Banyan Investment Group Acquires Hampton Inn Terre Haute
March 19, 2015 1:08pm
The seven-floor property features 112 rooms, including five suites; indoor swimming pool; business center; fitness center; 144 sq. ft. meeting room; and the brand's distinctive "perfect mix" lobby.
"This acquisition expands our portfolio beyond the southeast, which has historically been our primary operating area, and it reconfirms our intention to establish a nationwide presence," explains Andy Chopra, Chief Investment Officer and a principal with Banyan Investment Group.
"We continue to actively investigate acquisition opportunities that can add both value and profitability, especially in markets with thriving corporate and university communities. We fully expect to proceed with other appropriate projects during 2015."
Last year, the company added four properties -- three through acquisition and one through renovation and rebranding. The Hampton Inn Terre Haute is the company's first acquisition in 2015.
Added Chopra, "Demand generators for the Hampton Inn Terre Haute are exceptionally strong, notably four nearby universities with a combined population of more than 18,000 students plus numerous major corporate employers."
Tags: banyan investment group,
hampton inn terre haute
Contact: Peter G. Mathon, PR Counsel for Banyan Investment Group
Banyan Investment Group Acquires Three Marriott-Branded Hotels in the Midwest for $30 Million
Banyan Investment Group Purchases Holiday Inn Express in Atlanta Suburb of Kennesaw
Banyan Investment Group and Compass Real Estate Acquire Hilton Garden Inn in Suburban Chicago
Banyan Investment Group Launches Renovations at Two Hotels Acquired Earlier This Year
Banyan Investment Group & Investra Investment Purchase Comfort Suites in Metropolitan Cincinnati
Banyan Investment Group and Investra Investments Purchase Hampton Inn & Suites, Downtown Albany, NY
Banyan Investment Group and Investra Investments Acquire the 86-key Homewood Suites in Mobile, AL
Partnership of Banyan and Inlight Capital Acquires Hampton Inn & Suites in Murfreesboro, Tennessee
Banyan Investment Group & Investra Investments Acquire Holiday Inn Express & Suites in Bluffton, SC
Owned by DeBartolo Development, Managed by Banyan Investment, 254-key Aloft Atlanta Downtown Opens
Banyan Investment Hires Terry Hitt as GM for 254-room Aloft Hotel to Open in Atlanta, GA in Q1 2014
Please login or register to post a comment.