Germantown, Tennessee — June 2024 — McNeill Hotel Company (MHC) and McNeill Investment Group (MIG) today announced the establishment of the Mark A. Ricketts Memorial Scholarship at The University of Memphis Kemmons Wilson School of Hospitality & Resort Management.
Dedicated to the memory of Mark Ricketts, who co-founded McNeill Hotel Company in 2014 with Phillip McNeill, Jr., the scholarship will aid at least one undergraduate student, beginning in 2025, committed to a career in hospitality. A courageous and most loved leader, Ricketts passed away on November 2, 2022, after a brave battle with ALS. 

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Did you know that McNeill Hotel Company manages Ocean Grove RV Resort in St. Augustine Beach, FL? Campspot recently recognized Ocean Grove RV Resort as the number 3 property in the US out of 2300+ campgrounds on their marketing platform. Campgrounds were reviewed for key characteristics such as reservation data, ratings, park features, and Campspot Marketplace quality in order to create the annual list of award-winning parks.
You can see the list here: Campspot Awards
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By Annie Mulvanny, VP of Investments and Asset Management.
With some economic uncertainty in the future and potential for shocks relating to the upcoming presidential election and ongoing wars in Europe and the Middle East, it is not time to abandon expense discipline. Even as revenue per available room is forecast to increase across most markets in 2024, the rise in expenses is making it more difficult to achieve the same profit margins.
There are several ways operators, asset managers, and hotel owners are combating these issues, including in the areas of technology, labor and guest services.
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