As a Vice President with the Nashville satellite office of HVS, Jai B. Patel has worked on appraisal and consulting assignments for more than 350 hotels and resorts throughout the U.S. His reports have helped build hotels, secure loans for hotel renovations and transactions, and guide plans for a wide variety of hotel ventures. His detailed approach, re-adapted to fit each individual hotel assignment, translates into clear, comprehensive conclusions about a hotel’s feasibility or value.
Jai grew up around the hotel business. His parents began their hospitality enterprise with the 18-room American Inn in Metropolis, Illinois, and Jai has grown attuned to the responsibilities, challenges, and rewards of hotel operations ever since. When the family’s Nashville hotels faced bankruptcy in the worst of the Great Recession, Jai stepped in to assume management. Three years later, revenues doubled, customer-service scores shot upward, and operational costs dropped as the hotel went green. His efforts to turn the struggling hotel around earned Jai the honor of the 2012 Business Leader of the Year in Nashville by Business Leader Magazine.
Jai joined the board of Tennessee Business Association in 2016, providing guidance and preparing it for its re-launch in 2017. Eager to give back to his community, Jai has volunteered with the Ronald McDonald House and Second Harvest Food Bank of Middle Tennessee, raised money and gifts for Toys for Tots, and tutored children and young adults through several organizations in the local community.