The 111-room hotel was owned by Keystone Lodging Enterprises LP.
The hotel, known as the Hilton Garden Inn Allentown West, 230 Sycamore Road, is near the intersection of Interstate 78 and Route 100, near many of the region’s manufacturing and distribution centers such as Samuel Adams, Volvo Mack Trucks and Amazon.
The property includes an indoor pool, fitness center and meeting space.
“The Lehigh Valley area is just a booming local economy with great manufacturing and businesses. We don’t see it slowing down there. You have Amazon, Mack Truck, Air Products,” said Joe Delli Santi, vice president of acquisition and development at MCR.
“It’s a great market and we saw this as a good opportunity and a good price to get back into it. We’re happy to be back in the Lehigh Valley.”
MCR has invested, acquired or developed 96 hotels over the past 10 years, most of them Marriotts or Hiltons.
In June, MCR sold two Homewood Suites by Hilton in Upper Macungie and Bethlehem, part of a $407 million deal with American Hotel Income Properties REIT LP of Canada.
Tyler Morse, CEO and managing partner of MCR, said in a statement that the Hilton Garden Inn was well positioned “to generate positive returns for our investors” given the area’s strong business climate and continued investment from major corporations.