AAHOA
036 | Effective Networking through Touchpoints and Follow Up with Binita Patel
AAHOA
Binita is currently a Vice President with HMB Hotels based in Allentown, PA, focusing on the finance and asset management aspects of the business. Prior to returning to HMB Hotels, she served as a Manager at Ramsfield Hospitality Finance, and Associate Investment Manager at Beacon Hospitality Partners, both located in New York, NY.
Binita earned a Master of Management in Hospitality at Cornell’s School of Hotel Administration with a concentration in Real Estate Finance & Investments, and a B.S. in International Business & Marketing from Drexel University. In 2008, she received the AAHOA Future Hotelier of the Year award, and she currently serves on the AAHOA Board as the Young Professional Director.
In This Episode, Binita Talks About:
- Growing up in the industry and helping out with the family business.
- Her experiences with Ramsfield Hospitality Finance and Beacon Hospitality Partners, and what it was like working in the finance side of the business during the recession.
- Returning to HMB Hotels, serving as interim GM at one of their properties, and the renewed respect she gained for operations after doing that.
- AAHOA’s Delegation to India in 2007, and how those connections she made with industry leaders continue to influence her today.
- Cornell University, the incredible experiences she had there, and how that expanded her view of the industry.
- Networking, why it’s important, ways to make a lasting impression, and how to nurture those relationships.
- Service, why she’s involved and the impact she hopes to make.
Resources & Links
- Email: binita[at]hmbhotels.com
- Binita on LinkedIn
- Binita on Facebook
- Asian American Hotel Owners Association (AAHOA)
- Cornell School of Hotel Administration
HMB Hotels
7540 Windsor Drive, Suite 206
Allentown, PA 18195
Phone: 610-395-7737
AAHOA
-
346 | Repositioning For Recovery: Hotel conversions to outpace new builds
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.
-
345 | ‘Rosy View of Future’: Hotel industry sees unleashing of pent-up investor demand
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.