How many hotels are owned by Patels in USA?

How many hotels are owned by Patels in USA?

Over three-and-a-half decades later, the Potel phenomenon has left the world gasping. Gujaratis, mainly Patels, now own 21,000 of the 53,000 hotels and motels in the US. It makes for a staggering 42% of the US hospitality market, with a combined worth of $40 billion.

How many hotels does the Patel family own?

Chan Patel had grown his business from just one independent motel to 13 small independent hotels by 1987. Currently he and his two sons own eight hotels including Hilton, Best Western and Marriott today, including six in New York city managed by his sons.

How many Patels are there in the US?

There are roughly 500,000 Patels outside India, including about 150,000 in the United Kingdom and about 150,000 in the United States. Nearly 1 in 10 people of Indian origin in the US is a Patel.

Is motel business profitable in USA?

Profits for motels can be substantial, especially if the demand is high. Room rates can conceivably triple during major events and peak tourist season. However, average profits have fallen in the last few years for motels from around 35% to 25%.

What percentage of hotels are owned by Patels?

Given that the group says about 37 percent of the hotels and motels in the United States are owned by their members, this would mean that about one in every five of these facilities in the country is owned by somebody named Patel.

How much does a hotel owner make a year?

Using an inflation calculator, we estimated that in 2021 dollars, owners of a hotel chain can expect to earn, on average, around $49,000 – $74,000 per year. To put that into perspective, the American middle class consists of those earning between $48,500 and $145,500 per year.

How much does it cost to build a motel?

Motel, 1 Story Square Foot Cost Assuming Aluminum Siding / Wood Frame

How many Patels are there?

Today, the US alone is home to as many as 145,000 Patels, who have come to dominate the country’s motel business.

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