Investment

Capital, deployed by the people who run the buildings.

Kriya is a family-owned hotel operator and investor in Dallas–Fort Worth. We partner with a small number of capital partners each year on Marriott and Hilton properties — buildings we underwrite, own, and operate ourselves.

Four Points by Sheraton Plano at twilight

Plate 01 · Plano, TX · Four Points by Sheraton

A letter, in short

Portrait of Paresh Patel
Paresh Patel
Portrait of Nina Chudasama
Nina Chudasama
Portrait of Raj Chudasama
Raj Chudasama

Plate 02 · The managing partners

We've been in hotels since 1981 — first as the front-desk-and-back-office family running a single property in Tonkawa, Oklahoma, and now as the operator and owner of six operating hotels across Dallas–Fort Worth, with a seventh under construction. The buildings have changed. The way we think about them has not.

We co-invest in every deal we bring to partners. We operate every property we own. And we underwrite for the next twenty years, not the next twenty months. Acquiring or developing hotels to flip them is not our strategy — we buy and build to hold.

That gives us a particular kind of patience. The work that creates returns in this business is unglamorous — staffing well, maintaining well, choosing the right submarket, holding through the soft years so you're positioned for the strong ones. It compounds quietly. It compounds for decades.

We open a small number of investments to outside partners each year. If you are considering a hotel investment in Dallas–Fort Worth and you want to be alongside the operator — not above them, not abstracted from them — we should talk.

Paresh Patel, Nina Chudasama & Raj Chudasama

Managing Partners · Kriya Management Group

Track record

Forty-five years. One market. Six hotels we run ourselves.

45
Years in hotels
Since 1981 · Kriya est. 2004
6
Hotels operating
Dallas–Fort Worth
1
Hotel under construction
Northlake, opening 2027
2
Brand families
Marriott + Hilton
100%
Owner-operated
Every hotel run in-house

The thesis

Why hotels, why now, why us.

I.

The operator's edge.

Most institutional capital invests through managers. We invest as the manager. Every dollar we underwrite is shaped by four decades of running the desk, the kitchen, and the P&L of the buildings we buy.

II.

Long-hold, not flip.

We acquire and develop hotels to hold and operate them — flipping assets is not our strategy. We underwrite for the next twenty years, not the next twenty months, and our partners share the compounding that comes from holding well-run buildings through cycles.

III.

Brand-aligned, not brand-dependent.

We operate inside Marriott and Hilton standards because the systems work — but we underwrite for the cycle, the submarket, and the building, not for flag prestige. The flag is a tool. The asset is the point.

How we work with partners

Four operating principles.

I.

We co-invest in every deal.

Every project we bring to partners is one we are in ourselves, alongside our own families. Aligned incentives are not a pitch — they are the structure.

II.

We underwrite through cycles.

Some of our best buildings were acquired or built in difficult markets — the post-2009 era among them — and rewarded the patience as conditions recovered. We size positions to be held, not exited.

III.

We operate what we own.

Returns come from running the hotel well, not from financial engineering. Every property in this portfolio is staffed, managed, and stewarded by Kriya — the same family that signed the loan.

IV.

We report transparently.

Partners receive full performance, distributions, K-1s, and project documents through our AppFolio investor portal — the same system we use internally. The reporting is a habit of the business, not a quarterly exercise.

Investor portal

Current Kriya investor partners can access statements, distributions, and documents through our AppFolio investor portal.

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From the desk

What we've been building.

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We work with a small number of capital partners each year.

If you're considering a hotel investment in Dallas–Fort Worth, we should talk.