Mark Ricketts Becomes Inaugural Chief Culture Officer of McNeill Investment Group (MIG)
Part of Leadership Realignment Accompanying Strategic Recapitalization With Prospect Ridge and Formation of McNeill Investment Group
Germantown, TN- based McNeill Investment Group (MIG), formerly McNeill Hotel Investors, today announced that President and Chief Operating Officer Mark Ricketts has transitioned to the new position of Chief Culture Officer. Executive Chairman Phillip H. McNeill, Jr. made the announcement.
Ricketts' new position is part of a leadership realignment accompanying the company's completion of a strategic recapitalization with Prospect Ridge, a prominent national private equity real estate investor; and Fulcrum Hospitality, a hospitality investment operating partner, advisor, and asset manager. [Link to PR Newswire Press Release.]
"I have intimately known and worked with Mark for many years. He embodies everything anyone could ask for in a friend, colleague and leader," Phillip H. McNeill, Jr. said.
"Not only is he a People Person, but he understands intrinsically what bonds people together with shared values and goals; and he is a champion for diversity and inclusivity in our industry. He is a perfect choice for our first Chief Culture Officer," Phillip H. McNeill, Jr. said.
"I am blessed to work with Phillip and all the wonderful people in our organization, including at the property level. As we continue to grow as a hospitality entity, McNeill intends to remain true to the mission and purpose that have helped bring us to where we are today," Ricketts said.
Like Phillip H. McNeill, Jr., Ricketts is a second-generation hotelier. With nearly 35 years of experience in the hotel industry, Ricketts is a Founding Principal of McNeill Hotel Company. Just prior to joining McNeill, he served as Vice President in the Realty Management Division for Goldman Sachs in Irving, TX. In this capacity, Ricketts provided hotel asset management oversight for a portfolio of more 300 properties, spanning 10 brands and 27 flags.
Previously, Ricketts was Vice President of Asset Management for Equity Inns when it sold its portfolio of 138 hotels to a real estate fund of Goldman Sachs for $2.2 billion.
About McNeill Investment Group
Founded in 2014 and headquartered in Germantown, Tennessee, McNeill Investment Group (MIG) is built on a foundation of trust, pursuit of excellence and a philosophy of "people serving people." The firm focuses on select-service and extended stay hotels with a growth strategy based on a mix of new hotel development, meaningful acquisitions and third-party management agreements conducted through its McNeill Hotel Company unit. The company is an approved franchisee for Marriott, Hilton and Hyatt. Phillip McNeill, Jr. and Mark Ricketts, the company's founding principals, are 2nd generation hoteliers with over 60 years of combined institutional experience in the hotel industry, encompassing nearly every discipline of the business. For more information, visit www.mcneillhotels.com.
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