Mukesh Mowji, in addition to being a co-founder & CEO of Pracrea, Inc., is also a Principal in Silver Creek Hospitality and Everest Hospitality. Mukesh is a Charter member of The Indus Entrepreneur (TiE), served as Chairman of the Asian American Hotel Owners Association (AAHOA) and was President of Leuva Patidar Samaj of USA (LPS).
Previously, Mukesh held various senior executive positions in Silicon Valley-based companies, including Schlumberger, LTX Corporation, and LogicVision. He was part of the executive team that took LogicVision public in 2001. Mukesh has been involved in multiple hotel, gas station, restaurant, and convenience store ownerships, operations, and transactions.
Lodging Econometrics has tracked the hotel industry since 1998. Its global database includes new-hotel pipelines as well as renovations and brand conversions. Hotel franchisers once eager to launch new brands are focused on converting existing hotels because it’s a faster way to recover revenue lost to the COVID-19 pandemic than through new construction. In Episode 346, Lodging Leaders explores the increasing number of conversions in the U.S. hotel industry and what owners and operators need to consider before repositioning an asset.
In the first few months of the COVID-19 pandemic in the U.S., financiers anticipated a swell of distressed hotel businesses. Some raised rescue funds to respond to what they thought was a pending crisis. Though there are financial rescues taking place, the level of such activity is far below what industry advisers and fund managers expected. Commercial real estate investors positioned to act in the early days of the pandemic held off and are now just beginning to unleash their cash hoards totaling billions of dollars. Episode 345 of Lodging Leaders podcast explores the state of capital investment in the hotel industry.