Building On History
As a third-generation principal at Kemmons Wilson Inc., McLean Wilson bridges a rich philanthropic and corporate tradition with innovative entrepreneurship and community engagement. The company - which originated the Holiday Inn chain and the concept of a consistently high-quality motel franchise - maintains its focus on hospitality, most recently at a new Embassy Suites in Tuscaloosa. Financial Federal also plays a role in Wilson’s day-to-day banking, from the personal to the professional. Whether refinancing his own home or solving debt needs for a hotel, Wilson relies on partners in Memphis who understand his goals.
Wilson’s ongoing involvement with the Bank also includes work to provide outreach to potential homeowners who are overlooked by traditional lenders. “We work with people who may be coming out of incarceration, or just need a jump start,” said Wilson. “It’s part of our mission to care for Memphis’ families.” Financial Federal provides loans for these residents on the path to rebuilding their lives.
Wilson is also co-leading the effort to create an entirely new commercial/housing model. Crosstown Concourse, in the former Sears-Roebuck distribution center, is the brainchild of Wilson and University of Memphis professor Todd Richardson, and endeavors to create a vertical urban village comprised of healthcare, education, art, retail, and residential tenants. The renovation is expected to welcome its first residents in 2017, and 90% of the building is already leased to Memphis organizations like Church Health, ALSAC, Memphis Teacher Residency, nexAir, and Crosstown Arts. With responsibility for the financing, legal, leasing, and project management pieces of this complicated historical project, Wilson leveraged his existing relationship with Financial Federal to ease the construction loan process.
“They’re always accessible, and the service I get can’t be matched anywhere else. I know that I’m getting the best option when I work with them.”
Learn more about Kemmons Wilson Cos. and their relationship with Financial Federal in their Memphis Daily News profile.
For more information on Kemmons Wilson Inc., contact Rick Wood (rwood [at] finfedmem [dot] com).