Managing Directors Nik Bhakta & Sanjay Patel talk about the future of Chalak Mitra Group of Companies real-estate investing
Managing Directors Nik Bhakta & Sanjay Patel talk about the future of Chalak Mitra Group of Companies real-estate investing.
- Dallas, TX (1888PressRelease) August 25, 2016 - Nik Bhakta and Sanjay Patel, both managing directors of the Chalak Mitra Group of Companies, recently outlined their future for the company. The first goal of the group is to expand outside of the restaurant market and obtain new properties in a variety of other markets.
"The restaurant industry is a competitive one and a passion for food and beverage alone is not enough to ensure success. As Chalak Mitra Group expands, our real estate portfolio is continually refined and improved upon to ensure we are making the best investments possible," said Nik Bhakta.
The group is looking into purchasing more hotels to add to their portfolio that already includes investments in South Africa's Hampshire Hotels and, more locally, the Homewood Suites by Hilton in Dallas, TX.
"We invest in areas where we have existing brands but also look at second tier markets, emerging markets, and growing cities," said Sanjay Patel.
Demographics is playing a key role in their searching for more properties. The group wants to make sure that the location for investment is one that will respond to the addition of a restaurant or other type of property. They desire that the neighborhood will provide a constant stream of traffic for it to be considered an ideal location.
Location is also a vital element in future expansion plans. Chalak Mitra Group wants locations with easy access to and from highways along with prominent signage that would reduce marketing costs.
Patel added, "We want to find locations with street visibility, signage, and parking to attract customers. Regardless of the type of restaurant we're opening, the location can be the single factor that contributes to its success."
As part of their expansion plans, the group is looking to invest upwards of 20 million dollars in the next few years in property that features long-term value and great equity.
"We want to invest in real estate for our continued growth paths for our restaurant brands, as well as look in to entertainment and hospitality brands, and continue to diversify," said Bhakta.
About Chalak Mitra Group of Companies:
Chalak Mitra Group of Companies is a private equity firm aiming to become a global, well-diversified billion-dollar company. Focused on an investor-first mindset, teamwork, passion, perseverance, innovation, integrity, discipline and a multi- strategy investment approach, the Chalak Mitra Group of Companies' mission is to strategically diversify and enhance company growth by providing capital and though a superior management team.
To learn more about the Chalak Mitra Group of Companies please visit: http://www.chalakmitragroup.org
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam