News and Press
McNeill Secures up to $150 Million Capital Investment, Plans to Double PortfolioSeptember 18, 2018
Germantown, Tenn.—McNeill Hotel Investors announced today that it has entered into an agreement with an investment fund managed by Almanac Realty Investors. Under the agreement, the fund has committed to provide up to $150 million of capital to McNeill. It is expected that the investment will allow McNeill to double the size of its portfolio through the acquisition, development, and management of select-service hotels using premium-branded flags from the major domestic franchisors located in secondary and select tertiary markets across the United States. - Lodging Magazine
McNeill Hotel Company Ranked at #56September 18, 2018
Hotel Business conducts an annual survey of hotel owners and developers to reveal the largest companies based on the number of rooms managed in the portfolio. McNeill Hotel company is ranked #56 with 17 hotels and 1855 rooms in our portfolio of Marriott and Hilton hotels.
Empowering Your Hotel Staff as a Leadership StyleSept 6, 2018
In simplest terms, empowerment means that staff members, when faced with an "out of the box" situation, can do more than just say: "I'm sorry." -- Mark Ricketts, President & COO
Southern Lodging Summit Presidents Panel includes Mark RickettsAugust 31, 2018
MEMPHIS, Tennessee—Industry leaders speaking on a general session panel at the Southern Lodging Summit in Memphis this week were optimistic about current hotel demand and performance trends, but couldn’t stress enough that labor issues are having a real impact on all aspects of the hotel industry. A variety of topics were covered during the session. Mark Ricketts, COO, mentioned our culture at McNeill Hotel Company as we have adopted a “more holistic approach” to employee retention and recruiting. McNeill created a video to help express the corporate culture and spread that word.“We also look now at not just the first 90 days (of a person’s employment), but even more,” he said. “Are people still getting the training they need? That’s our big focus for 2019. And we have to practice culture as well as make sure it happens.”
To read more click the link below.
Home2 Suites Waco Leads in OccupancyWaco, TX - August 21, 2018
Home 2 Suites by Hilton ranked number one on hotel occupancy rate for the second quarter of 2018. The Waco area ranked number one for hotel occupancy rate in the state for the second quarter of 2018. Click the link to see the story on KXXV Central Texas News Now.
Anna Rench Joins McNeill Hotel Company As VP, Asset Management And AcquisitionsAugust 14, 2018
GERMANTOWN, TN–-McNeill Hotel Company, a growing nationally-recognized hotel owner, developer, and manager, announced today that it has hired accomplished industry executive Anna Rench to serve as the company’s Vice President of Asset Management and Acquisitions. Mark Ricketts, President and Chief Operating Officer, made the announcement.
Eyeing ExpansionJuly 25, 2018
McNeill Hotel Company Looks To Grow Portfolio Following Infusion Of Capital
With a leadership team well versed in building hotel portfolios and a substantial amount of capital at the ready, McNeill Hotel Company is well positioned for expansion within the next few years.
Revenue Management Adapting to Predictive Pricing ToolsJennifer Driscoll, VP Revenue Management, McNeill Hotel Company, is quoted in the latest edition of Hotel News Now. The article is focused on the subject of predictive pricing tools and how hoteliers are figuring out ways to benefit from this technology. To read the full article click the link below.
Managing the Hotel Digital WorldMark Ricketts, President & COO, McNeill Hotel Company has a new article published on HotelExecutive.com. Click the link to read the article.
Smart Investment Strategies - Lodging MagazineMark Ricketts, COO was quoted for the latest article in Lodging Magazine, "After the Boom: Smart Investment Strategies for Today's Reality". Click the link below to read the article.
Cultivate the "Wider Resources" of Hospitality Sales & MarketingJune 3, 2018
By Mark Ricketts, President & COO, McNeill Hotel Company
Keeping the rooms of a hotel property fully occupied with guests that we serve well and from which we generate a reasonable profit is no easy task. It requires a sound operating model; a skilled and motivated staff at all levels of the organization; and lots of elbow grease, i.e. hard work. It also takes getting our name, as an individual property and as an organization or affiliated group of properties, out there loud and clear. To read the full article click the link below.
Hear from Chris Ropko in Hotels' Investment OutlookMay 29, 2018
Chris Ropko, CFO McNeill Hotel Company, is quoted in Hotels' Investment Outlook for June 2018. Follow the link to read the full article entitled "Shining a Spotlight on US Development".
Checking In with Mark Ricketts - Lodging MagazineMay 18, 2018
Find out Mark Ricketts' thoughts on delivering excellent guest service, the competitive hotel market, and the current trends in the hotel industry. Follow the link to read the article in Lodging Magazine.
AFTER THE BOOM - Lodging MagazineMay 16, 2018 - Lodging Magazine
Check out the latest article in Lodging Magazine that features our TownePlace Suites Auburn and a quote from Mark Ricketts, our President & COO. Click the link below to read the article.
Towneplace Suites Auburn Wins Multiple Marriott AwardsAUBURN, AL, May 1, 2018 – The TownePlace Suites hotel in Auburn, Alabama has been officially recognized by Marriott, earning multiple prestigious awards for the McNeill Hotel Company property.
General Manager Emily White has earned Marriott’s Diamond GM of the Year Award for 2017 and staff member Mary Munday has earned Marriott’s Service Team Member of the Year Award for 2017.
Beth Burns Named Marriott's Diamond GM of the Year for 2017HATTIESBURG, MS, May 1, 2018 – The TownePlace Suites hotel in Hattiesburg, Mississippi has been officially recognized by Marriott, earning two prestigious awards for the McNeill Hotel Company property.
General Manager Beth Burns has earned Marriott’s Diamond GM of the Year Award for 2017. The hotel also won Marriott’s Golden Circle Award. Previously, the TownePlace Suites Hattiesburg had earned Marriott’s “Opening Hotel of the Year” award, as well as the “Sales Ramp Up” award, selected by the Select Service & Extended Stay Hotels Group – The Americas.
Fairfield Inn & Suites Destin Wins Marriott's Bruce Reed Rally to Serve AwardDESTIN, FL, May 1, 2018 – The Fairfield Inn & Suites in Destin, Florida has been officially recognized by Marriott, earning the Bruce Reed Rally to Serve Award for the McNeill Hotel Company property.
Marriott’s Bruce Reed Rally to Serve Award is a singular honor, given to only one Fairfield Inn & Suites property each year in recognition of its community contributions.
The latest from Mark Ricketts - Making the New Hire Our Smart HireMaking the New Hire Our Smart Hire
By Mark Ricketts President & Chief Operating Officer, McNeill Hotel Company | April 15, 2018
It’s been reported that millennials decide within their first 48 hours with an organization whether they will stay on for an extended period of time. Talk about first impressions being the most lasting!
This article will discuss some best practices and ideas in making any new hire feel welcome to a hospitality organization while “coming up to speed.” It will also consider strategies and techniques that will help keep unproductive misconceptions or misunderstandings from arising between employer and employee. Click the link below to read the full article at www.hotelexecutive.com.
Chris Ropko Joins McNeill Hotel Company as CFOGermantown, TN, March 19, 2018 – McNeill Hotel Company, a growing nationally-recognized hotel owner, developer, and manager, announced today that it has hired respected industry executive Chris Ropko to serve as the company’s Chief Financial Officer. Phillip McNeill, CEO of McNeill Hotel Company, made the announcement.
Prior to joining McNeill, Ropko served as Managing Director at RobertDouglas, a national hospitality investment banking platform, where he focused on structuring and raising debt and equity capital for lodging and specialty leisure properties, portfolios and companies throughout the Americas in excess of $2.5 billion.
Hampton Inn & Suites Memphis Germantown - Wall of FameFebruary 8, 2018
The new Hampton Inn and Suites Germantown has been honored with the Wall of Fame Award for the Third Quarter of 2017! Based on overall TQS, this award honors only the top 15% of hotels in the Hampton brand. "Our guests are enjoying the new hotel and they know that we love having them here." Rebecca Thompson GM.
Everyday Brand Management - Mark RickettsDecember 03, 2017
Mark Ricketts, President & Chief Operating Officer of McNeill Hotel Company has written an article that was published in Hotel Business Review. "In its purest sense, a brand is a promise to consumers; an expectation of performance and an overall experience."
Hampton Inn Southaven-Newly RenovatedMCNEILL HOTEL COMPANY ANNOUNCES COMPLETION OF RENOVATIONS
AT HAMPTON INN IN SOUTHAVEN, MS
Southaven, MS, November 6, 2017 – Renovations at the Hampton Inn in Southaven, Mississippi have been completed and McNeill Hotel Company recently hosted a “Renovation Celebration” event to mark the occasion.
The extensive hotel renovation included a complete refresh of the exterior façade. Each of the hotel’s 86 guest rooms was updated to include all new soft seating, case goods, LG 43” televisions, and mattress sets and the bathrooms were renovated to incorporate the new Forever Young Initiative elements.
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Hotel News Now - Quote from Kim Knop, VP Sales and MarketingNovember 2, 2017
Hotel News Now: For 2018, the local market position in the current pricing cycle varies based on city location and demand, said Kim Knop, VP of sales and marketing at McNeill Hotel Company. The national averages project rate increases of 3% to 5%, she said, but some cities will see higher rate changes, such as 8% to 15%, based upon location and seasonal demand.
Revenue Management Today: Balancing People and ProcessesOctober 9, 2017,
Mark Ricketts recently had an article published in Hotel Executive magazine. Here is an excerpt "The analytical side of the hospitality business is also extremely complex. At the heart of the income side of operations is deciding at what price to offer a room (of which we have a fixed number) and the allocation of them, which rooms and for how long.
It's no easy chore. There are so many factors over which operators have no real control. These include everything from weather events, flight cancellations, or changes in plans by prospective guests to expansions and contractions of supply in certain markets or the pricing strategies of competitors." To read the full article click the link below.
McNeill Hotel Company Made the ListSeptember, 27 2017
We are thrilled to announce that McNeill Hotel Company was recently ranked #64 in Hotel Business magazine's "2017 Owners & Developers Annual Ranking" listing. The list ranks the top 102 Owners and Developers for the year based on total number of hotels and hotel rooms in their portfolio.
“This year's annual ranking is the result of our numbers as of May 31, 2017; thus, it does not take into consideration the recent addition of our three incredible hotels in the Mountain states! It's safe to say we will be climbing the ranks in next year's edition!” – Mark Ricketts, COO
Hampton Inn & Suites Destin "Fishing for Sales"September 2017 - Destin, FL
Destinie Collins, GM of the Hampton Inn & Suites Destin, was recently featured in Hello Hampton. She discusses unique sales techniques used by her team. The article can be found on page 4.
Hampton Inn & Suites Destin Does It AgainSept 12, 2017 - Destin, FL
Hampton Inn Destin has been recognized again with the Wall of Fame award for the First Quarter of 2017. The award is presented to the top 15% of the hotels under the Hampton brand.
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MHC Acquires 3 Hotels in the Mountain StatesGERMANTOWN, Tenn. – July 19, 2017 – McNeill Hotel Company announced today that it has acquired three hotels in the Mountain states, adding to the company’s growing portfolio and significantly expanding its geographic footprint.
The three hotels are:
110-room Homewood Suites in Boise, Idaho
107-room Hilton Garden Inn in Twin Falls, Idaho
106-room Hampton Inn and Suites in Salt Lake City - West Jordan, Utah
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Hampton Inn Destin Honored with Wall of Fame AwardMay 22, 2017- Destin FL,
Hampton Inn & Suites Destin has received the Wall of Fame Award for Fourth Quarter 2016. This award recognizes the top 15% of hotels in the Hampton brand.
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MHC Earns Coveted Guest Satisfaction Excellence Award From MarriottMcNeill Hotel Company, a nationally-recognized hotel owner, developer, and manager, received the 2017 “Guest Satisfaction Excellence Award – TownePlace Suites Brand” at the recent Marriott Connect 2017 Select Brands Owners Conference.
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Hampton Inn & Suites - Now OpenHampton Inn & Suites Germantown is Now Open - Reserve your room today. The much anticipated opening of the newest Hampton Inn in the Mid-South is now complete. Guests will love the well appointed lobby and guest rooms with local flair and added detail that exceed expectation.
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Towneplace Suites Hattiesburg - AwardsHATTIESBURG, MS, April 19, 2017 – The TownePlace Suites hotel in Hattiesburg, Mississippi has been officially recognized by Marriott with two prestigious awards for the TownePlace flag that acknowledge its status as one of the company’s top hotels in the United States.
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McNeill Hotel Company Retains RobertDouglas to Raise Joint Venture CapitalMemphis, TN, March 20, 2017 - McNeill Hotel Company, a nationally-recognized hotel owner, developer, and manager, announced today that it has retained the investment banking firm, RobertDouglas, to raise an initial commitment of $50 million of joint venture capital to accelerate the roll-out of the firm’s growing portfolio of strategically-located, premium select-service hotels.
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The Timing is Right
GERMANTOWN, TN—With two years under its belt and 14 properties in the portfolio – and two more on the way – McNeill Hotel Company is aiming to take on third-party management contracts.
Hunter Conference: Companies target paths to growthLeaders from HVMG, McNeill Hotel Company and Meyer Jabara Hotels spoke with HNN during the Hunter Hotel Investment Conference about their growth strategies at this point in the lodging cycle.
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Building for success, lean and nimble.When McNeill Hotel Company launched almost two years ago, the Germantown, Tennessee based hotel management company started with one hotel, a Residence Inn in Morgantown, West Virginia. Today, the growing owner/operator’s portfolio consists of thirteen hotels, and another breaking ground recently in Athens, Georgia.
For McNeill President/COO Mark Ricketts, the decision to choose M3 as the company’s accounting and analytics platform of choice was an easy one. Years prior, Mark and his father, Tom Ricketts, saw M3 as a way for them to get to the next level with Master Hospitality, a small hotel company with ten hotels.
Back then, it was a way for us to be more sophisticated,” Mark explained. “Instead of the old-fashioned way of everyone sending in data and having an admin put it on a spreadsheet, it was web-based, so when you traveled, everything was accessible.”
As Mark’s career progressed from Master to vice president and senior vice president of asset management roles at Equity Inns and Archon Hospitality, his exposure to the M3 platform broadened, as several management companies overseeing hotels he asset managed used M3 in ways he hadn’t previously experienced, giving him a better knowledge of the hotel accounting software’s capabilities and solidifying his decision to incorporate the M3 platform into his own company.
“When we started McNeill, the decision to go with M3 was a no brainer, as we knew we liked the capabilities, the richness of the reports, and the ability to customize different reports, not to mention the ease with which we could review data online.”
As Mark and McNeill CEO Phillip McNeill and CFO Mark Layne put the company together, one of their goals was to maintain a lean structure from the corporate office side. To accomplish this, McNeill was one of the first management companies to take advantage of M3’s service offering, M3 Professional Services. With M3PS, a team of two accounting professionals handle the day-to-day accounting functions remotely for McNeill, led by McNeill’s Vice President of Hotel Accounting, Mary Jean Campochiaro. It’s an arrangement that has allowed McNeill to grow quickly and not be burdened by recruiting and hiring experienced hotel accounting staff.
“We can’t underscore the importance of M3 to our company as we’ve built our objectives, game plan and strategies,” concluded Ricketts. “We’ll only be as successful as this accounting platform, and with an open level of communication, M3 has been a major part of McNeill’s growth, from a single hotel to thirteen properties and growing."
Plans Revealed for Massive Germantown ProjectMemphis-based Elkington Real Estate Group is partnering with two out-of-town developers on a massive mixed-use project for Germantown.
Carter & Associates LLC, an Atlanta-based developer that has made $1.2 billion in real estate investments since 2005, has filed plans with the city of Germantown for a $200 million mixed-use development on 32 acres west of Saddle Creek.
Fletcher Elkington, who will be in charge of the development's real estate component, told the Memphis Business Journal that the city should be excited about Carter coming to town.
"Carter is a national developer," Elkington said. "They have a sterling reputation. … To have a national group like Carter is very significant for Memphis."
Elkington said the development's retail space will feature multiple concepts that will be new to Tennessee. With Carter's reputation and the scale of the project, Elkington said the development is akin to something that would be built in Nashville right now. He declined to discuss other aspects of the project, deferring to his father, John, who could not immediately be reached for comment.
The other out-of-town developer on the project is Jeffrey R. Anderson Real Estate Inc., out of Cincinnati.
The Carter development will be just east of Gill Properties' $90 million TraVure project, which has broken ground in Germantown at its boundary with Memphis.
Other groups had previously worked to develop the land, including Poag & McEwen, the developers of Saddle Creek.
Jacob Steimer covers CRE, manufacturing, finance and nonprofits for MBJ.
Thornwood Developers ready for next phase in GermantownDevelopers of Thornwood, a mixed-use project along South Germantown Road that embodies Germantown's smart growth planning strategy, have applied for a building permit for the next phase. Included in the new phase, according to Ray, will be 34,000 square feet of retail and restaurant space on the first floor and 25 high-end apartments on the second. Garage-level parking would accommodate about 190 vehicles.
McNeill Hotel Company Breaks Ground on Homewood Suites in Athens, GAMcNeill Hotel Company held official groundbreaking ceremonies for the new Homewood Suites by Hilton hotel. McNeill is building the all-suite property.
Home2 Suites Destin Grand OpeningThe 112-room extended stay hotel, which officially opened on Dec. 15, offers a kitchen in every room, complete with a refrigerator, dishwasher, microwave and garbage disposal. The hotel has a pool, fitness center, laundry center and Wi-Fi. It is also pet friendly and provides a full menu complimentary breakfast.