GaddeLP

GaddeLP

Our Portfolio

The Gaddelp Portfolio

Discover the diverse range of properties owned and operated by GaddeLP, each representing a commitment to excellence and high-yield investments.

Holiday Inn

No. of Rooms:141
Asset Type: Full-Service Hotel
Year Acquired: 2016

Budd Lake, NJ
1000 International Drive, Budd Lake, NJ 07828

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Hampton Inn

No. of Rooms: 76
Asset Type: Limited-Service Hotel Year Acquired: 2015

Heath, OH
1008 Hebron Road, Heath, OH 43056

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Courtyard by Marriott

No. of Rooms: 78
Asset Type: Limited-Sevice Hotel
Year Acquired: 2016

Florence, KY
46 Cavalier Blvd, Florence KY 41042

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Industrial Manufacturing Plant

Square Feet: 270,000
Asset Type: Industrial
Year Acquired: 2019
Year Sold: 2021

Navasota, TX
9601 Industrial Drive, Navasota, TX

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Holiday Inn

Budd Lake, NJ
1000 International Drive, Budd Lake, NJ 07828

No. of Rooms: 141
Asset Type: Full-Service Hotel
Year Acquired: 2016

This 141-room hotel in ‘wedding country’ of New Jersey features a full-service restaurant and plays host to weddings for most of the year. A quick trip across the border from New York, most guests arrive at the Holiday Inn to get away from the busy city life to relax and unwind.

Hampton Inn

Heath, OH
1008 Hebron Road, Heath, OH 43056

No. of Rooms: 76
Asset Type: Limited-Service Hotel
Year Acquired: 2015

A 76-room hotel in one of the fastest growing markets in Ohio, this Hampton Inn performs above its competitive set in all metrics. Featuring upgraded guest amenities and meeting spaces, guests are usually professionals in town to visit one of the many Fortune 1000 companies doing business in the area. Located near the new INTEL $20BN Chip Plant.

Courtyard by Marriott

Florence, KY
46 Cavalier Blvd, Florence KY 41042

No. of Rooms: 78
Asset Type: Limited-Sevice Hotel
Year Acquired: 2016

Come reinvent yourself at the Courtyard by Marriott Cincinnati Airport South. Our new state-of-the-art lobby and newly renovated rooms at the Courtyard Cincinnati Airport South/Florence provides greater flexibility and choices for our guests. This Airport hotel features our new lobby with inviting, flexible spaces to work or relax in, free Wi-Fi throughout and easy access to the latest news, weather and airport conditions via our GoBoard™. The highlight of our new lobby experience is The Bistro – Eat. Drink. Connect.™which provides guests with healthy food and beverage offerings in the morning and evening dinner service with cocktails. Conveniently located close to Great American Ballpark, Paul Brown Stadium, Newport Aquarium, Bank of Kentucky Arena and The Kentucky Speedway, Creation Museum, Florence Freedom Park, BB Riverboats, Newport on the Levee where you can Ride The Duck, Cincinnati Zoo and many other attractions

Industrial Manufacturing Plant

Navasota, TX
9601 Industrial Drive, Navasota, TX

Square Feet: 270,000
Asset Type: Industrial
Year Acquired: 2019
Year Sold: 2021

A non-core asset that provided incredible upside and returns for all involved this manufacturing plant was purchased well under replacement cost and then subsequently sold a few years later.

Le Luong

Chief of Staff

Le Luong serves as the Chief of Staff for the development team. With over 10 years of professional experience, Le has become a pivotal figure in strategic planning and project management within the industry.

As Chief of Staff, Le fills a vital role supporting the Leadership team across daily construction efforts and the long-term vision for GaddeLP. Her responsibilities include directing employees to ensure workstreams align with internal roadmaps and external deadlines to ensure the projects continue to progress smoothly. By strategically communicating with personnel across departments – from engineering to future hospitality staff – Le fosters productivity and accountability at large. Through coordinating employees and external staff, her responsibilities enable the Leadership Team to focus on high-level approvals and investor relations.

Being knowledgeable in the development process for multiple asset classes, Le provides end-to-end operational leadership to ensure work plans adhere to roadmaps so that construction progresses smoothly. She keeps the team updated with accurate dashboards so they can calibrate top priorities. Her diligent coordination and decisive management make her a right-hand advisor that the Leadership team relies on.

Her contributions in these areas have been vital in driving the company towards greater heights in the real estate industry. Beyond her expertise in real estate development, Le is recognized for her exceptional leadership and communication skills. Her leadership style is inclusive and results-oriented, which has significantly improved team morale and productivity.

Jason Dang

Chief Financial Officer

With over 15 years of progressive accounting experience, Jason Dang has established himself as an accomplished fiscal leader within the construction industry. He obtained his master’s in accounting in 2008 and received his Certified Public Accountant (CPA) license in July 2014. Jason leveraged his educational background and analytical capabilities to secure successive accounting roles with increasing authority.

Eager to apply his skills within the construction arena, Jason took on a pivotal position with Pulte Group in December 2014. As their National Financial Services Controller, he led financial reporting and analysis for domestic corporate offices and 15 Pulte homebuilding subsidiaries. His prudent management assisted the national homebuilder in navigating volatile housing markets during his tenure.

Seeking new challenges, Jason was recruited as a Region Assistant Controller for Meritage Homes in 2016. In this capacity, he headed financial accounting and oversight for 3 residential construction divisions. By streamlining internal processes and closely monitoring budgets, Jason’s leadership enabled the divisions to uphold profitable construction margins despite shifting market conditions.

Currently, Jason leverages his extensive industry experience as Chief Financial Officer for GaddeLP. In this executive role, he leads full-scale financial planning and accounting operations for the prominent real estate development. His responsibilities span budget management, cost tracking and variance analysis, cash flow projections, risk evaluation, and overseeing all fiscal workflows.

Vimyrka “Vim” Plaskett

Executive VP of Real Estate Development

Vimyrka “Vim” Plaskett, the Executive VP of Real Estate Development, is responsible for the leadership, planning, analysis, and development of real property assets on behalf of investor clients. Prior to joining the company, she worked for four years at leading CRE information provider CoStar, where she oversaw the research, analysis, and reporting of commercial and multifamily real estate activity in the Southeast and Midwest regions of the U.S. and Canada. Ms. Plaskett’s 28-year career has spanned the design and construction industry in various capacities—and with proven success in driving improvements and innovations in product, processes, and profitability.
At GaddeLP, Ms. Plaskett is responsible for overseeing the entire project lifecycle, from planning and design to execution and delivery. She leads a team of project managers, engineers, architects, contractors and consultants to ensure the successful completion of projects. She is adept at communicating with clients, stakeholders and senior management to establish clear objectives, scopes, schedules, and budgets. She is also responsible for monitoring and controlling the project’s performance, risks and issues, as well as for implementing best practices and standards.

Ms. Plaskett has volunteered for several of the AEC Cares community rehabilitation projects, working jointly with industry professionals building and improving homes and community centers in New Orleans, Washington, D.C., Denver, Chicago, and Atlanta. A certified LEED AP and Construction Document Technologist, Ms. Plaskett has a Master of Science degree in Building Construction and Facility Management and a Bachelor of Science in Architecture, both from Georgia Institute of Technology.

Vijay “Jay” Samtani

Chief Investment Officer

Jay Samtani is a distinguished figure in the realm of commercial real estate, boasting a remarkable 23-year trajectory marked by significant accomplishments and leadership roles. As the CIO, Jay’s extensive experience and strategic vision are poised to be instrumental in steering any project towards triumph. His tenure as the managing director of two nationally recognized commercial real estate brokerages, Sperry Van Ness, offices in Florida highlights his adeptness in leading high-stakes operations, further underscored by his successful oversight of acquisitions and dispositions for two multi-family offices, culminating in transactions exceeding $625 million.

Jay’s prowess extends beyond traditional real estate management; he is a seasoned entrepreneur with a proven track record of successfully capitalizing eight startups. His astute investment insights and business acumen have significantly contributed to his role in asset management, currently overseeing an impressive portfolio of over $500 million in hospitality and other commercial assets. This rich tapestry of experience ensures Jay’s capability to navigate the multifaceted challenges and opportunities inherent in managing the development of the proposed 95 luxury cabins, chalets and villas.

In the role of CIO, Jay Samtani is set to bring a wealth of knowledge, strategic insight, and a compassionate approach to leadership. His track record of success in commercial real estate, coupled with his entrepreneurial spirit and community involvement, positions him as a key driver for the successful build and operational execution of ground up and redevelopment projects. Investors can look forward to a partnership that not only promises financial growth but is also anchored in integrity and social responsibility.

Durga Prasad Gadde

Founder & CEO

Durga Prasad Gadde is a longtime expert in financial management, real-estate investment, and U.S. professional and investment visa process management. Mr. Gadde also founded and leads Lotus Hospitality Management, which owns and manages seven branded hospitality properties in the Southeast. In addition, Mr. Gadde owns HCL, a staffing company that since 2005 has worked with various Fortune 500 companies addressing their IT staffing needs, and recently expanded its services to cater to light and heavy industrial engineering companies.

Mr. Gadde is also the principal investor and developer of three EB-5 Projects. The EB-5 Program has been his go-to solution to build out his capital stacks for every single ground up real estate development he has in his portfolio. His previous EB-5 project experience started with the 222 Room AC Hotel by Marriott located at the Atlanta International Airport, where 100% of investors who have received an approved i-829 have been paid back in full. His second project, the Sheraton Hotel at Atlanta Airport, is currently under construction. His third project is Airabella, a $250 million rural mixed-use development featuring two Marriott autograph hotels, over 100 single family residences, 50 townhomes and an executive golf course. Mr. Gadde is an innovative developer and is focused on creating value for EB-5 Investors. Now with the foray into Rural EB-5 projects using EB-5 as the first lien lender, which is in the best interests of the EB-5 Investors. He is currently in the planning stages of another potential Rural EB-5 project which will feature a ground up development of a 90-room hotel in Ohio.

Before HCL and Lotus Hospitality, Mr. Gadde was an Area Manager at JP Management, LLC, where he led operations for 22 hotel properties, improving occupancy by 10% and net operating income by 6%. He has a master’s degree in electrical engineering from Acharya Nagarjuna University in Vijayawada, India.