Aashay Patel
President · Sycamore Investment Group (Sycamore Investments)
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- Title
- President
- Firm
- Sycamore Investment Group (Sycamore Investments)
- Firm Type
- Hospitality Investment / Hotel Development & Operations
- Investment Stage
- Hotel Development, Acquisition & Management
- Location
- Johns Creek, Georgia
- Investment Focus
- Premier hotel brands (Hilton, Marriott, IHG)
- Geographic Focus
- Southeast United States (South Carolina, Florida, Georgia)
- Portfolio
- 11+ hotel properties across multiple states
Background
Aashay Patel is the President of Sycamore Investment Group, a fast-growing hospitality investment company based in Johns Creek, Georgia. He graduated from the University of South Carolina in 1997 with a Bachelor's degree in Management Information Systems and immediately joined Sycamore Investment Group upon graduation, marking the beginning of a nearly three-decade career in hospitality investment and hotel operations.
Patel began his career in hotel operations as General Manager of the Radisson Inn Florence, South Carolina, where he quickly demonstrated his leadership abilities by guiding the property to achieve back-to-back President's Awards in 1998 and 1999—the highest recognition available through Carlson Hotels at the time. These early achievements established his reputation for operational excellence in the hospitality industry.
In 2000, Patel led a critical strategic reassessment of Sycamore's portfolio and spearheaded a shift in the company's direction that would define its future growth trajectory. Under his leadership as President, the company pivoted toward developing and operating high-end branded hotel properties in partnership with premier hospitality brands including Hilton, Marriott, and IHG (InterContinental Hotels Group). He has personally overseen the development of multiple award-winning hotel properties while actively expanding the portfolio throughout the Southeast region.
In 2024, Patel was recognized as Franchisee of the Year by Choice Hotels International, honoring his contributions to the hospitality industry. Additionally, his leadership at Sycamore Investment Group has been characterized by a strong commitment to community service, with the company's leadership team collectively logging nearly 1,000 hours of community service annually.
Patel resides in Johns Creek, Georgia with his wife and twin boys. In his spare time, he enjoys traveling to explore new destinations around the world and playing golf.
Investment Thesis & Focus
Sycamore Investment Group's investment strategy, directed by Aashay Patel, focuses on developing, owning, and operating premier hotel brands throughout the Southeast United States. The company's approach centers on strategic partnerships with established, high-quality hospitality brands that deliver consistent guest experiences and strong financial performance.
Key Investment Criteria:
Patel maintains hands-on involvement in all facets of hotel operations including development, construction, design, management, and contract negotiations. He leads by example and emphasizes a guest-centered approach across all Sycamore properties. The company's tagline honors the historical tradition of sycamore trees as places of rest for travelers, reflecting their commitment to delivering outstanding experiences to every guest.
- Brand Partnerships: Focuses exclusively on upper-midscale to upscale hotel brands, primarily Hilton (Hampton Inn, Home2 Suites, TRU by Hilton, Hilton Garden Inn, TownePlace Suites) and IHG (Holiday Inn Express & Suites). The company directs growth efforts toward high-end brand partnerships with Hilton and Marriott specifically.
- Geographic Strategy: Concentrates investments in growing markets across the Southeast, with particular strength in South Carolina (Aiken, Greenville, Columbia), Florida (Orlando, Viera), and Georgia.
- Development Focus: Emphasizes ground-up development and new construction of branded hotels in strategic locations with strong demand fundamentals.
- Operational Philosophy: Guest satisfaction is prioritized over rigid policy, with a belief that proactive service and immediate issue resolution drive long-term success. Patel describes his leadership strengths as "knowing how to lead through good and bad times with an excellent feel for numbers and accounting and how to get difficult deals done" that other hoteliers might avoid.
Notable Investments & Portfolio
- Hampton Inn Greer – Greenville, SC
- Home2 Suites – Viera, FL
- Fairfield Inn & Suites – Viera, FL
- TRU by Hilton Harbison – Columbia, SC
- Hampton Inn & Suites – Orlando Sea World, FL
- Home2 Suites – Greenville, SC (Downtown)
- TownePlace Suites – Aiken, SC
- Hampton Inn – Aiken, SC
- Hampton Inn & Suites – Orlando, FL
- Hilton Garden Inn – Aiken, SC
- Holiday Inn Express & Suites – Greenville, SC
- Successfully guided Radisson Inn Florence to back-to-back President's Awards (1998-1999)
- Named 2024 Franchisee of the Year by Choice Hotels International
- Developed multiple award-winning hotel properties across the Southeast
- Registered agent for Sycamore Aiken LLC, involved in property development activities in the Aiken, SC market
- Annual Revenue: Approximately $7 million (2026)
- Headquarters: 7875 Georgetown Circle, Johns Creek, GA 30024
- Team: Executive leadership including CEO Yatish Patel (B.B.A. Finance, University of South Carolina; SC Hotelier of the Year), President Aashay Patel, VP of Operations Neetu Patel, and regional directors
- Future Projects: Additional Sycamore hotel projects in development (specifics not disclosed)
Important Note
Aashay Patel is a hospitality investment professional specializing in hotel development and operations, NOT a traditional angel investor or venture capital investor focused on startup technology companies. His investment activities center exclusively on the acquisition, development, ownership, and operation of branded hotel properties. While the source data categorized him as an "Angel Investor," this classification appears to be inaccurate based on comprehensive research. Patel's expertise and investment focus are entirely within the hospitality real estate and hotel operations sectors.
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