banyan investment group
Banyan Investment Group Completes Sale of 96-Room Kimpton Goodland Hotel Ft. Lauderdale Beach
Kimpton Goodland Hotel | May 10, 2022
FT. LAUDERDALE, Fla., May 10, 2022—Banyan Investment Group (BIG), an Inc. 5000-recognized, hotel investment company that acquires hotels in the United States, today announced the sale of the 96-room Kimpton Goodland Hotel Fort Lauderdale Beach in Fla., to DiamondRock Hospitality Company for $35.3 million. “Following an extensive market study that led us to believe South Florida travel would rebound quickly, we took a calculated risk and purchased this property in Q420, prior to vaccines being released when travel volumes remained low,” said Andy Chopra, managing partner, Banyan Investment Group. “Our research proved prescient,...
Banyan Investment Group Acquires 114-Suite Homewood Suites by Hilton Atlanta/Perimeter Center
Banyan Investment Group | January 24, 2022
ATLANTA, GA — January 24, 2022 — Banyan Investment Group (BIG), an Inc. 5000-recognized, vertically integrated hotel investment company that acquires select-service hotels in the United States, today announced the acquisition of the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center. This hotel marks the first purchase utilizing the recently announced Banyan Lodging Enhanced Value Fund, LLC (“BLEV”), a fund vehicle that offers investors an opportunity to purchase hotels with a combination of strong cash flow and attractive basis with consideration to the impact by the on-going COVID-19 crisis. “The Homewood S...
Hotel Equities Selected to Manage The Kimpton Goodland Hotel – Fort Lauderdale Beach Opening in Florida
Kimpton Hotels & Restaurants | March 9, 2021
SAN FRANCISCO – March 9, 2021 – Kimpton Hotels & Restaurants announced today it will open the newest and hottest boutique hotel in Fort Lauderdale, marking the brand’s entrance in the market and seventh overall in the Sunshine State. Set to open next month, The Kimpton Goodland Hotel – Fort Lauderdale Beach, will place emphasis on discovery of experience and want-for-nothing amenities. Blending in with the mid-century, nostalgic look and feel of its North Beach Village neighborhood, The Kimpton Goodland will span three two-story buildings, inclusive of an eclectic American restaurant and a 500-square-foot private dining room, s...
Banyan Investment Group Completes Acquisition of 101-Room Hotel Indigo Tuscaloosa Downtown in Alabama
Banyan Investment Group | September 17, 2019
TUSCALOOSA, Ala.--September 17,2019 --Banyan Investment Group, an Inc. 5000 recognized hotel investment and management company that acquires and manages select-service hotels in the United States, today announced that the company completed the acquisition of the 101-room Hotel Indigo Tuscaloosa Downtown in Ala. The company also will operate the hotel and oversee a $500,000 refurbishment of The Lookout, downtown Tuscaloosa’s only rooftop bar, along with the public areas of the hotel. This marks Banyan Investment Group’s ninth acquisition from its recently launched BIG Hotels LP I, LLC fund. “We continue to seek hotel acquisition oppor...
Banyan Investment Group Acquires 89-Room Fairfield Inn & Suites by Marriott Peoria East in Illinois
Investment Group | August 29, 2019
PEORIA, Ill., August 29, 2019--Banyan Investment Group, an Inc. 5000 recognized hotel investment and management company that acquires and manages select-service hotels in the United States, today announced that it acquired the 89-room Fairfield Inn & Suites by Marriott Peoria East. The company also will operate the hotel, its eighth acquisition from its recently launched BIG Hotels LP I, LLC fund. “Due to our strong and longstanding industry relations, we were able to source this deal off-market at an attractive price at better than replacement costs,” said Rakesh Chauhan, president and CEO, Banyan Investment Group. “Equally ...
Banyan Investment Group Completes Acquisition of Three-Hotel Portfolio in Madison, Wisconsin
Banyan Investment Group | July 24, 2019
MADISON, Wis., July 24, 2019--Banyan Investment Group, an Inc. 5000 recognized hotel investment and management company that acquires and manages select-service hotels in the United States, today announced that it completed the acquisition of a three-hotel portfolio of Marriott- and Hilton-branded hotels located in Madison, Wis., for approximately $50 million. Additionally, the company announced that it will operate the portfolio, comprised of the 127-Room Courtyard by Marriott Madison East, 130-Room Fairfield Inn & Suites Madison East and 115-Room Hampton Inn Madison East Towne Mall Area. “In addition to expanding our footprint into ...
Banyan Investment Group Acquires and Will Operate 110-Room Courtyard by Marriott Houston Pearland in Texas
Banyan Investment Group | June 20, 2019
HOUSTON, Texas, June 20, 2019 - Banyan Investment Group, an Inc. 5000 recognized hotel investment and management company that acquires and manages select-service hotels in the United States, today announced that it has acquired and will operate the 110-room Courtyard by Marriott Houston Pearland in Texas. “We continue to seek institutional quality assets, such as the Courtyard by Marriott Houston Pearland, in major markets with numerous demand generators,” said Andy Chopra, founding principal and chief investment officer, Banyan Investment Group. “The hotel benefits from its location within Pearland Town Center, a popular mixed-used ...
Banyan Investment Group Acquires 120-Room Hilton Garden Inn and 91-Suite Homewood Suites in Columbus, Georgia
Banyan Investment Group | April 9, 2018
COLUMBUS, Ga., April 9, 2018--Banyan Investment Group, an Inc. 5000 recognized hotel investment and management company that acquires and manages select-service hotels in the United States, today announced that it has acquired and will operate the 120-room Hilton Garden Inn Columbus and the 91-suite Homewood Suites by Hilton Columbus, both in Ga., bringing their combined portfolio of owned and operated hotels nationwide to 16. The company also will oversee $3.8 million in renovations and enhancements to the hotels. "These properties meet many of the characteristics of our stringent deal criteria that should allow us to meet or exceed our...
1
Technology
2
Operations
3
Market Reports
4
Industry Happenings
5
All Things Independent
Today's News
Over 6,100 Attendees Join HFTP in Celebrating the 50th Anniversary of HITEC
Beachy Wins E20X People’s Choice Award at HITEC Orlando 2022
Quadri-Felitti Named Recipient of ICHRIE 2022 Stevenson W. Fletcher Award
Mills James Provides Hospitality AV Services to 22 Full-Service Resorts in Mexico
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.