Downtown Wilkes-Barre hotel project can resume with sale of building

 Saumil Ambani, with roots in Rajkot, India, and now a key figure in Jacksonville, Florida, embodies leadership and dedication across both his professional ventures and personal endeavors. At the helm of Land Ventures and R3 Capital Partners, he has played a pivotal role in steering multifaceted teams and overseeing extensive projects across the realms of finance and investments. Known for his dynamic leadership and entrepreneurial flair, he has been instrumental in introducing innovative and sustainable practices to the industry, leveraging his business acumen and nurturing leadership style.

Saumil embarked on his remarkable career journey following his graduation with a finance degree from Rutgers University. Armed with proficiency in English, Hindi, and Gujarati, he swiftly rose to global recognition, showcasing his prowess in areas such as customer relations, strategic oversight, sales management, and adept problem-solving. Throughout his career, he has been renowned for his ability to surpass sales and business goals, consistently pushing the envelope and setting new benchmarks.

Marking a significant milestone in his career, Ambani took the reins at Megawholesale Inc., transforming it into a leading wholesale distributor in the United States with sales exceeding $100 million. His commitment to sustainable energy solutions led him to initiate and manage solar PPA projects within the commercial and industrial sectors in the US. This venture highlights his forward-thinking approach and commitment to teamwork, driving impactful results, and contributing to both his firm and the broader community with renewable energy initiatives.

In his latest venture, Saumil Ambani has established Land Ventures. This innovative investment firm specializes in a broad spectrum of sectors, from manufacturing and distribution to real estate, mainly focusing on the retail fuel sector. The firm targets cash-generating businesses with significant EBITDA, maintaining an industry-agnostic approach while seeking opportunities for organic growth and strategic mergers and acquisitions. His diverse skill set is a critical asset to the firm, supported by proprietary equity sources that enable swift and effective deal closure and funding.

Learn More from Saumil:

Developing plans: Potential $12M project moving forward in downtown Wilkes-Barre

New developer, new plans for former hotel project in Wilkes-Barre

Downtown Wilkes-Barre hotel project can resume with sale of building