Masters of Moments Inside the Success of Vision Hospitality Group - Mitch Patel - Founder of Vision Hospitality Group
Apr 30, 2025
Mitch Patel, founder of Vision Hospitality Group, shares his journey in the hospitality industry, built on strong values since 1997. He discusses the early risks of focusing solely on hotels and the balance between developing and operating properties. Mitch explains how he manages to develop multiple hotels simultaneously, his passion for creating experiential and lifestyle hotels, and his non-negotiable standards for independent hotels. He also expresses his concerns for the future of hospitality and shares his favorite hotel experience.
AI Snips
Chapters
Transcript
Episode notes
Early Hands-On Hospitality
- Mitch Patel grew up cleaning rooms and managing motels with his family from a young age.
- His early hands-on experience rooted his deep understanding of hospitality fundamentals.
Top Choice in Limited Rooms
- Hospitality success depends on being a traveler's top choice due to limited room supply.
- Lower-ranked hotels suffer much larger drops in occupancy during tough times than top-ranked ones.
Development Due Diligence Essentials
- Evaluate potential hotel development by confirming site plan approval and performance Proforma early.
- Assemble the right architect, engineers, and brand team to ensure smooth project execution.