McNeill Hotel Company (MHC) and the McNeill Family have announced the passing of hotel industry pioneer Phillip H. McNeill Sr. He was 87.
McNeill was one of the early investors in major hotel brand franchising, having opened the second Hampton Inn, located in Little Rock, AR, in 1984. He further founded and served in multiple leadership roles with Equity Inns, a publicly traded REIT, which grew from eight hotels valued at $40 million to a portfolio of 138 hotels, which was sold to a real estate fund of Goldman Sachs for $2.2 billion.
During his career, McNeill also served as chairman/president of McNeill Investment Company; as president/CEO of Schumacher Mortgage Company Inc., a mortgage banking firm and subsidiary of Time, Inc.; and as president/director of the Memphis Mortgage Bankers Association and the Tennessee State Mortgage Bankers Association.
