HB Exclusive: RREAF Holdings, Philip McNeill Sr. launch MXR Hospitality
HB Exclusive: RREAF Holdings, Philip McNeill Sr. launch MXR Hospitality
Adam Perkowsky, Hotel Business, 18 March, 2025
RREAF Holdings, a privately held, vertically integrated real estate investment and development firm, has formed MXR Hospitality, a strategic partnership with hospitality investor Philip McNeill Sr. The collaboration aims to develop extended-stay hotels nationwide and create a hospitality management company dedicated exclusively to the extended-stay segment.
“Our experience with third-party property management in our multifamily portfolio showed us firsthand the challenges of maintaining quality and consistency,” said Eric Watts, director, extended-stay, RREAF Holdings. “We created our in-house property management firm, RR Living, to address these challenges, and we saw similar gaps in the extended-stay sector, where these assets are often underserved. With MXR Hospitality, our goal is to bring the same commitment to operational excellence and best-in-class management to extended-stay hotels, both within our portfolio and across the industry.”
We appreciate and thank Hotel Business, especially Adam Perkowsky, for giving us the opportunity to announce the formation of MXR Hospitality. To access the full article on Hotel Business, please click here.