Jai Patel
Owner
Jai Patel portfolio
$9.4 million* – hotel 100%; Queens 58%, Bronx 41%
2747th largest portfolio by dollar value
43,877 sqft – hotel 100%;
3062th largest by SF
2 properties – Bronx 50%, Queens 50%
3236th largest
8 residential units – Bronx 100%, Manhattan 0%
4302th largest by residential units
Person Activity past 24 months:
Borrower signatory: 1 for $30 million
Developer (new building or major alteration): 4.0 for 0 square feet
Top Ten Associated Companies:
Metro City Bank (1), Crown Bank (1), NewBank (1)
Top Ten Associated People:
Michelle Lee (1)
Recent activity as company:
• PrideHospitalityGroup borrowed $30 million from Metro City Bank for 149-03 Archer Avenue, Jamaica, Queens on January 10, 2024.
• Jai Patel filed plans for new building for 23,383 sqft in East Flatbush, Brooklyn, on May 03, 2022.
• Jai Patel filed plans for new building for 26,192 sqft in Parkchester, Bronx, on April 15, 2022.
• Jai Patel borrowed $5 million from Crown Bank for 1275 Pugsley Avenue, Unionport, Bronx on October 06, 2021.
• Pride Hospitality Group borrowed $5 million from NewBank for 4387 3rd Avenue, Tremont, Bronx on April 28, 2021.
Latest Stories:
• Jai Patel signs $30M refi with Metro City Bank for Aloft hotel in Jamaica (January 11, 2024)
Properties: