Printer Friendly

Kantilal Patel.

Central Arkansas Motel Owner

KANTILAL Patel took advantage of the recession in the early 1980s to make a dramatic career change.

He was an industrial engineer for eight years with oil related companies in Texas. The downturn in the oil industry forced him to look elsewhere for work.

With no previous lodging experience, he bought the Continental Inn in Conway. He increased occupancy by 38 percent.

With the skills and income he acquired with his first motel, Patel built Conway's Economy Inn in 1986. It had a positive cash flow from the first month.

In 1990, he built Conway's Comfort Inn, which had a positive cash flow after two months. He also owns the Budget Inn in Russellville and is one-fourth owner of the Diamond Inn in Little Rock.

He will begin construction on a Days Inn in Conway in November. When the Days Inn opens nextspring, he'll direct ownership of 307 units from his office in Conway.

Patel says his key to success is to hire well-qualified managers for each motel and oversee their work.

Born in India, the 45-year-old Patel immigrated to England at age 12. He came to the United States in 1969 to attend Lamar University in Beaumont, Texas, where he received a degree in industrial engineering in 1974.

He and his wife have two daughters and a son.
COPYRIGHT 1993 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Minorities in Leadership; Central Arkansas motel owner
Author:Smith, David (American novelist)
Publication:Arkansas Business
Date:Aug 16, 1993
Previous Article:Deborah Robinson.
Next Article:Ada Hollingsworth.

Related Articles
Profiles of success: minority leaders excel in professions from medicine to motel ownership.
Explaining the Patels. (Editor's Note).
Motel, restaurant moving in near Laurel Hill.
Inn transaction.
Owners submit plans to demolish motel.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters