Jay Patel, a former Goldman Sachs investment banker, shares the operational and strategic advantages that his family office holds over traditional private equity. He details the creative, "street smart" tactics his family has used to build a generational empire of over 140 hotels, from flipping multi-million dollar hotel contracts to acquiring and revitalizing a national brand from Blackstone. Listeners will learn the specific deal structures, risk mitigation strategies, and core values that allow his family office to thrive in the competitive hospitality industry.Chapters:0:01 The Secret to Winning Isn't Hard Work1:08 Family Office vs. Private Equity: The Key Differences5:14 Investment Horizon, Capital Structure, and Risk Tolerance8:40 The Operational Edge of a Family Office10:25 The Dynamics of Working with Family13:09 Core Values: Hard Work and Education16:12 Jay's Story: From an Immigrant Family to Wall Street19:56 From "Wall Street" the Movie to a Career at GE25:21 Working 100-Hour Weeks at Goldman Sachs29:22 Competitive Edge: Why We Dominate the Hotel Market33:17 The Four-Story Interior Corridor Box: Our Ideal Investment38:37 The Immigrant Mentality in the Hotel Business42:05 How to Flip a Multi-Million Dollar Hotel Contract47:23 Street Smarts vs. Book Smarts in Business51:23 "Always Outsmart Someone, Never Screw Someone"53:56 How We Outsmarted Blackstone to Acquire a Hotel Brand1:00:52 Breakdown of a Creative Deal That Netted a $15M Profit