News & Press

As featured in "Hotel Business"
Adam Perkowsky, April 2026

Great partnerships often begin in unexpected ways. For MXR Hospitality—a new, fully integrated hotel management and development company dedicated exclusively to the extended-stay sector—the origin story involves two industry veterans, a pair of boats and a lake.

Eric Watts, now president of MXR Hospitality, was serving as director of construction, extended-stay hospitality at RREAF Holdings, a real estate firm with nearly $5 billion in assets under management, with a heavy focus on multifamily housing and beachfront hospitality. Brent McDowell, now CEO of MXR, was EVP of business development at McNeill Hotel Company, a group deeply ingrained in hotel management and operations.

You can read the full article in Hotel Business HERE.
You can read the full Article as a PDF.

As featured in "Memphis Commercial Appeal"
Corey Davis, Memphis Commercial Appeal, 23 March, 2026

A new $21 million LivSmart Studios by Hilton hotel is planned for The Lake District in Lakeland.
The 121-room extended-stay hotel will be the first of its brand in the Memphis area.
Construction is slated to begin in June and finish by June 2027.

You can read the full Article as a PDF Here.

As featured in "Hotel Business"
Gregg Wallis, Hotel Business, 24 March, 2026

MXR Hospitality has appointed Travis Murray, who served as president for McNeill Hotel Company, as its inaugural EVP, operations.

In this role, Murray will provide strategic oversight and day-to-day leadership for the company’s hotel portfolio, including in the areas of brand and owner relationships, operational efficiencies and guest satisfaction, as well as a focus on growing the company’s third-party hotel property management portfolio.

You can read the full article in Hotel Business Here.
For a .pdf version click Here.

Extended-stay hotel developer and property management firm MXR Hospitality has made two notable appointments. Dawne Brado is the company’s inaugural vice president, development, and Valerie Bolton is its inaugural executive vice president, human resources.
To learn more, click here.
You can also view a .pdf version here.

Extended stay hotel developer and property management firm MXR Hospitality, names industry veteran Brent McDowell, currently chief operating officer for McNeill Hotel Company, as its inaugural chief executive officer. MXR Hospitality also names Eric Watts, also president of Extended Stay for Dallas-based RREAF Holdings, as its inaugural President.
You can read the full article in Hotel Management here.
For a .pdf version click here.

As featured in “Hotel Business”
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.