Press Release

McNeill Hotel Investors Secures Capital Investment of up to $150 Million from Almanac Realty Investors

September 5, 2018 – Germantown, Tennessee - McNeill Hotel Investors ("McNeill") announced today that it has entered into an agreement with an investment fund managed by Almanac Realty Investors ("Almanac"), under which the fund has committed to provide up to $150 million of capital to McNeill. It is expected that the investment will allow McNeill to double the size of its portfolio through the acquisition, development, and management of select-service hotels using premium-branded flags from the major domestic franchisors located in secondary and select tertiary markets across the United States.

"We are excited to establish this relationship with Almanac, one that is based on our shared corporate values and investment strategies," said Phillip McNeill, Jr., CEO of McNeill. "In particular, we respect Almanac's understanding of hotel industry fundamentals and the due diligence with which they make investments in real estate companies."

Based in New York, Almanac is a leading provider of growth capital to private and public real estate companies. Founded in 1981, originally under the name Rothschild Realty, the group has committed over $5.0 billion to 42 companies pursuing a wide array of real estate opportunities. Almanac's investment in McNeill is the first out of its most recent fund, Almanac Realty Securities VIII, L.P.

Justin Hakimian, a partner at Almanac added, "McNeill is a strong vertically-integrated company comprised of seasoned hospitality and real estate professionals. With a leadership team well-versed in building and operating hotel portfolios, we look forward to being part of their continued growth in the years ahead."

McNeill owns and manages 17 select-service hotels, including as an approved franchisee for Marriott and Hilton across the southeast and mountain states, with several additional properties currently under development. McNeill managed properties have regularly earned TripAdvisor Certificates of Excellence and multiple high profile awards from Marriott and Hilton, including the TownePlace Suites (Marriott) Diamond GM of the Year Award and The Fairfield Inn & Suites (Marriott) Bruce Reed Rally to Serve Award for community service.

"Our relationship with Almanac will allow us to accelerate our existing strategy of strategic investments in quality select-service hotel properties in markets with excellent long term demand drivers such as universities, regional hospitals or drive-to destinations. Our growth will allow us to offer meaningful career growth opportunities for our valued staff and enhance our industry mission of People Serving People." added McNeill.

About McNeill Hotel Company

Headquartered in Germantown, Tennessee, McNeill Hotel Company is built on a foundation of trust, pursuit of excellence and a philosophy of "people serving people." The firm focuses on select-service hotels with a growth strategy based on a mix of new hotel development, meaningful acquisitions and third-party management agreements. The company is an approved franchisee for both Marriott and Hilton. Phillip McNeill, Jr. and Mark Ricketts, the company's 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

About Almanac Realty Investors LLC

Almanac Realty Investors LLC is a leading provider of growth capital to private and public real estate companies. From the time of its founding in 1981, originally under the name Rothschild Realty, the group has raised over $5.0 billion related to a wide array of real estate opportunities. Since 1996, Almanac's primary investment activity has consisted of making private placements of capital into public and private real estate operating companies. Almanac managed funds have committed over $5.0 billion to 41 such companies in North America. For more information, visit