banyan investment group

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banyan investment group

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...

Banyan Investment Group Acquires Three Marriott-Branded Hotels in the Midwest for $30 Million

Banyan Investment Group | November 30, 2017

ATLANTA, November 30, 2017--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 three Marriott-branded hotels in two separate transactions: the 105-room Fairfield Inn & Suites Chicago St. Charles and the 92-room Fairfield Inn & Suites Chicago Naperville, both in Ill., and the 129-room Lansing Courtyard by Marriott in Mich., for a combined total of nearly $30 million. The properties bring Banyan's portfolio to 14 owned and operated hotels nationwide. "We continue to have ...

Banyan Investment Group Purchases Holiday Inn Express in Atlanta Suburb of Kennesaw

Banyan Investment Group | September 19, 2016

Banyan Investment Group has acquired a 147-room, six-floor Holiday Inn Express on George Busbee Parkway in Kennesaw, Georgia, which is located about 23 miles north of downtown Atlanta. The hotel will be operated by Banyan Tree Management. A $3.3 million renovation begins immediately and is expected to be completed by the end of the first quarter of 2017. The results will meet or exceed the new Formula Blue architectural and design standards specified by InterContinental Hotels Group (IHG) for its Holiday Inn Express brand. Features of the hotel include a fitness center; business center; outdoor pool; laundry facilities; and three meetin...

Banyan Investment Group and Compass Real Estate Acquire Hilton Garden Inn in Suburban Chicago

Banyan Investment Group | February 23, 2016

February 23, 2016 - Banyan Investment Group in partnership with Compass Real Estate has purchased the Hilton Garden Inn in St. Charles, Illinois, which is located about 40 miles west of Chicago. The property will undergo a $2 million renovation of guest rooms and public areas that is expected to be complete by March of 2017 and will exceed the architectural as well as design standards specified by Hilton Worldwide. Opened in 2000, the three-story Hilton Garden Inn includes 120 guest rooms; 4,400 sq. ft. of flexible meeting space; an indoor pool; a fitness center; and a bistro-style restaurant. Attached to the hotel is an independently-o...

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