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Note: Reference image from typical Double Tree hotel.

Hotel Ava (Conversion to Double Tree by Hilton)

800 Garden Street, Laredo, Texas 78040

Closing Date

02/28/2023

Total Equity

$10,000,000.00

Avg.Annual Cash Yield (Pre-Renovation)

5.0%+

Avg.Annual Cash Yield (Post Renovation)

20.0%+

Minimum Investment

$50,000

Target Equity Multiple

2.87x

The Project is a proposed acquisition of a 204 room, 14-story, 128,154 square feet Hotel Ava located on a 1.26 acre site at 800 Garden Street, Laredo, Texas 78040. This property will require a renovation period that is over an approximate 12 to 18 month timeline. The property will target both extended and non-extended stay corporate and leisure travelers in the Southern Texas region – a city on the Mexican border.

Investors will become limited partners in the Partnership. The General Partner will be Shreem Partners, LLC, a Texas limited liability company.

Hotel Ava is positioned just 2 miles from the Mexico/USA border on major highway I-35 being one of the closest hotel accommodation to the four international bridges and is only 5 miles from the Laredo International Airport which connects to major cities such as Dallas, Houston, and Las Vegas with daily flights.

Raised

0%

Glo by Best Western

Desoto, Texas

Closing Date

05/31/2022

Total Equity

$500.0M

Target IRR

18%

Avg.Annual
Cash Yield

18%

Avg.Annual
Cash Yield

18%

Target Equity Multiple

1.8x

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Raised

0%

As the Founder and Managing Principal, Bhavin is responsible for all aspects of the acquisition, development, and management process and is extremely hands-on in all strategic decisions on a daily basis. He has well-rounded experience in finance, entrepreneurship, and hospitality real estate from a nascent age of merely eight years.

He began assisting his parents in their pursuit of the American dream when he was eight years old. Working in housekeeping, maintenance, and front office operations with his parents helped him develop the skills needed to succeed in any professional endeavor in life. He learned that success does not come easily to anyone who achieves it – it is an emotionally draining journey filled with pain, struggles, and mistakes that one must face in order to push the boundaries of success.

Bhavin considers himself fortunate to have gone through this process early in his life, as it laid the groundwork for his continued success with Shreem Capital.

In 2014, Bhavin graduated in Finance from the Texas A&M University in College Station, Texas. Go Aggies! He then began his career with an internship with Wells Fargo’s Corporate Banking division in Dallas before joining Naya Ventures, a Venture Capital fund focused on early-stage investments in mobile, cloud, and big data arenas where his role was to source, execute and manage the investments while working closely with founders to scale their businesses.
In his role at Naya Ventures and working for Dayakar Puskoor, a veteran entrepreneur turned Venture Capitalist, Bhavin learned the process to scale a business while helping to manage and deploy raised capital.
This helped shape Shreem Capital in 2017 as Dayakar Puskoor, Jiger Patel, and Bhavin Patel came together to drive value for friends and family who were seeking to diversify into hospitality real estate with stable passive income. Since its formation in 2017, Bhavin has played a pivotal role in growing the hotel portfolio and exceeding the expected returns for investors by driving a targeted acquisition and development strategy in a patient manner.