
Coverage
Analyses on MRR (2)
- May 31, 2026May 31, 2026
- Follow-up
Room Rates and Mr. Purple Need to Lift Hotel Indigo's NOI
Hotel Indigo does not have a normal occupancy problem. Its occupancy advantage over the competitive set highlights the room-rate gap and the need for the Mr. Purple renovation to reach NOI.

MRR Thirteen in the First Quarter: Series C Replaces Near-Term Debt, the Hotel Needs More Cash Flow
MRR Thirteen exited the first quarter with a financing solution that matters more than the operating improvement itself: Series C replaces the June 2026 debt, but the $10 million transfer to the hotel subsidiary shows that the covenant and collateral still define the company’s r…

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