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November 21, 2014 - Banyan Investment Group alongside InLight Capital LLC has acquired the 101-room, four-floor Hampton Inn & Suites on North Thompson Lane in Murfreesboro, Tennessee, about 25 miles southeast of Nashville.      

"This is a highly-desirable property in the key Nashville-Murfreesboro market," said Rakesh Chauhan, President and CEO of Banyan. "Our company continues to pursue value-added opportunities, with additional acquisitions expected before year-end."  

The Hampton Inn features 1,078 sq. ft. of meeting space, a business center, a fitness center, and a seasonal outdoor swimming pool.  

"The hotel industry is experiencing rising profits and has solid forecasts for several years ahead, so it's an excellent time for us to add to our growing portfolio of premium branded properties-- especially in partnership with a successful operator like Banyan," added Grant Copeland, President of InLight Capital.

About Banyan Investment Group

Atlanta-based Banyan Investment Group has a portfolio of about 20 properties, including the Aloft Downtown Atlanta, that are located primarily in southeastern states such as Florida, Georgia, Kentucky, Tennessee, South Carolina, and Alabama.  The company, now under the direction of second-generation Asian American hoteliers, has more than 40 years of experience in developing and managing branded hotels.

About InLight Capital LLC

InLight Capital LLC, based in Houston, Texas, is a privately held hospitality investment and operating company that focuses on the acquisition and operation of upper-midscale limited and select service properties across the U.S.

Contact: Peter G. Mathon, P. R. Counsel for Banyan Investment Group


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