-chief. I love walking through the lobby and seeing locals, couples, tourists, babies, dogs, grandparents its as eclectic and welcoming as New York City itself. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented.
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