A modern hotel in one of downtown Houston’s oldest buildings has a new owner.

MCR, a hotel owner-operator with offices in New York City, Dallas, Chicago and Richmond, Va., acquired the Aloft Houston Downtown, the company said. Terms were not disclosed.

One of four Aloft hotels in Houston, the 11-story, 168-room hotel at 820 Fannin is among several hotels that have occupied vintage downtown buildings in recent years.

Sugar Land-based Trend Hospitality completed a redevelopment of the former Stowers Furniture building, originally built in 1913, into the Aloft in 2016. The hotel features mid-century modern furniture, bars in the lobby and on the rooftop, billiards, a rooftop pool and laptop work areas designed to appeal to the millennial set. Aloft is part of Marriott International.

Other recent hotel redevelopments include AC Hotel by Marriott Houston Downtown in the former Houston Bar Center building on Main Street, Cambria Hotel Houston Downtown Convention Center in the former Great Southwest Building, and Hyatt Place Houston/Downtown in the 1950 Southwestern Bell office building at 1114 Texas Ave.

Downtown was particularly hard hit by the drop in business and leisure travel due to COVID-19, and hotel occupancy has yet to recover to pre-pandemic levels. Downtown’s average hotel occupancy of 31.1 percent is half of what it was in early 2019, according to STR, a hospitality research firm. Average daily rates of $173 are just slightly below $177 in early 2019.

Houston’s overall hotel occupancy was 46.6 percent in January, down from 58.8 percent from January 2019.

The acquisition represents MCR’s 38th hotel in Texas.