GERMANTOWN, TN—Germantown, TN-based McNeill Investment Group (MIG), formerly McNeill Hotel Investors, today named hospitality and commercial real estate veteran Tom Burdi as a Managing Director and its new Chief Operating Officer. With MIG, Burdi will help develop and work with overall corporate and investment strategy, owner relations, and fundraising, among other responsibilities. MIG Managing Director and Chief Executive Officer Chris Ropko made the announcement.
The appointment is part of a leadership realignment accompanying the company’s completion of a strategic recapitalization with Prospect Ridge, a prominent national private equity real estate investor, and Fulcrum Hospitality, a hospitality investment operating partner, advisor, and asset manager.
With more than 30 years real estate experience, Burdi is known for his ability to adroitly navigate complex and sophisticated investment strategies, including debt and equity investments, portfolio repositionings and new business development, as well as his leadership skills in directing large work groups.
Most recently, Burdi served as Head of Asset Management for the office and industrial group at L&B Realty Advisors. His extensive hospitality experience includes serving as Senior Vice President of Hotel Asset Management at Goldman Sachs where he was responsible for 211 select service hotels with a value in excess of $2.3B; and serving as Chief Financial Officer and Executive Vice President at Extended Stay Hotels, $8 billion owner-operators of 684 hotels worldwide, on behalf of the Blackstone Company.
At Goldman Sachs, Burdi was a colleague of MIG Executive Chairman Phillip H. McNeill, Jr., McNeill Hotel Company Chief Cultural Officer Mark Ricketts and MIG Managing Director and Chief Executive Officer Chris Ropko.
“Tom is one of the most dynamic real estate professionals I have ever had the priviledge of working with. He brings great strategic sense in hospitality and commercial real estate to McNeill, along with a deep and successful track record of innovation in the areas of investment analysis, financial modeling and portfolio management. Having known him for many years, he will also be a great fit with the McNeill culture,” Ropko said.
“I am thrilled to have been invited to join McNeill as they are embarking on an exciting and purposeful growth strategy,” Burdi said. “I have great respect for the group’s personal character, professionalism and industry standing.”