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Keni’s story begins in 1982, when his family immigrated to the U.S. with nothing but visas and a network of distant relatives. Like many Patels from Gujarat, his family moved directly into a relative’s motel—18 people living on-site while working every role from housekeeping to front desk to maintenance.
Over time, Keni watched his parents acquire and expand their own motel using a mix of friends-and-family financing, 12% interest bank loans, and extreme frugality. That model—a family living in the back unit, doing every job, and saving every dollar—became the backbone of how Patels came to own 40% of hotels in the U.S. and 80–90% of motels.
Today, Keni owns hotels himself and works as a data scientist at Driftwood Capital, a $5B hospitality investment firm that develops and operates Hilton and Marriott properties.
What you’ll learn
Why Patels dominate the motel industry
How friends-and-family lending works in Gujarati communities
What margins look like for economy vs luxury hotels
Why a single family can run a 17-room motel with 60% margins
When owner-operator models stop working
The full economics behind ADR, RevPAR, NOI, and cap rates
Why Hilton, Marriott & others keep inventing new sub-brands
How COVID impacted economy hotels vs upscale hotels
Why management companies exist (and why they don’t buy hotels themselves)
This is one of the clearest, most detailed walkthroughs of the actual business of hotels you’ll ever hear.
CHAPTERS / TIMESTAMPS
0:00 – Growing up in a motel with 18 family members
3:15 – How Patels finance their first properties
7:00 – The origins of the Patel motel network
10:20 – The “friends & family” lending system explained
12:45 – Life living in a 17-room motel
15:50 – Zero days off & never sleeping through the night
18:40 – Why the first motel is the hardest
20:30 – The true margins of economy hotels
23:00 – Converting to a Days Inn and what changes
25:30 – Keni’s portfolio today + Driftwood Capital
27:00 – How hotels actually evaluate performance (ADR, RevPAR)
31:50 – Why hotel data is so rich compared to other industries
33:40 – Revenue per key & top-line benchmarks
36:15 – Cap rates and valuation differences by hotel class
38:20 – Why owner-operator models break above ~60 rooms
40:00 – Corporate contracts & sales in economy hotels
41:15 – When you need professional hotel management
44:00 – Why hotel restaurants rarely make money
47:00 – The cap rate arbitrage in economy hotels
51:30 – Why hotel brands have 35+ sub-brands
55:00 – Keni’s long-term plans
56:00 – Where to follow Keni