Patel Hotel Fund

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 & CEO of Hayden Holdings, a hospitality investment and management company with real estate assets valued more than $250 million.

Dipika is a corporate professional turned entrepreneur known as Dee in the Hospitality circle, Prior to 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’ experience in developing, managing, and transacting hotels in Select Service and Full-Service segments across various geographies in the US, she has also managed investment exposure in multi-family properties and real estate (Land) beyond hospitality across various states. In the last 10 years in her personal capacity, she has developed 25+ hotels and transacted 50+ hotels. She has also created and owned boutique hotel brand “Hayden” in NYC.

Dipika holds a Bachelor of Science Degree in Business Finance from Business School of Manchester, UK and an MBA in Business Management from NYU, New York. She is also 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 oversees the origination, structuring and asset management of the company’s investments.

Ms. Cannon carries 30+ years of experience in operating hotel assets across the country from full service, luxury resorts, select service and limited service in all brands. Prior to joining the leadership team of Patel hotel fund, she Co-Founded and managed one of the America’s top 50 hotel management companies nationwide. In the last 3 years of her career 2018/2019/ 2020 she has managed 100+ properties, Managed 200+ Million USD Revenue, and 45+ states operations.

Ms. Cannon is a hospitality veteran, Chairwoman of CUSA holdings, a turnaround strategy entity in the hotel operations and management of revenue, hotel operations and sales & marketing and has managed, over her career, over $550 million in hotel assets. Ms. Cannon’s expertise and experience spans full-service hotels and resorts, to boutique luxury hotels, to select service and limited-service hotels. Ms. Cannon and CUSA have managed in over 45 states and the West Indies.

Ms. Cannon has managed hospitality assets through 4 economic downturns from the late 80s through to the COVID crisis of 2020. Ms. Cannon is a licensed Broker in the State of Georgia with reciprocal licenses in multiple states. Ms. Cannon is also a certified Receiver, since 2009, with the State of New York Receivership Certification Program with the New York State Bar Association. Ms. Cannon has a Business Education Degree from CCBC Catonsville, MD.

Ms. Cannon has been active in community/charitable organizations for over 40 years. She serves as Chairman of the Board (2001 – Present) of First Care Women’s Clinic Chairman of the Board (2016 – Present) of Waymark Foster Kids Program, inance Committee – FBCW (3-year term – 2021 – 2024), Past President HSMAI. Ms. Cannon heads the property management services of the hotel portfolio held under the fund.

She brings in 30 years of hospitality legal transaction experience and her network of relationship with the hotel owners to the fund. Beyond the hotel transaction experience, she carries over 30 years of experience in commercial & residential real estate law, as well as 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.. Purnima also has experience working in the real estate department at Hinman, Howard & Kattell. 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 she has seen a repeat client rate of 100%.

Purnima has owned and operated her own practice since 1993 and has been a shining exemplar as a female & 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.