This edition of Owner to Owner features an interview with a husband and wife duo who own and operate over 100 hotels across the United States. Tyler Morse is the founder and CEO of MCR Hotels, which primarily owns branded hotels in 27 states in the U.S., and his wife, Rebecca, is his creative partner. In addition to branded hotels, together they have also developed unique hotel properties, including The High Line Hotel, originally built as student housing for the General Theological Seminary, in Manhattan’s Chelsea neighborhood, as well as the newly opened TWA Hotel, which is housed in the old TWA terminal built by Howard Hughes at JFK Airport. In the feature interview, Tyler and Rebecca discuss leaving no detail behind in their development of the TWA Hotel, which transports its guests to the year 1962, down to the Saarinen midcentury-modern furniture, rotary phones and Tab sodas. They also cover growing and scaling the business, applying design and creativity to hotel spaces, taking advantage of multiple revenue streams in hotels and what it’s like working with a spouse, among other topics.
In addition, this issue covers a topic on which we regularly advise clients within our Center for Family Business: creating a family business governance structure for the first and second generations, written by Travis Dunn and Nick Maglio. As always, my colleagues, Thomas Martin, Grant Smith and Christine Hourihan, address the business environment on three fronts: the economy, credit markets and mergers and acquisitions and private equity markets.