RobertDouglas Advises McNeill Hotel Company on Origination and Structuring of up to $150 Million of Growth Capital
RobertDouglas announced today that it advised McNeill Hotel Company, a leading developer, owner, and operator of premium branded select-service hotels, in securing a commitment of up to $150 million from an institutional capital source to invest in the company's existing portfolio and fund future growth opportunities. The commitment was made by a fund managed by Almanac Realty Investors, a New York City based private investment firm specializing in providing growth capital to vertically-integrated real estate businesses.
McNeill Hotel Company, headquartered in Memphis, Tennessee, was founded in 2015 by Phillip McNeill, Jr. and Mark Ricketts, second-generation hoteliers and former senior executives at Equity Inns. Members of the company's leadership team have on average in excess of 30 years' experience in hotel investment, asset management, and operations. McNeill Hotel Company's existing portfolio consists of 18 properties comprising nearly 2,000 rooms. Going forward, the company will deploy capital in carefully-underwritten secondary markets with strong, recognizable demand drivers, while continuing to manage its properties subject to franchise affiliations with industry leading select-service brands.
"The combination of its deeply-experienced leadership team and strong asset management credentials make McNeill Hotel Company one of the most impressive vertically-integrated investors in the select-service hotel sector" remarked Rob Stiles, Principal & Managing Director at RobertDouglas. "We are proud to have been able to assist this best-in-class team at an important inflection point in the growth of their company."
"This transaction highlights the degree of sophistication that now exists in the capital markets for the select-service segment of the broader hotel industry," commented David Smith, Director at RobertDouglas. Lindsey Whang, a Senior Associate, added "With a substantial and flexibly-structured financial backing from an institutional investor, the McNeill platform is now ideally poised to capitalize on new ground-up construction, acquisition, and third-party management deals, and we are excited to be a part of its ongoing emergence as one of the most important players in the sector."
About RobertDouglas
RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles, San Francisco, Chicago, and Nashville that specializes in the sale, financing, and equity capitalization of hotel, resort, and gaming properties throughout North America. Founded in January 2013 and currently led by its four partners, Rob Stiles, Doug Hercher, Stephen O'Connor, and Evan Hurd, RobertDouglas offers access to exceptional domestic and international institutional investor and lender relationships as it combines the capital markets sophistication of top-tier investment banks with diligent hotel underwriting and proven asset management experience.
For more information, contact info@robert‐douglas.com or go to www.robert-douglas.com.