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Alena Hospitality, Llc Acquires Former Orlando Vista Hotel In Lake Buena Vista
Investors Plan to Renovate and Convert the Property to a Crowne Plaza
“This property boasts an ideal location and sound infrastructure,”
Alena Hospitality is currently looking for distressed hotel assets within the Southeastern United States, with a primary focus in Florida. “We are a well-capitalized organization with the ability to make quick decisions and make cash acquisitions,”
About Nik Patel and Alena Hospitality, LLC:
Nik Patel is the CEO of Alena Hospitality, LLC which he founded in 2012. Within six months, Alena had acquired more than 700 hotel rooms exceeding $50 million. Mr. Patel has a unique level of experience as he worked for both Marriott Hotels International and Wyndham Hotels following seven years in the banking and financial services industry. He is still currently involved in the financial services industry as well as CEO of Alena Hospitality. Mr. Patel leads all acquisition efforts, franchise negotiations and renovation design planning. Mr. Patel also is a part owner of the Memphis Grizzlies NBA team. In early 2013, the Alena Hospitality Trust was formed and capitalized by Nik Patel, as well as institutional investors, for the purpose of purchasing more than $150 million in additional hotel real estate assets in 2013.