Jai B. Patel

As Managing Principal and Chief Executive Officer, Jai oversees the overall operations of Vivid Capital and is responsible for its investment and capital markets activities. Jai develops the investment thesis for each project, including market research, historical performance benchmarking, proforma modeling, site acquisition and planning, and equity/debt financing. Moreover, he negotiates and structures all operating, management, and joint venture agreements. Jai also is responsible for evaluating and executing on any acquisition, refinancing, and disposition opportunities.

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Prior to founding Vivid Capital in 2020, Jai enjoyed over seven years at HVS, a world-renown hospitality consulting and valuation firm. He co-founded the Nashville office of the firm in 2014 and oversaw operations in the surrounding region. Over the course of his career, Jai has underwritten over 250+ existing and proposed hotel and mixed-use projects, worth in excess of $10 billion, highlighted by the Proposed Four Seasons Nashville, Proposed The Joseph Nashville, Proposed Virgin Hotel Nashville, Proposed Bobby Nashville, Proposed InterContinental Indianapolis, and the Turnberry Isles Resort expansion. Earlier in his career, he worked as an award-winning general manager with a Country Inn & Suites by Radisson, in which he was recognized as one of the “Business Leaders of the Year for 2012” in Nashville by Business Leader Magazine.

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Jai also co-founded the Middle Tennessee Hotel Association in 2016 and formerly served as an executive board member. Moreover, he is regularly published for highlighting key hotel industry and market-specific trends in publications such as Lodging Magazine, Hotel News Now, and Invest: Nashville. Jai holds dual Bachelor's degrees in Finance and Enterprise Management from The University of Tennessee, continues to pursue his MAI designation, and is licensed as a State Certified General Real Estate Appraiser in five states.