McNeill Investment Group Partners With Prospect Ridge and Fulcrum

GERMANTOWN, Tennessee—McNeill Investment decision Team (MIG), previously McNeill Resort Traders, declared a strategic partnership with Prospect Ridge, a countrywide private equity actual estate investor, and Fulcrum Hospitality, a hospitality financial investment working companion, advisor, and asset supervisor. McNeill Financial investment Team Executive Chairman Phillip H. McNeill, Jr. produced the announcement.

McNeill contributed 12 of its wholly owned more recent classic, quality branded find-services, and extended-remain resorts concentrated in university and clinical middle submarkets to the partnership. McNeill retains the property management responsibility of all lodges controlled by the new partnership and is predicted to continue to develop its portfolio of owned and third-party managed hotels, together with in its present-day emphasis on Hilton, Marriott, and Hyatt-branded select-provider and prolonged-stay homes nationwide.

Home management assignments will go on to be organized less than McNeill Resort Corporation, with the Prospect Ridge joint venture and McNeill Lodge Business models of the freshly shaped McNeill Financial investment Team (MIG). McNeill also introduced that it has concluded its financial commitment and property management relationship with Almanac Realty Investors, a business enterprise device of Neuberger Berman, a private, independent, worker-owned expenditure supervisor.

“This is a landmark day in the historical past of our business,” explained Phillip H. McNeill, Jr. “I first want to thank Almanac Realty Investors for an outstanding partnership during a time period of robust development and meaningful favourable efficiency for us, such as via the pandemic. When Mark Ricketts and I began McNeill Hotel Organization, a single of our unique goals was to create a business that would be attractive to institutional traders. Almanac was instrumental in supporting us to realize that goal.”

“We are psyched about our new undertaking with Prospect Ridge,” McNeill ongoing. “We know it will be a great fit with respect to financial commitment philosophies and aims, as effectively as how we regard our other marketplace partners, our crew users, our company, and our host communities. We search ahead to continuing to push achievement and improve our best-in-class lodge administration and growth system.”

Justin Hakimian, taking care of director of Almanac Realty Traders, explained, “We savored doing work with the McNeill crew, who created excellent returns for our traders as collectively we grew their portfolio from 14 to 21 owned hotels. We respect them remarkably and would like them continued good results.”