AVANA’s Sundip Patel talks about his move to provide credit in emerging middle-class markets that have strong hotel pipelines.
GLENDALE, Arizona – An American-based East Indian lender is heading to India to expand his private credit platform, starting with a $25 million commitment and within three years plans to add a more institutionally driven and specialized hospitality real estate finance program.
Glendale, Arizona-based AVANA, led by CEO Sundip Patel, has secured regulatory approval from the Reserve Bank of India to begin financing hospitality projects in India. While most might imagine the process being cumbersome, Patel said it was pretty straight-forward with rules and regulations well published in English. Start to finish it took about 14 months to complete.
He told Hotel Investment Today he will start small with hospitality support items anywhere in the supply chain, ranging from $100,000 to $350,000. As Patel grows the team and likely at the three-year mark, he expects to start property-type lending.
Read the full press release: https://www.hotelinvestmenttoday.com/Financials/Financing/US-lender-heads-to-India-beyond
This article was originally published on hotelinvestmenttoday.com. Accessed on Aug 28, 2025.
