Sant Singh Chatwal
|Sant Singh Chatwal|
Founder & Chairman|
Dream Hotel Group
Sant Singh Chatwal is an Indian-American businessman and founder of the Dream Hotel Group where he serves as chairman of the board. He has founded numerous hotel brands including The Chatwal, Dream Hotels, Time Hotels and Unscripted Hotels, which operate in the United States and internationally.
Chatwal is from a refugee family that fled the West Punjab province of Greater India during the Partition of India in 1947. He was one year old when the family left with his four brothers and three sisters. They settled in Faridkot, Punjab, India where the family became small traders. He joined the Indian Armed Forces at the age of 18 where, according to Chatwal, he served as a fighter pilot on the country's first and only aircraft carrier, INS Vikrant. Chatwal grew up in Sikh values of his family.
Chatwal left India for Addis Ababa, Ethiopia to work for the country's commercial airliner. When he arrived he was told he would be required to take off his turban, cut his hair, and remove his beard. He declined due to his Sikh heritage. He then became a teacher in a local public school and became friends with the owner of a restaurant who asked him to fill in for a few months when he became ill. He improved the business and was later asked to become a partner, later buying out the other owner. In the course of time he became the owner of two restaurants serving Indian cuisine.
In 1975, he left the country with some of his savings and opened a restaurant in Montreal, Quebec, Canada. Chatwal also entered the hotel business while in Canada, purchasing his first hotel in 1976. In 1979, he opened Bombay Palace, the first fine-dining Indian restaurant in midtown Manhattan. Chatwal expanded Bombay Palace internationally, opening restaurants in London, Hong Kong, and Canada, and eventually becoming a publicly traded company.
He continued to acquire hotels, adding properties in Florida in 1980 and New York in 1982. He later combined all his properties into Hampshire Hotels & Resorts. He suffered from the real estate crisis in the 1990s and was forced to file Chapter 11 bankruptcy. It was then he began to bring in investors as partners and focused on lifestyle branding of hotels, opening properties in New York, Los Angeles, and internationally. By 2006, he was the largest independent owner of hotels in the United States, operating 13 hotels with 3,000 rooms valued at $750 million.
Chatwal is close to former US President Bill Clinton and his family, and has made substantial financial donations to his election campaigns, as well as to other causes and campaigns of the Democratic Party, with many of whose prominent representatives he is on good terms. He has accompanied the Clintons on several journeys to India, and is a Trustee of the William J. Clinton Foundation. In April 2014, he pled guilty to giving illegal campaign contributions to three federal candidates, including Clinton, between 2007 and 2011. He was fined $500,000 and sentenced to probation and community service.
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- Hudson, Kris (30 August 2010). "Survivor Stands on Verge of a Grand New Expansion". The Wall Street Journal. Retrieved 21 February 2018.
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- "Sant Chatwal to open his 'Dream' hotels in India". Hindustan Times. 30 August 2006. Retrieved 23 February 2018.
- "String of Felons Worked With Nonprofit Cofounded by Bill Clinton - Washington Free Beacon". 16 November 2015.
- Clifford, Stephanie (18 December 2014). "Hotelier Avoids Prison for Violating Campaign Finance Laws". The New York Times. Retrieved 27 December 2017.
- Ricca, Stephanie (4 February 2016). "Dream Hotel Group sharpens focus on key brands". Hotel News Now.
- Duttagupta, Ishani (14 December 2015). "Sant Singh Chatwal announces expansion, rebranding plans for his hotel group". Economic Times. Retrieved 23 February 2018.