Dear Partners and Friends,
It gives me great pleasure to present to you the Corporate Brochure of the Navika Group of Companies.
Navika was founded in 2005 with a vision to invest in premier commercial real estate and hospitality assets. The group currently owns premier properties in diversified geographical locations, with a mix of Limited & Select service Hotels, Office Buildings, Shopping Centers, Multi-family housing & a Golf Course. Envisaging greater asset growth and profitability from investments in the hospitality sector, the Group strategically changed direction and has decided to focus more on investments in upscale hospitality assets.
When our Company was founded, our goal was to create an organization and environment with a vision to concentrate on the things that matter – meeting the financial expectations of partners, operating hotels with an emphasis on unparalleled guest service, driving revenue and building a professional team. In the short time that the Navika Group has been in business, we have built real value for our partners and team members. We have built a culture with a team spirit while building our professional careers.
With our strategic focus and our valuable partners, we are able to implement and accomplish what really works for each hotel. Be it selecting and negotiating with the right brand partners, hiring and empowering talented professionals or providing expert support when needed to our hotels, we strive to be a “truly different” hospitality company. Our particular size and vision has created an environment that allows successful hotel teams to concentrate on the things that matter:. I believe that the values of the Navika Group are threefold –
- An aggressive and proactive management style, expressed with sensitivity and integrity in all we do.
- A commitment to the highest professional standards, yet conducted in a family atmosphere.
- An intense desire to compete and win, balanced with respect and understanding for all stakeholders.
When I look at our company, I see a well-established organization made up of what I believe to be the best group of professionals in the business. I see individuals who, not content to rest on past accomplishments, constantly challenge themselves and their colleagues to find innovative ways to create value, increase efficiency and provide the highest level of service to our guests and partners.
We are committed to upholding the Navika standard and our guiding principles that help us achieve it. With the best practices of our organization and the best efforts of all our employees, we continually strive to be the premier commercial real estate & hospitality company in business.
We continue to think entrepreneurially so that we can take advantage of opportunities available in the industry to meet our fiscal priorities and extend our resources to help our partners and businesses achieve theirs.
Like any business, we have our challenges and concerns. Growth of performing assets and requisite capital concerns are matters that we’ve anticipated and planned for. We are looking to do more than hold our own however; we are working to make the Navika Group the country’s preeminent hospitality enterprise.
I am excited about the opportunities that lie before us. The Americas region has now passed the Asia Pacific as the most highly rated region for hotel investment. Hotel operating fundamentals across the Americas have exhibited a steady and increasing rate of growth. There is significant demand among private equity funds, real estate investment trusts, institutional investors and off-shore investors to make investments in hospitality assets.
We have plans to expand our reach and continue to invest in Upscale Hospitality Assets in the future. We are seeking out opportunities, partners and places where we can make an impact. We look forward to further strengthening our business relationships, both with our partners and our team of dedicated employees. Together, with our best efforts put forth, we hope to see our company accelerate profitability and asset growth in the coming years.
Naveen C. Shah
President & Chief Executive Officer
Navika Group of Companies