Bijal Patel guides San Jose-based Coast Redwood Hospitality, which owns and operates a portfolio of multiple real estate and hotel projects. He is a third-generation hotelier who signed his first franchise agreement while a senior in high school and earned the prestigious Certified Hotel Administrator (CHA) designation at age 20. He enthusiastically gives back to his chosen industry, serving currently as an officer of the California Hotel & Lodging Association (CH&LA) as well as being active in the 17,000-member Asian American Hotel Owners Association (AAHOA) as an Ambassador for the North Pacific Region and as a member of the Young Professionals Committee.
Coast Redwood Hospitality
Mentioned in this Episode
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.