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

HMB Hotels
7540 Windsor Drive, Suite 206
Allentown, PA 18195
Phone: 610-395-7737

AAHOA
  • 311 | Shelters From the Norm: Hotels used for hospitals and housing face unexpected problems

    A year ago, Darshan Patel, CEO of Hotel Investment Group in San Diego, California, was one of the first hoteliers in the U.S. to step up and offer properties to overwhelmed hospitals seeking places to care for COVID and non-COVID patients as well as vulnerable populations. As the crisis eases and Hotel Investment Group works to return the hotels to business, Patel is negotiating with local governments to pay for the wear and tear on the properties. Patel is not alone as many hoteliers are unexpectedly dealing with problems that state and local governments’ urgent decisions have created, including property damage, increased costs and eviction bans. This report is the second in a two-part series examining the pros and cons of opening hotels to alternative uses during the pandemic. It is part of Long Live Lodging’s special coverage of the coronavirus crisis and its impact on the hospitality industry.

  • 310 | Hotels Convert to Housing: Federal COVID-19-relief funds fuel transactions

    Dhruv Patel, president of Ridgemont Hospitality, in October shared a bittersweet moment with his parents, Pravin and Sima Patel, when the family business sold the first motel that Pravin had built from the ground up more than 30 years ago. But they rest assured knowing it was the right decision because the 22-room property is being converted into affordable housing for military veterans at risk of homelessness. The transaction is among hundreds taking place across the U.S. as state and local governments work with non-profit agencies to create affordable housing solutions for vulnerable populations amid the COVID-19 pandemic. In Episode 310 Long Live Lodging reports on the financial and legal aspects of what it takes to convert a hotel into long-term housing. This report is part of Long Live Lodging’s special coverage of the coronavirus crisis and its impact on the hospitality industry.

Back to Top