Cookies Policy

What are cookies?

A cookie is a small passive text file that is stored in your computer’s browser when you visit a website. Cookies are received automatically.

The benefits of cookies are that they recognize you when you return to a website. Cookies may contain letters and numbers and do not store personal information without your consent. A cookie is not an application and therefore it cannot contain viruses.

Cookie types

It is common to distinguish between first-party cookies and third-party cookies.

First-party cookies are allocated to the page that you visit – in this case Patel. Foundation– whereas third-party cookies marketed by a third-party, such as a web analytics program.

What are cookies used for?

On Patel. Foundation, we generally use cookies for one purpose: To compile statistics about the use of the website, so that we can continually improve the user experience by identifying the type of content that is in demand.

Below you can read more about our use of cookies.

Third-party cookies

We use Google Analytics to analyze how people use our website. The information generated by the cookie about your use (including traffic data and your IP address) will be transmitted to and stored by Google on servers in the United States.

What are cookies used for?

A cookie’s life may vary depending on your preference and needs. Some disappear when you close your browser, whereas others can exist for years. It depends on the specific website.

Typical cookies “live” for up to 2 years but are usually extended after each visit to the website. If you revisit a website after 6 months, the cookie’s lifetime will be prolonged by 2 years from the date of your visit.

On Patel. Foundation, cookies for Google Analytics are kept for 1 year. At any time you can delete cookies from your computer (see the paragraph on “How to prevent or delete cookies”).

Patel. Foundation does not store any information that can identify you without your consent, and this type of information is never disclosed to third parties.

In some cases, we may use subcontractors for processing the data. 

List of third-party cookies

Google Analytics

How to prevent or delete cookies?

You can always block or delete cookies from your computer. Below is a guide on how to do this in the most frequently used browsers.

Internet Explorer 9

Click the “Tools” menu, point to “Safety” and click “Delete browsing history”. Then click “Delete cookies”.

Google Chrome

Click the Chrome menu in the upper right corner and select “Tools” and then “Clear browsing data”. Tick the “Delete cookies and other site and plug-in data” and “Empty the Cache”. Then click “Clear browsing data”.

Mozilla Firefox

Click on “History” and select “Clear recent history”. Tick the “Cookies” and “Cache” boxes and click “Clear now”.

Contact Us

Saumil Bhansali

VP of Acquisition

Saumil is a FINRA license holder and a qualified CFA. He is an experienced M&A and private placement investment banker with a proven record as a trusted advisor to public and private companies. Before joining the Patel Hotel Fund, he raised over 400 Million in Capital through various private placements for the business entities towards their growth.

Saumil has led an investment banking team in New York for 4 years and represented debt and equity capital raising on Wall Street, deal structuring and managed operations of investment banking.

He has the Series 24, 63, 79, and 82 FINRA licenses. He is a CFA, has an MBA in finance from Boston University, and a bachelor’s in computer engineering from Mumbai University. In the Bloomberg Aptitude Test, Saumil was ranked #3 worldwide and #2 across North America.

Saumil Leads the deal screening as well as the market analysis desk. He is actively involved in the Investor relationship, reporting, and operations management of the fund.

Tulsee Nathu

VP of Acquisition

Tulsee is a third-generation hotelier, ranked 30 Under 30 in hospitality by AAHOA. She brings in 3 generations of family relationships and contacts across the United States with her unique way of analyzing deals beyond the financials in the operational as well as the market future forecasting.

The family business took her to the Bay Area. What started with 1 project turned into underwriting 12 development opportunities and holding 3. She later went to join Marcus and Millichap where she enhanced her knowledge underwriting complex hospitality investments ranging from $2 to $35 million. In her current role, she is responsible for investment sales, debt and equity placement, strategic advisory, and asset management.

Tulsee was an AAHOA North Pacific Ambassador, one of America’s largest non-profit bodies that integrate the hoteliers across all states for 2 years, and North Texas Ambassador for one year where she bridges hotelier feedback with brand representatives and elected officials lobbying biannually in DC.

She is also passionate about her involvement with female empowerment and communities; annual scholarship judge with Girls Inc Oakland, packing snacks for food insecurity in Texas with Snack Pak 4 Kids, cleaning up with the elected councilman of her old childhood neighborhood near Fruitvale BART in Oakland, and taking time to support elected female representatives.

Tulsee earned her business administration degree in Marketing with a minor in Sales from the University of Houston.

Purnima Doshi

Chief Legal Officer

Purnima brings 30 years of hospitality legal transaction experience and her network of hotel owners to the fund. Beyond the hotel transaction experience, she holds over 30 years of experience in commercial and residential real estate law and immigration law. She specializes in hotel and motel acquisition, sale, construction, franchise, and financing.

Purnima worked as a municipal attorney for the City of Binghamton for six years. She also has experience working in the real estate department at Hinman, Howard, and Kartell. Purnima is known for her unparalleled work ethic and dedication to her clients in advocating for their best interests. She has enjoyed and cultivated a 25+ year relationship with most of her clients and has seen a repeat client rate of 100%.

Purnima has owned and operated her practice since 1993 and has been a shining exemplar as a female and minority lead counsel well ahead of her times. A Singapore native, she holds a Bachelor of Laws degree from the National University of Singapore, where she graduated in the top ten of her class. She is admitted to the bar in NY and as a corporate counsel in PA. Purnima is an in-house counsel, leading legal and compliance to asset transactions.

Dipika Patel

CEO

Dipika has over 22+ years of experience in the hospitality industry and is a seasoned veteran in hotel operations and real estate. Dipika served as the President and CEO of Hayden Holdings, a hospitality investment and management company with real estate assets valued at more than $250 million.

Dipika is a corporate professional turned entrepreneur known as Dee in the Hospitality circle. Before carrying the family mantle into the hospitality industry, she spent 14 years on Wall Street with leading banks and private equity firms; Citigroup, Merrill Lynch/Bank of America. She carries 20+ years of experience in developing, managing, and transacting hotels in Select Service and Full-Service segments across various geographies in the U.S. She has also managed investment exposure in multi-family properties and real estate beyond hospitality across various states. In the last 10 years, in her capacity, she has developed 25+ hotels and transacted 50+ hotels. She has also created and owned the boutique hotel brand “Hayden” in NYC.

Dipika holds a Bachelor of Science Degree in Business Finance from the Business School of Manchester, the UK. She is also a Six Sigma black belt certified in process management from GE Jack Welch Academy.

Dipika Patel is a Managing Member providing overall strategic guidance for the fund and she oversees the origination, structuring, and asset management of the company’s investments.