Banyan Investment Group Launches Renovations at Two Hotels Acquired Earlier This Year
December 3, 2015 11:22am
December 3, 2015 - Extensive renovations have begun at two hotels owned and operated by Atlanta-based Banyan Investment Group:
“We are modernizing the curb appeal, as well as the look and comfort of our interior spaces, so we can even better meet the expectations of our guests,” explained Andy Chopra, Chief Investment Officer of Banyan Investment.
The company acquired both properties earlier this year -- the Hampton Inn Terre Haute in March and the Comfort Suites Newport in August. The hotel in Kentucky was purchased in association with Investra Investments.
The properties will continue to operate during the renovations, with work progressing in strategic phases and affecting only a limited area of each hotel at any given time. Renovations are expected to be completed by February in Terre Haute and by May in Newport.
Work at the Hampton property in Terre Haute is part of that brand’s ambitious nationwide “Forever Young Initiative” aimed at updating selected hotels.
Banyan Investment owns and operates a portfolio of 21 hotels in eight states, while Investra manages a commercial real estate portfolio with more than $500 million in assets in the United Kingdom and the United States.
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Banyan Investment Group, which now has a portfolio of 21 properties in eight states, is under the direction of second-generation Asian American hoteliers. The company has more than 40 years of experience in developing and managing branded hotels.
Contact: Peter G. Mathon
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