What Sree Hotels, L.L.C. does

Sree Hotels, L.L.C. (SREE) is a privately-held hotel ownership, development, and management company founded in 1980 by Ravi and Chandra Patel and headquartered in Charlotte, North Carolina. The company operates a 24-property portfolio spanning North Carolina, South Carolina, and Ohio, with hotels franchised under 10 brands across three major systems: Marriott International (Courtyard, Residence Inn, SpringHill Suites, Aloft, TownePlace Suites), Hilton Worldwide (Embassy Suites, Hampton Inn, Homewood Suites, Hilton Garden Inn, Curio Collection by Hilton), and InterContinental Hotels Group. SREE manages the full real estate lifecycle — acquisition, repositioning, renovation, and ongoing operations — using an integrated development and management model that creates value for hotel investors and franchise partners.

SREE's revenue derives from room rentals, food and beverage operations across multiple on-site outlets (E'terie Bar & Grill, Driftwood Bar & Grill, 3 Eleven Bar, Press Room Lounge, Maverick's Restobar & Lounge), and meeting and event space rental. Distribution occurs primarily through direct hotel operations combined with the central reservation and loyalty infrastructure of its franchise partners (Marriott Bonvoy, Hilton Honors), supplemented by sree.com and a Friends & Family rate program offering 15% discounts. B2B customers include corporate groups and event planners — most notably the Men's Apparel Club of the Carolinas, which has hosted the Southern Clothing Market tradeshow at Embassy Suites Charlotte for over 20 years — while B2C demand comes from business and leisure travelers across the Charlotte, Raleigh-Durham, Cincinnati, Columbia, and Myrtle Beach markets.

The company remains family-owned and operated under second-generation Patel leadership: Parag Patel (CEO), Mital Patel (CFO), Vinay Patel (Principal and Head of External Affairs), and Chandra Patel (Vice Chairman), supported by a deep bench of regional directors and discipline-specific executives in purchasing, engineering, operations, revenue management, sales, and marketing. Notable recent activity includes the October 2025 opening of the renovated TownePlace Suites Charlotte LoSo Airport, the July 2021 entry into Cincinnati via the Courtyard Cincinnati Downtown in the historic Ingalls Building, and the 2020 LEED Gold certification of The Cincinnatian Hotel, which documented a 27% reduction in annual energy costs versus ASHRAE 90.1-2010 and a 35% reduction in water use relative to baseline.

Name

Sree Hotels, L.L.C.

Legal name

Sree Hotels, L.L.C.

Website

https://sree.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

251–500 employees

Short description

Sree Hotels is a family-owned hotel ownership, development, and management company operating 24 franchised properties across North Carolina, South Carolina, and Ohio under Marriott, Hilton, and IHG brands, serving business and leisure travelers plus corporate event organizers.

Ownership category

akta.pro rank

Product category

Hospitality Management

NAICS

Hotels (except Casino Hotels) and Motels (72111), Real Estate Property Managers (53131)

SIC

Hotels & Motels (7011), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industries

Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Hotel ownership management
• Hospitality development services
• Franchised hotel operations
• Extended stay accommodations
• Hotel asset repositioning

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Hotel Ownership and Management Fees: SREE Hotels generates revenue through owning and operating hotel assets under franchise agreements with premier hospitality brands (Marriott, Hilton, InterContinental Hotels Group). Revenue comes from hotel operations including room rentals, food and beverage (restaurants and bars within properties), and management fees. The company invests in hotel development, renovation, and repositioning to increase asset value and operational performance.
2. Hotel Development and Re-positioning: Through re-positioning, renovating, and reimagining hotel assets, SREE creates guest-focused travel experiences and increases value for investors. The company undertakes ground-up developments as well as acquisition and renovation of existing properties.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

SREE Hotels owns, develops, and manages a portfolio of 24 franchised hotel properties across North Carolina, South Carolina, and Ohio under premier brands including Marriott, Hilton, and InterContinental Hotels Group. The company provides fully integrated hotel development services (acquisition, repositioning, renovation, ground-up construction) and ongoing hotel management services including food and beverage operations at on-site restaurants and bars.

Product overview

SREE Hotels is a hospitality ownership and management company that operates a portfolio of 24 franchised hotel properties across North Carolina, South Carolina, and Ohio, with major brand partnerships including Marriott, Hilton, and InterContinental Hotels Group. The company provides fully integrated hotel development and management services, owning and operating properties under brands such as Courtyard, Residence Inn, SpringHill Suites, TownePlace Suites, and Aloft (Marriott brands), as well as Embassy Suites, Hampton Inn, Homewood Suites, Hilton Garden Inn, and Curio Collection by Hilton (Hilton brands). In addition to hotel operations, SREE Hotels operates food and beverage outlets including E'terie Bar & Grill, Driftwood Bar & Grill, 3 Eleven Bar, Press Room Lounge, and Maverick's Restobar & Lounge. The company was founded in 1980 by Ravi and Chandra Patel and is headquartered in Charlotte, NC.

Differentiator

Problem solved

Functional benefit

Products and services

• Aloft Charlotte City Center Boutique hotel in Uptown Charlotte featuring modern design and vibrant social spaces under Marriott's Aloft brand.
• SpringHill Suites Charlotte City Center All-suites hotel in Uptown Charlotte featuring spacious suites with separate living and sleeping areas, located across from Spectrum Center.
• Embassy Suites Charlotte All-suites hotel in Charlotte's Lower South End featuring 274 two-room suites and 13,000 square feet of meeting space with an open-air atrium, ideal for tradeshows.
• TownePlace Suites Charlotte LoSo Extended-stay hotel near Charlotte Airport offering spacious suites with full kitchens for longer-term stays.
• SpringHill Suites University Research Park All-suites hotel in Charlotte's University Research Park area catering to business travelers.
• Residence Inn Charlotte Piper Glen Extended-stay hotel in Charlotte's Piper Glen area with suites featuring full kitchens and pet-friendly accommodations.
• SpringHill Suites Charlotte Ballantyne All-suites hotel in Charlotte's Ballantyne area offering extended-stay accommodations.
• Courtyard Charlotte Matthews Hotel in Matthews, NC featuring modern amenities and meeting spaces for business and leisure travelers.
• Courtyard Concord Hotel in Concord, NC near Charlotte Motor Speedway and shopping destinations.
• Residence Inn Concord Extended-stay hotel in Concord, NC with suites featuring full kitchens for longer visits.
• SpringHill Suites Concord All-suites hotel in Concord, NC near Concord Mills and Charlotte Motor Speedway.
• Residence Inn Lake Norman Extended-stay hotel in Huntersville, NC near Lake Norman offering spacious suites.
• Courtyard Raleigh-Durham/Brier Creek Hotel in Raleigh, NC near Brier Creek shopping and RDU Airport.
• Residence Inn Raleigh-Durham/Brier Creek Extended-stay hotel in Raleigh, NC near Brier Creek and RDU Airport.
• Hilton Garden Inn Raleigh-Durham/RTP Hotel in Durham, NC near Research Triangle Park featuring business amenities and meeting space.
• SpringHill Suites Durham All-suites hotel in Durham, NC near Research Triangle Park and RDU Airport.
• Courtyard Columbia Downtown at USC Hotel in Columbia, SC near the University of South Carolina campus featuring historic charm and modern amenities.
• SpringHill Suites Columbia Downtown/The Vista All-suites hotel in Columbia, SC's Vista entertainment district.
• Residence Inn Myrtle Beach Oceanfront Oceanfront hotel in Myrtle Beach, SC with stunning Atlantic Ocean views and coastal dining.
• Hampton Inn Charlotte/Monroe Hotel in Monroe, NC serving the Charlotte metropolitan area with complimentary amenities.
• Courtyard Cincinnati Downtown Hotel in Cincinnati, OH located in the historic Ingalls Building, the world's first steel reinforced concrete skyscraper, featuring historic charm and modern amenities.
• The Cincinnatian Hotel, Curio Collection by Hilton Historic boutique hotel in Cincinnati, OH and LEED Gold certified property featuring upscale accommodations in a landmark building.
• Hampton Inn & Suites Cincinnati Downtown Hotel in Cincinnati, OH downtown featuring complimentary breakfast and modern amenities.
• Homewood Suites Cincinnati Downtown Extended-stay hotel in Cincinnati, OH downtown offering spacious suites with kitchens for longer-term stays.
• E'terie Bar & Grill Restaurant located in Embassy Suites Charlotte featuring contemporary cuisine and regional favorites with a lively dining atmosphere.
• Driftwood Bar & Grill Restaurant located in Residence Inn Myrtle Beach offering coastal favorites and cocktails overlooking the Atlantic Ocean.
• 3 Eleven Bar Bar located in SpringHill Suites Charlotte City Center, ideal for cocktails before concerts or dinner, or a nightcap.
• Press Room Lounge Lounge located in Hampton Inn Cincinnati Downtown featuring local craft beers and casual dining.
• Maverick's Restobar & Lounge Restaurant and lounge located in The Cincinnatian Hotel serving Cincinnati favorites in a casual atmosphere with small plates and cocktails. Open 7 days a week, 4 p.m. to 10 p.m.
• Hotel Development Services Fully integrated hotel development services including re-positioning, renovating, and reimagining hotel assets to create guest-focused travel experiences and increase investor value.
• Hotel Management Services Hotel management services ensuring sustainable financial growth and exceptional customer satisfaction through talented on-property team members and brand compliance.

Quantifiable outcome

• 46 years of leadership with consistent growth since founding in 1980
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Marriott InternationalcoreChannel Partner/ Reseller/ Distributor · 1 January 1980SREE Hotels has developed strong, lasting franchise partnerships with Marriott International spanning multiple decades. The relationship began with the development of the Fairfield Inn by Marriott Kannapolis in the mid-1990s. SREE currently operates numerous Marriott brands including Courtyard, Residence Inn, SpringHill Suites, Aloft, and TownePlace Suites across North Carolina, South Carolina, and Ohio.
• Hilton WorldwidecoreChannel Partner/ Reseller/ Distributor · 1 January 1980SREE Hotels maintains strong franchise partnerships with Hilton Worldwide, beginning with Hampton Inn Charlotte/Monroe in the mid-1990s. SREE operates Hilton brands including Embassy Suites, Hampton Inn & Suites, Homewood Suites, Hilton Garden Inn, and The Cincinnatian Hotel (Curio Collection by Hilton).
• InterContinental Hotels Group (IHG)coreChannel Partner/ Reseller/ Distributor · 1 January 1980SREE Hotels has established a franchise partnership with InterContinental Hotels Group (IHG), one of the world's leading hotel companies. This partnership is part of SREE's strategy to operate a diverse portfolio of branded properties.

Scale indicators7 records

Recent moves14 records

Expansion highlights5 records

Direct peers

• Concord Hospitality Enterprises Company: Family-influenced hotel ownership and management company operating franchised properties across the U.S. under Marriott, Hilton, IHG, and Hyatt brands. Closely comparable to SREE given its parallel model of owning/operating branded select-service and full-service hotels and generating revenue through franchise-driven operations.
• Pyramid Hotel Group: Third-party hotel management company running franchised assets under major brands. Comparable to SREE in operating model (third-party/franchise manager), target segments (select-service to upscale), and geographic spread across multiple U.S. regions.
• Hotel Equities Group: Hotel management, ownership, and consulting firm operating franchised hotels across multiple brands including Marriott, Hilton, and IHG. Directly comparable as a multi-brand franchise operator with similar revenue model combining management fees, owned-asset operations, and development services.
• McNeill Hotel Company: Hotel ownership and management firm operating franchised properties predominantly in the Eastern U.S. under Hilton and Marriott brands. Comparable in scale (mid-sized portfolio), brand mix (select-service to upscale), and integrated development-management model.
• Crestline Hotels & Resorts: Independent hotel management company operating franchised full-service, select-service, and extended-stay properties under major brands. Comparable third-party management model with major brand relationships similar to SREE's franchise structure.
• Driftwood Hospitality Management: Hotel management and ownership firm focused on franchised properties under major brands. Comparable integrated developer/operator model with branded assets, lifestyle/historic repositioning expertise, and revenue model tied to franchise-driven room revenue.

Broad incumbents

• Highgate Hotels: Large-scale hotel operator, owner, and investor managing franchised and independent properties across the U.S. under premium and lifestyle brands. Comparable franchise-operating model at substantially larger scale than SREE, providing context for SREE's mid-market positioning.
• Aimbridge Hospitality: Largest third-party hotel management company in North America operating franchised properties under virtually every major brand. Comparable in operating model and franchise-driven revenue but at materially larger scale than SREE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SREEHotelsLLC
• LinkedInlinkedin.com/company/16161329
• Instagraminstagram.com/sreehotels

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sree Hotels, L.L.C.