Riverbend Development Group

Built on Conviction.
Backed by Experience.

A Texas-based developer with 25 years of skin in the game — from site selection and financing to construction and operations. We build what we know, because we've operated everything we've built.

$45M+
Hospitality & Commercial Assets Developed
$80M
Active Development Pipeline
8
Hotel Projects as Principal
25+
Years in Business

Who We Are

Developers with an operator's mindset.

Riverbend Development Group was founded by Anand "Andy" Patel, a commercial real estate developer with over two decades of experience taking projects from concept to certificate of occupancy — and beyond.

Unlike purely financial developers, we have operated every type of business we build. That ground-level experience shapes every site selection, brand decision, and capital structure we put together.

Our current pipeline includes five new hotel developments across North Texas, with a combined project value exceeding $80 million.

🏗️

Development

Site acquisition, entitlements, brand negotiations, financing, and construction oversight from ground-up.

🏨

Hospitality

Deep relationships with IHG, Hilton, and Marriott. Franchise-approved across multiple limited-service and extended-stay brands.

📊

Operations

We've owned and operated hotels, gas stations, retail, and commercial properties — we understand what makes assets perform.

💼

Capital Structuring

Experience with construction loans, SBA financing, and equity partnerships. We know how deals get done.

📐

Construction

Backed by preferred construction partner J.D. Design & Developers, with 20+ completed hotel builds across Texas and Oklahoma.

🤝

Asset Management

Post-opening revenue management and operational oversight through our hospitality management network.

Featured Projects

Current & Recent Work

Active Development

Staybridge Suites by IHG

Mansfield, TX

$18.5M
Active Development

Holiday Inn Express & Suites

Paris, TX

$16.5M
Owned & Operating

Courtyard by Marriott

Midlothian, TX

$18M

About Us

Built from experience.
Driven by results.

AP

Anand R. Patel

Principal

LinkedIn Profile
Education
MBA — West Texas A&M University (AACSB)
Education
BS Industrial Engineering — UT Arlington (ABET)
Location
Grand Prairie, TX
Experience
25+ Years in Business Development
Specialties
Hospitality, Commercial RE, Operations

A developer who has been in the trenches.

Anand "Andy" Patel is the principal of Riverbend Development Group. With over two decades of experience developing, financing, constructing, operating, and selling commercial real estate assets, Andy brings a rare combination of financial acumen, operational depth, and hands-on development experience to every project.

Andy's career spans convenience retail, hospitality, commercial leasing, and industrial engineering — giving him a 360-degree view of what makes a business asset succeed long after the ribbon is cut. He has been the managing partner and primary driver behind more than a dozen hotels, gas stations, and commercial properties across the American South and Southwest.

Before turning full-time to real estate development, Andy spent seven years at Williamson-Dickie Manufacturing (Dickies) in Fort Worth, where he managed multi-shift operations of a 500,000 square foot distribution center shipping over 100,000 garments daily — experience that instilled a discipline for process, scale, and execution that translates directly to managing complex development projects.

Andy holds an MBA from West Texas A&M University (AACSB accredited) and a Bachelor of Science in Industrial Engineering from The University of Texas at Arlington (ABET accredited).

Today, Riverbend Development Group is actively developing five new hotel properties across North Texas, with a combined project value exceeding $80 million and flags awarded from IHG and Hilton.

Preferred Partners & Affiliate Network

Riverbend operates as part of a trusted network of preferred partners. While each project is independently structured, our partners bring specialized expertise in operations, revenue management, and construction that meaningfully de-risks every development we undertake.

Preferred Partner — Hospitality Operations

Rajan Patel

Milan Hospitality Management

Rajan is an experienced hotel owner, operator, and revenue management strategist with an extensive portfolio of owned and operated hotel properties across multiple markets. He serves as co-managing principal on select Riverbend projects, bringing deep operational expertise and brand relationships that support performance from day one of opening.

Preferred Partner — Design & Construction

Jaimin Patel

J.D. Design & Developers

Jaimin is an architectural engineer by training and a hotel general contractor by trade. His firm has delivered 20+ hospitality projects across Texas and Oklahoma — including multiple IHG, Hilton, and Marriott-flagged properties — with a combined construction value exceeding $150 million. J.D. Design & Developers is Riverbend's trusted construction partner, engaged on select ground-up development projects.

Portfolio

A track record built
one project at a time.

Courtyard by Marriott Dallas Midlothian Conference Center

Midlothian, TX

Operating
Rooms
102
Project Value
$18,000,000
Managed By
Hotel Equities
Affiliate
Pinnacle Hotel Group

Holiday Inn Express by IHG

Ennis, TX

Affiliated Project
Rooms
65
Project Value
$10,000,000
Acquired
2022
Managing Principal
Rajan Patel — Milan Hospitality

Staybridge Suites by IHG

Mansfield, TX

Permit Ready
Suites
106
Project Value
$18,500,000
Brand
IHG / Staybridge Suites
Next Step
Construction Financing

Holiday Inn Express Inn & Suites

Paris, TX

Permit Submitted
Rooms
104
Project Value
$16,500,000
Brand
IHG / Holiday Inn Express
Next Step
Permit Review & Approval

Home 2 Suites by Hilton

Midlothian, TX

Flag Awarded
Rooms
92
Project Value
$17,000,000
Brand
Hilton / Home 2 Suites
Affiliate
Pinnacle Hotel Group

Atwell Suites by IHG

Mansfield, TX

Pre-Development
Suites
96
Brand
IHG / Atwell Suites
Status
Site Acquired — Early Development
Role
Managing Principal

Candlewood Suites by IHG

Paris, TX

Site Under Contract
Suites
83
Brand
IHG / Candlewood Suites
Status
Early Development
Role
Managing Principal

Comfort Suites

Dallas, TX

Sold 2010
Rooms
70
Project Value
$5,000,000
Built
New Construction 2008
Role
Managing Principal

Candlewood Suites by IHG

Vicksburg, MS

Sold 2015
Rooms
83
Project Value
$6,300,000
Built
New Construction 2009
Role
Limited Partner

Peninsula Point Chevron

Grand Prairie, TX

Sold 2023
Size
4,000 SF + 8 Fueling Positions
Project Value
$5,500,000
Built
New Construction 2020
Role
Managing Principal

Lakeside Liquor

Grand Prairie, TX

Sold 2023
Size
4,000 SF Retail
Project Value
$3,000,000
Built
New Construction 2020
Role
Managing Principal

The Learning Experience

Kennedale, TX

Sold 2025
Size
10,000 SF Daycare
Project Value
$5,000,000
Built
New Construction 2025
Role
Managing Principal

Valero Gas Station & C-Store

Burleson, TX

Sold 2016
Size
3,000 SF + 20 Fueling Positions
Sale Price
$3,000,000
Purchased
2010 — Remodeled & Operated
Role
Managing Principal

Project Detail

Our Approach

Relationships first.
Deals follow.

How We Work With Partners

We don't advertise deals.
We share them selectively.

Real estate development is a relationship business — and we treat it that way at every level. From the equity partners who trust us with their capital, to the lenders who underwrite our projects, to the city officials and planning boards who shape what gets built and where, Riverbend has built its reputation on straight talk, follow-through, and putting the right people in the right seats on every deal.

We don't pitch every deal to everyone. We bring the right partners to the right projects, and we invest the time to make sure both sides understand what they're getting into before any documents are signed.

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Equity Partners

We work with a small number of partners per project — people we know, or who have sought us out. We share detailed project economics, market analysis, and deal structure with those who are the right fit.

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Lender Relationships

Our banking relationships span construction lenders, SBA lenders, and regional community banks with hospitality experience. We bring clean packages and credible track records to every loan conversation.

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City & Community Stakeholders

We engage early with city planners, economic development offices, and local stakeholders. The best projects are ones where the community wants you there — and we work to earn that before we break ground.

Start a Conversation

Want to know more about how we work?

Whether you're a prospective equity partner, a lender, or a city economic development contact — we'd like to hear from you. Reach out directly and we'll respond promptly.

Contact Us

Let's build something
together.

Get in touch.

Whether you're a landowner, a lender, a development partner, or a city economic development contact — we want to hear from you. Reach out directly or use the form and we'll respond promptly.

✉️
Email
[email protected]
📞
Phone
(469) 235-3990
📍
Based In
Dallas – Fort Worth Metroplex, Texas
💼
LinkedIn
linkedin.com/in/andyrpatel

Development Inquiries

If you're interested in learning more about our development activity or exploring a potential relationship, use the contact form and tell us a bit about yourself. We respond to all serious inquiries promptly.

Send us a message.

We typically respond within one business day.