I Am Jay Lalwani ( Founder & CEO )
With more than 30 years of expertise, Jay lalwani, Founder & CEO of FUEL GROUP LLC ("FUEL"), guides a prestigious team. This group provides the organization with a wealth of industry-specific knowledge, a proven track record, and a steady pipeline of deals. The company's effectiveness and success are fueled by their shown teamwork and dedication to their ongoing tasks. FUEL's management has faith in the company's potential because of their extensive experience.
FUEL is an expert in asset management with the goal of generating reliable, high returns. Brand Name Hospitality Development, including the purchase of distressed assets, is the company's main area of concentration. The present managing partners have a great deal of credibility, expertise, and competence in various fields. FUEL employs a proactive, value-added investment strategy with the goal of utilizing the management team's tried-and-true techniques to create a high-performing model.
As Fund Hospitality's founder and CEO, Jay Lalwani has strategically grown the business and is a major contributor to the day-to-day management. Development projects worth more than US$ 645 million are under his ownership, development, and asset management supervision. Jay Lalwani also has a large portfolio of entertainment and hospitality establishments. A number of consumer electronics outlets and mortgage companies were founded and sold by him during his entrepreneurial adventure. He has also engaged in manufacturing and import/export business endeavors. A major force in the industry, Fund Hospitality has grown and succeeded thanks in large part to Jay Lalwani's leadership and wealth of knowledge.
Jay Lalwani, Founder & CEO, established Molinaro in 1959 to offer specialized brokerage services tailored for the hospitality industry. Over the years, the firm's principals have been involved in more than 1,000 hotel transactions, leveraging their extensive experience to provide expert advisory services. For the past 52 years, Molinaro has focused exclusively on hotel brokerage and hospitality sector advisory services, allowing the company to develop a deep understanding of asset acquisitions and dispositions. This specialized knowledge enables them to guide clients effectively through complex transactions.
Since its founding, Molinaro has facilitated the sale of over $19 billion worth of hotel real estate. Demonstrating their continued success and relevance in the market, the firm has sold more than 90 hotel properties in the past 24 months alone, with these transactions valued at over $2.1 billion. This impressive track record underscores Molinaro’s capability and expertise in the hospitality sector, making them a trusted partner for clients looking to navigate the intricacies of hotel real estate transactions.
The firm's longevity and dedicated focus on the hospitality industry have allowed it to build a solid reputation for delivering exceptional service and results. By continuously adapting to market trends and maintaining a client-centric approach, Molinaro remains at the forefront of hotel brokerage and advisory services. Whether clients are looking to acquire new assets or divest existing ones, Molinaro’s seasoned team provides the insights and support necessary to achieve successful outcomes. This commitment to excellence has cemented their status as a leader in the hospitality brokerage industry, with a legacy of significant achievements and satisfied clients.
1995 - Auto Safe and Sound (start up)
Car audio businesselectronics, Car Alarms, Window Tint- ing.Sold(100,000)Profit.
1996 – Brandon city Stereos (start up)
Car audio businesselectronics, Car Alarms, Window Tint- ing. Sold(100,000)profit
1998- Patrick’s Beach Club (purchase)
Purchased for 165,00o Dollars doing $500,000 in gross revenue, under Lalwani company did 1,500,000 intop line revenue and then was sold for a profit
1999- Turbulence night club Mumbai, India (Start up)
Start up Club, within 2 months 600 patrons 5 nights a week Club lasted for 3 years packed every night.
2000 – Cristal’s Night Club (Start up)
Start up , Black Club known for the Sunday Block Party over 5000 people every Sunday
2001- Dreams night club (purchase)
Purchased as a Biker bar , converted to a Bikini Bar did over 1mm in gross revenue.
2002 – Fuel Night Club , (start up)
Start up, over 2mm invested inthe Club, the club lasted 5 yearsand did over 10,000 people every week in business and was the leading force in Tampa for 5 years.
2003 – Paragon Mortgage (purchased)
Mortgage business purchased Flag opened 2 new locations did over 300mm in loans then was sold to the parent company before the crash
2004 - Printing Inc (start up)
Business was opened, with the intent to print for Night Clubs ,andoperatedforoneyearthen soldtoRudebowy Graphics
2004 – Fowler Town Homes
Purchase of 10 town homes for 44,000 a piece then sold within one year for 125,000 a unit
2004 – Rain lounge and Karma Lounge
Purchased in distress for 90,000 dollars sold out of the Club for 400,000 within one year.
2005 – Lynn Anderson Homes LLC
Purchased 7 acres of land for 806,000 within a year after entitlements land was worth over 3mm Dollars, leveraged the land to build 60 town homes
2005 – Club XS /Diesel – Downtown Tampa
This was purchased for 125,000 the business only in dis- tressed converted to Diesel Night Club that did 4000 people a week in business.
2006 – Piazza Roma International Mall
Purchased in distress from prior owner doing 60,000 a month, within 3 months revenue went up to 230,000 a month and prior owner made an offer to buy it back , we agreed.
2006- Green Iguana west shore LLC
An investment of 300,000 in an old Durango’s location with the Green Iguana concept lead to the location doing 6mm a year in revenue for 5 year span.
2006- Fuel and Shubh Capital management LLC (West shore Hotel)
The West Shore Hotel purchase for 17.4 mm dollars, Ho- tel was purchased for a redevelopment but marketturned in 08 and Project still remains but never got out of the ground.
2006- Fuel investment and development (W hotel downtown Tampa)
Land and building purchased for 13mm Dollars right op- posite the convention center land was entitledandzoned andahotel condoprojectinconjunction withtheconven- tioncenterandValueof thelandincreasedto25,000Dol- lars currently the property brings in over 1mm in Rental revenue.
2006 Fuel investment and development II (St Petersburg)
Assemblage of 6 parcels totaling 6.8mm was purchased and rezoned for a Hotel Project in Downtown St Pete Right opposite the Vinoy. Development Project is esti- mated to me in excess of 100mm Dollars.
2007 – Budget Lot/ one acre Holiday inn FIDIV
Land purchase for 3.5mm Dollars
2007- Fuel investment and development V clear water beach
Whyndham Grand Time Sharev Dr. Kiran Patel , engaged us to redevelop the site ,devel- opment was upside down, under water 20mm Fuel basi- cally redesigned the project to a 450 Rooms Marriot and pre sold 50% the 200mm project for 140mm to Marriot for timeshare.
2008- Tijuana iguana LLC
Mexican concept opened, for 100,000 old bennniggans location /; sold within a year for 400,000
2013 – Pittsburgh Hilton 713 Rooms Purchase
Purchased for 49,600,000 ran the asset through Bank- ruptcy, cleaned out liens judgments redesigned the debt service from 7% to 1.6% which in turn delivered a 5mm a year net cash flow after debt service. Currently hotel is valued over 80mm.
2013 – Marriot Cornhusker Purchase 360 Rooms
Provided the existing owner with a loan and in return got interest and equity stake in the asset equaling 50%of the profits in the asset, asset nets1mm after paying debt ser- vice with a Top line revenue of 13mm
2013 – Purchase of Western Springs National bank by US bank & Trust LLC.
Greatest, global opportunity
2011 – Purchase of Princeton Wyndham 365 Rooms, 50,000 sqft of conference for 13mm
Distress hotel purchase, reposition plan as Crown plaza and holiday inn Sold To Zen Hotels with $2,000,000 dollar profit .