From Refugees to Becoming Industry Leaders | The Rise of the Patel Community | Owning over 70% of Motels Industry in the U.S.
From Refugees to Becoming Industry Leaders | The Rise of the Patel Community | Owning over 70% of Motels Industry in the U.S. Introduction : "The Dhandho Investor" by Renowned investor and author Mohnish Pabrai: Renowned investor and author Mohnish Pabrai, often called the “Indian Warren Buffett,” recently shared his insights into the extraordinary success of the Patel community in the U.S. motel industry during an interview on MOI Global’s “meet the author” forum. His observations highlight key factors that have enabled the Patels to dominate this sector. BEST IPAD TO READ BOOKS NEWS The Early Journey of the Patels: The story of the Patels' dominance in the motel industry begins in the 1970s when they arrived in the United States as refugees, having been expelled from East African countries like Uganda. Initially, they entered the low-end motel market, establishing a foothold that would grow significantly over the years. Expanding Market Share: Over the pa...
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