Mehulkumar Bhikhubhai Patel net worth and biography

Mehulkumar Patel Biography and Net Worth

Mr. Patel joined the Board in January 2022 upon the substantial completion of the Company’s acquisition of a 27-property portfolio from NewcrestImage. He has been a Managing Partner of privately-owned NewcrestImage since the Dallas-based firm was formed in early 2013 to harness the unique skills and synergies of Newcrest Management and Image Hospitality. From 2013 to 2014, Mr. Patel served as the youngest chairman in the history of the Asian American Hotel Owners Association (AAHOA). He continues to be actively involved in hotel industry leadership roles, serving on the brand councils of, Hyatt Place and Hyatt House for Hyatt Hotels Corporation, and Hampton Inn & Suites for Hilton Worldwide. Currently, he is an owner and serves on the Board of Directors of American Bank, a community bank located in North Dallas. Mr. Patel has previously served on the La Quinta Brand Council and the IHG Owners Association. Born in India, he immigrated to the United States at age 14 and went on to earn a degree in computer information systems at the University of Texas at Arlington.

What is Mehulkumar Bhikhubhai Patel's net worth?: The estimated net worth of Mehulkumar Bhikhubhai Patel is at least $1.92 million as of January 5th, 2026. Patel owns 444,295 shares of Summit Hotel Properties stock worth more than $1,917,133 as of March 24th. This net worth approximation does not reflect any other assets that Patel may own. Learn More about Mehulkumar Bhikhubhai Patel's net worth.
How do I contact Mehulkumar Bhikhubhai Patel?: The corporate mailing address for Patel and other Summit Hotel Properties executives is 13215 Bee Cave Parkway SuiteB-300, Austin TX, 78738. Summit Hotel Properties can also be reached via phone at (512) 538-2300 and via email at [email protected]. Learn More on Mehulkumar Bhikhubhai Patel's contact information.
Has Mehulkumar Bhikhubhai Patel been buying or selling shares of Summit Hotel Properties?: During the last quarter, Mehulkumar Bhikhubhai Patel has sold $121,000.00 of Summit Hotel Properties stock. Most recently, Mehulkumar Bhikhubhai Patel sold 25,000 shares of the business's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $4.84, for a transaction totalling $121,000.00. Following the completion of the sale, the director now directly owns 444,295 shares of the company's stock, valued at $2,150,387.80. Learn More on Mehulkumar Bhikhubhai Patel's trading history.
Who are Summit Hotel Properties' active insiders?: Summit Hotel Properties' insider roster includes Craig Aniszewski (COO), Daniel Hansen (Chairman), Mehulkumar Patel (Director), and Thomas Storey (Director). Learn More on Summit Hotel Properties' active insiders.
Are insiders buying or selling shares of Summit Hotel Properties?: During the last twelve months, Summit Hotel Properties insiders bought shares 1 times. They purchased a total of 16,270 shares worth more than $75,167.40. During the last twelve months, insiders at the real estate investment trust sold shares 2 times. They sold a total of 35,000 shares worth more than $172,200.00. The most recent insider tranaction occured on January, 5th when Director Mehulkumar Bhikhubhai Patel sold 25,000 shares worth more than $121,000.00. Insiders at Summit Hotel Properties own 3.4% of the company. Learn More about insider trades at Summit Hotel Properties.
Information on this page was last updated on 1/5/2026.

Mehulkumar Bhikhubhai Patel Insider Trading History at Summit Hotel Properties

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
1/5/2026	Sell	25,000	$4.84	$121,000.00	444,295
12/18/2025	Sell	10,000	$5.12	$51,200.00	469,295
11/23/2022	Sell	3,000	$8.41	$25,230.00	11,899

Mehulkumar Bhikhubhai Patel Buying and Selling Activity at Summit Hotel Properties

Summit Hotel Properties Company Overview

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded lodging properties with efficient operating models primarily in the upscale segment of the lodging industry. As of November 1, 2023, the Company's portfolio consisted of 101 assets, 57 of which are wholly owned, with a total of 15,035 guestrooms located in 24 states.

Today's Range

Now: $4.32

$4.27

$4.41

50 Day Range

MA: $4.47

$4.03

$4.85

2 Week Range

Now: $4.32

$3.57

$6.00

Volume

1,379,114 shs

Average Volume

1,380,116 shs

Market Capitalization

$469.47 million

P/E Ratio

N/A

Dividend Yield

7.67%

Beta

1.24