About Us

We achieve measurable success through a culture-focused, values-centered approach to business. Mandala Holdings understands how to work with nuanced and unique opportunities. Our versatility and creativity in all things we do are bound together with the common objective to succeed — no matter what the challenge or circumstance.

Headquartered in Miami, Mandala Holdings is quickly becoming one of the nation's premier investment platforms with a focus on developing hotels, restaurants and entertainment assets. Leveraging its South Florida base, Mandala Holdings is actively acquiring land for hotel development throughout the southeastern United States while expanding its activities in the food and beverage space.

Leadership Team

Innovative and adaptable, our entrepreneurial team excels in all facets of the hospitality industry.

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Vinay Rama

Founder & Chief Executive Officer

Vinay is a lifelong hotelier with experience in hotel investments, development, operations and brokerage. After growing up in a family of hoteliers and getting a formal education in the industry, he spent a number of years with Hodges Ward Elliott, one of the most successful hotel brokerage/investment banking teams in the United States. Under Mark Elliott and his team, Vinay developed an in-depth understanding of the real estate valuation components of the hotel industry and the associated capital markets.

At the age of 25, Vinay took his skills overseas to establish JHM International Hotels, in Mumbai, India. With his passion for international business, he helped grow the investments significantly, including starting the first third-party management company in India and developing a university from the ground up on a 117-acre parcel. Intent on creating something very special based on everything he had learned, Vinay returned to the U.S. to found Mandala Holdings in 2013.

Vinay has a hands-on approach to managing and decision-making, overseeing all activities at Mandala Holdings. He holds a B.S. degree from the Cornell University's School of Hotel Administration.

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Lee Babcock

Chief Investment Officer

Lee’s career in commercial real estate includes experience in office, retail and multifamily assets, with a focus on hospitality. He also worked in hospitality development for Gaylord Entertainment and the $1 billion private equity fund, RLJ Development, where he held the title of vice president. Lee joined Mandala Holdings as CIO in 2014.

At Mandala Holdings, Lee focuses on ensuring acquisition and development projects unfold smoothly and expeditiously. He directs the activities of Mandala Holdings’ attorneys, architects, engineers, contractors and accountants to achieve outcomes that best serve the interests of the platform’s investors and partners. Lee holds a B.A. from the University of Virginia and an MBA from the University of Chicago Booth School of Business.

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Brittany Vaughn

Director of Asset Management

Brittany has extensive experience in the food service and retail industries, where she focused on operations and financial reporting. Prior to joining Mandala Holdings, Brittany worked at Ruby Tuesday, Inc. as an accountant, tax specialist and franchisee relationship manager.

In her current role as director of asset management, Brittany draws on her financial analysis and accounting expertise to ensure that all of Mandala Holdings’ investments are evaluated and monitored consistently. Brittany’s value-add as an asset manager stems from her experience with the key factors that drive profitability in franchise operations. Brittany holds a BBA in accounting from East Tennessee State University.

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Howard Isaacson

VP of Asset Management

Howard Isaacson’s responsibilities include overseeing all asset management activities for Mandala Holdings. Prior to joining Mandala, Mr. Isaacson was the Senior Vice President of Asset Management at the publicly traded REIT RLJ Lodging Trust. At RLJ, he was responsible for all asset management and risk management functions. Prior to RLJ, Howard served as the Vice President of Finance for HEI Hospitality, LLC and also held several positions with MeriStar Hotels & Resorts, Inc. His positions at MeriStar included Executive Vice President of the Doral Golf Division, which generated annual revenues of approximately $19 million. Howard also served as the Chief Financial Officer of CapStar Hotels, a predecessor via merger with MeriStar. As CFO, he oversaw the financial activities of a 46-hotel company that generated approximately $160 million in revenues.

Howard has over 40 years of experience in the hospitality industry that includes positions with Universal Hotels and Holiday Inns, Inc. He earned a B.S. degree in Business Administration from Elizabethtown College in 1975, and is a Certified Public Accountant. Howard was elected as the International President of the Hospitality Financial and Technology Professionals in 1995 and co-authored the Uniform System of Accounts for the Lodging Industry – Ninth and Eleventh Editions.

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John Edwards

Director of Design & Construction

John is a highly experienced development, design and construction professional with over 40 years in the industry. He is a licensed architect who began his professional career in 1977. Over the course of his career he practiced architecture for 23 years, 21 of which were focused on and specialized in the hospitality design & construction industry.

His reputation as a service driven professional with extensive understanding of and expertise in hotel planning and design led to his recruitment by Gaylord Hotels to lead the company’s planning and design process for the roll out of their new resort and convention center brand. Over the last 17 years John has continued his career in hospitality development, design and the construction industry managing projects valued in excess of $12 billion with the following companies.

  1. Gaylord Hotels, Nashville, TN: Executive Director of Architecture & Planning
  2. Las Vegas Sands Corp., Las Vegas, NV: Recruited to lead the global planning and design process for LVS as the Executive Director of Architecture & Planning
  3. Omni Hotels, Dallas, TX: full time hotel project management, planning & design consultant

John has worked on projects nationally and internationally in Spain, Macau SAR China, Singapore, Bahamas, Costa Rica, Dominican Republic and Uruguay.

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Sarah Stoller

Senior Corporate Counsel

Sarah has extensive experience advising owners, developers, investors, retailers, restauranteurs and hoteliers of all sizes, including publicly-traded REITs, international hospitality companies, emerging restaurant groups, and family real estate trusts. Prior to joining Mandala Holdings, Sarah held in-house roles with leading commercial real estate developers and restaurant operators as well as boutique real estate law firms.

At Mandala Holdings, Sarah draws on her legal and business acumen to counsel senior management on legal rights and obligations, risk assessment and decision making. Sarah coordinates Mandala’s corporate legal functions and oversees outside counsel on matters including acquisitions, contracts, litigation, compliance and intellectual property.

Sarah received her Bachelor of the Arts in Government from Wesleyan University, and her Juris Doctor from The George Washington University Law School.