Hotels developed, acquired and held for the long term.
Akshar REI develops and acquires select-service and mid-scale hotels in California’s secondary markets, under IHG and Marriott flags, with operations handled by our affiliated hospitality management partner.
Fairfield Santa Maria
Fairfield Hollister
Fairfield Santa Cruz
Four Points Scotts Valley
Holiday Inn Express Chico
Holiday Inn Express Hollister
Track record
2011
Year Akshar REI Inc. was founded
40+ yrs
Hotel development experience at Lotus Hotels, our strategic partner
$235M+
Stated portfolio value across developments to date
IHG · Marriott
Franchise systems across six California properties
Markets served: Santa Maria, Hollister, Santa Cruz, Scotts Valley and Chico, California. Past projects are described for background only and are not indicative of the results of any future project.
Where we are focused now
One ground-up development on the Central Coast, and an acquisition strategy aimed at assets the last rate cycle left mispriced.
In development
Holiday Inn Express & Suites, Santa Maria
A four-storey, 93-room select-service hotel proposed for Santa Maria on California’s Central Coast, a market Akshar REI already operates in. The project is in the development phase and has been covered by regional media.
Acquisition strategy
Distressed mid-scale and select-service hotels
A $100 million strategy focused on acquiring distressed mid-scale and select-service hotel properties trading below replacement cost, then stabilising them through repositioning and disciplined asset management.
What we do
Six capabilities, carried out in-house and through our affiliated hospitality management company, from site selection through to daily operations.
Hotel development
Ground-up development of franchised and independent hotels, from site selection and entitlement through construction and opening.
Hotel acquisitions
Sourcing and underwriting existing hotels in target markets, with diligence, business planning, financing and closing handled end to end.
Distressed and value-add
Repositioning assets available below replacement cost after the rate-driven correction in real estate values, where the basis supports the work.
Asset management
Oversight of performance, capital planning and brand-standard compliance across the portfolio, on a long-term hold basis.
Operational improvement
Day-to-day management through an affiliated hospitality management company with established operating systems and reporting.
Brand relationships
Franchise relationships with IHG and Marriott that shape which markets and product types we pursue, and how assets are positioned.
About Akshar REI
Founded in 2011 and based in Templeton, California, working in strategic partnership with Lotus Hotels.
Akshar REI Inc. develops and acquires hotels in California’s secondary markets. Our approach combines engineering discipline with market research: sites are selected on data rather than sentiment, development is overseen with the rigour applied to any engineering project, and completed hotels are managed by an affiliated hospitality management company rather than handed to a third party.
We look for premium limited-service hotels in secondary markets, where careful underwriting and local knowledge matter more than scale.
The perspective is long-term. Private real estate has historically not moved in step with public equities, and hotels in particular reward operators who hold through cycles rather than trade around them. We underwrite accordingly.
Capital-raising activity is conducted privately under SEC Rule 506(b). Detailed materials are made available to investors with whom we have an existing relationship.
Leadership
JP Patel
President
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Why Akshar REI
Four things that shape how every project is underwritten, built and run.
Research before capital
Market selection is driven by data and comparable performance, not by broker relationships or a mandate to deploy.
Engineering-based oversight
Scope, cost and schedule are held to construction-industry standards rather than to the assumptions in a pitch deck.
An operator, not just a sponsor
Hotels are run by an affiliated management company, so responsibility for performance sits with the team that underwrote the deal.
Four decades of partnership
Our work sits alongside Lotus Hotels, whose hotel development history spans more than forty years and multiple market cycles.
Information for prospective investors
Detailed project and fund materials are held privately rather than published here. Complete the short investor information form and we will follow up to arrange access for investors with whom Akshar REI has an existing relationship and who confirm their eligibility.
This website is provided for informational purposes only. It is not an offer to sell, or a solicitation of an offer to buy, any security.
What the data room contains
Real Estate Investor Information Form
Tell us what you are looking for. We review every submission and follow up directly to arrange data room access. Submitting the form places you under no obligation.
Your details
Ready to look at the detail?
Project documentation, underwriting and current pipeline are available to investors we work with. Start with the form above, or contact us directly.
Legal and disclosures
The information on this website is provided for general informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any security, nor does it constitute investment, legal, tax or accounting advice. Any offering of securities by Akshar REI Inc. or its affiliates is made only to persons with whom a substantive pre-existing relationship exists, in reliance on the exemption provided by Rule 506(b) of Regulation D under the Securities Act of 1933, and solely by means of definitive offering documents that describe the material terms and risks of the investment.
Real estate investments involve substantial risk, including the possible loss of the entire amount invested, and are illiquid. Descriptions of prior projects reflect the experience of Akshar REI Inc. and its partners and are not indicative of the results of any current or future project. Statements about strategy, markets or plans are forward-looking and subject to change. Brand names referenced on this page belong to their respective owners; their use identifies the franchise systems under which properties operate and does not imply endorsement.