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'''Chiman S. Patel''' (born [[June 1]], [[1942]]) is a prominent hotel developer and owner, and a co-founder and chair of [[HP Hotels]]
'''Chimanbhai S. Patel''' (born [[June 1]], [[1942]]) is a prominent hotel developer and owner, and a co-founder and chair of [[HP Hotels]]


Patel immigrated to the United States to complete a degree in biology at the [[University of Alabama]]<!--or Auburn University--> in the late 1960s. After graduating he taught plant physiology at [[Tuskegee University|Tuskegee Institute]] before going into business for himself as a carpet importer.
Patel immigrated to the United States to complete a degree in biology at the [[University of Alabama]]<!--or Auburn University--> in the late 1960s. After graduating he taught plant physiology at [[Tuskegee University|Tuskegee Institute]] before going into business for himself as a carpet importer.
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He bought the [[Bama Motel]] on [[1st Avenue North]] in [[East Lake]] in [[1974]]. By [[1982]] he was also working as a motel broker for [[Molton, Allen & Williams]] and as manager of the [[Tara House Hotel]] in [[Homewood]], having negotiated an option to purchase the property from owner [[Bud Conaway]].
He bought the [[Bama Motel]] on [[1st Avenue North]] in [[East Lake]] in [[1974]]. By [[1982]] he was also working as a motel broker for [[Molton, Allen & Williams]] and as manager of the [[Tara House Hotel]] in [[Homewood]], having negotiated an option to purchase the property from owner [[Bud Conaway]].


In [[1993]] Patel sold the [[Town Motel]] to his nephew, [[Bharat Patel]] and  his wife, [[Daksha Patel|Daksha]], for $450,000, but ended up foreclosing on their mortgage. The younger Patels filed a lawsuit claiming that their uncle had inflated the purchase price and overstated the profitability of the motel, partly because earlier revenues had relied on illegal short-term rentals. A jury found for the plaintiffs and awarded compensatory and punitive damages. On appeal, the [[Alabama State Supreme Court]] upheld the court's judgment, but reduced the punitive damages by half, noting that Chiman Patel had claimed in [[1994]] to have a net worth of around $3 million.
In [[1993]] Patel was one of the incorporators of the [[Gujarati Cultural Society]].
 
That same year, he sold the [[Town Motel]] to his nephew, [[Bharat Patel]] and  his wife, [[Daksha Patel|Daksha]], for $450,000, but ended up foreclosing on their mortgage. The younger Patels filed a lawsuit claiming that their uncle had inflated the purchase price and overstated the profitability of the motel, partly because earlier revenues had relied on illegal short-term rentals. A jury found for the plaintiffs and awarded compensatory and punitive damages. On appeal, the [[Alabama State Supreme Court]] upheld the court's judgment, but reduced the punitive damages by half, noting that Chiman Patel had claimed in [[1994]] to have a net worth of around $3 million.


In [[2002]] Patel developed the [[Holiday Inn Express Birmingham - Irondale]] at 811 [[Grant's Mill Road]]<!--sold by Star Hospitality of Anniston to Empire Hospitality of Vancouver, Washington in 2022-->. That same year he partnered with [[Mike Hines]] to form HP Hotels.
In [[2002]] Patel developed the [[Holiday Inn Express Birmingham - Irondale]] at 811 [[Grant's Mill Road]]<!--sold by Star Hospitality of Anniston to Empire Hospitality of Vancouver, Washington in 2022-->. That same year he partnered with [[Mike Hines]] to form HP Hotels.


In [[2019]] Patel began developing a [[Home2 Suites Hoover - Galleria]] at 3200 [[Galleria Circle]]. In [[2021]] he sold the property along with the business opportunity to [[Sanjay Patel]]'s [[Baron Hospitality]].
In [[2019]] Patel began developing a [[Home2 Suites Hoover - Galleria]] at 3200 [[Galleria Circle]]. In [[2021]] he sold the property along with the business opportunity to [[Sanjay Patel]]'s [[Baron Hospitality]].
 
<!--==Companies==
==Companies==
* [[Hari Hospitality]] (incorporated 2013)
* [[Hari Hospitality]] (incorporated 2013)
* [[Laxminarayan Hospitality]] (incorporated 2021)
* [[Laxminarayan Hospitality]] (incorporated 2021)
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* [[SpringHill Suites by Marriott Tuscaloosa]], 4020 [[Greensboro Avenue]], [[Tuscaloosa]] (opened 2015)
* [[SpringHill Suites by Marriott Tuscaloosa]], 4020 [[Greensboro Avenue]], [[Tuscaloosa]] (opened 2015)
* [[Embassy Suites by Hilton Birmingham Hoover]], 2960 [[John Hawkins Parkway]]
* [[Embassy Suites by Hilton Birmingham Hoover]], 2960 [[John Hawkins Parkway]]
* [[Residence Inn - Hoover]] (purchased 2019)
* [[Residence Inn - Hoover]] (purchased 2019)-->
 
==References==
==References==
* Horne, Terry (January 1, 1982) "[https://www.newspapers.com/clip/119091488/when-it-comes-to-innkeepers-patels-the/ When it comes to innkeepers, Patel's the name]" {{BPH}}, p. C1
* Horne, Terry (January 1, 1982) "[https://www.newspapers.com/clip/119091488/when-it-comes-to-innkeepers-patels-the/ When it comes to innkeepers, Patel's the name]" {{BPH}}, p. C1

Revision as of 14:36, 19 February 2023

Chimanbhai S. Patel (born June 1, 1942) is a prominent hotel developer and owner, and a co-founder and chair of HP Hotels

Patel immigrated to the United States to complete a degree in biology at the University of Alabama in the late 1960s. After graduating he taught plant physiology at Tuskegee Institute before going into business for himself as a carpet importer.

He bought the Bama Motel on 1st Avenue North in East Lake in 1974. By 1982 he was also working as a motel broker for Molton, Allen & Williams and as manager of the Tara House Hotel in Homewood, having negotiated an option to purchase the property from owner Bud Conaway.

In 1993 Patel was one of the incorporators of the Gujarati Cultural Society.

That same year, he sold the Town Motel to his nephew, Bharat Patel and his wife, Daksha, for $450,000, but ended up foreclosing on their mortgage. The younger Patels filed a lawsuit claiming that their uncle had inflated the purchase price and overstated the profitability of the motel, partly because earlier revenues had relied on illegal short-term rentals. A jury found for the plaintiffs and awarded compensatory and punitive damages. On appeal, the Alabama State Supreme Court upheld the court's judgment, but reduced the punitive damages by half, noting that Chiman Patel had claimed in 1994 to have a net worth of around $3 million.

In 2002 Patel developed the Holiday Inn Express Birmingham - Irondale at 811 Grant's Mill Road. That same year he partnered with Mike Hines to form HP Hotels.

In 2019 Patel began developing a Home2 Suites Hoover - Galleria at 3200 Galleria Circle. In 2021 he sold the property along with the business opportunity to Sanjay Patel's Baron Hospitality.

References

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