Germantown, TN- based McNeill Investment Group (MIG), formerly McNeill Hotel Investors, has revealed that President/COO Mark Ricketts has transitioned to the new position of chief culture officer.
His new position is part of a leadership realignment accompanying the company’s completion of a strategic recapitalization with Prospect Ridge, a national private equity real estate investor; and Fulcrum Hospitality, a hospitality investment operating partner, advisor and asset manager.
“I have intimately known and worked with Mark for many years,” Phillip H. McNeill, Jr., executive chairman, MIG. “He embodies everything anyone could ask for in a friend, colleague and leader. 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.”
Ricketts added, “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.”
Like McNeill, Jr., Ricketts is a second-generation hotelier. With nearly 35 years of experience in the hotel industry, he is a founding principal of McNeill Hotel Company. Just prior to joining McNeill, he served as VP in the realty management division for Goldman Sachs in Irving, TX. In this capacity, he provided hotel asset management oversight for a portfolio of more 300 properties, spanning 10 brands and 27 flags.
Previously, Ricketts was VP, 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.
For more on Ricketts and his career, check out the Industry Insider in the August issue of Hotel Business.