Wednesday, July 24, 2019

Banyan Investment Group Completes $50 Million Acquisition of Three-Hotel Portfolio in Madison, WI

Kat Lash-Williams

MADISON, WI, 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.

Andy Chopra
                “In addition to expanding our footprint into the Great Lakes region, this portfolio aligns perfectly with our strategy of targeting strong markets with multiple demand generators that are well positioned to weather all phases of the economic cycle,” said Andy Chopra, founding principal and chief investment officer, Banyan Investment Group. 

“All three hotels benefit from their location near Fortune 500 companies, including the American Family Insurance headquarters, located in nearby office parks and downtown Madison, as well as their proximity to Minneapolis, Milwaukee and Chicago. 

Courtyard by Marriott Madison East

"Wisconsin’s state capital is the ideal Big 10 college town, home to the University of Wisconsin’s main campus.  This creates year-round demand from students, families, government, business and leisure travelers to the area.”

“Due to the strength of our partners, we were able to complete this complicated transaction in just over two months,” said Kat Lash-Williams, hotel analyst, Banyan Investment Group. 

Fairfield Inn & Suites Madison East
 “From the lenders to the franchisors, everyone was well motivated to move quickly and precisely.  As we grow across the United States, we will continue to target strong submarkets that allow us to have more predictable cash flow for our investors.”

  Courtyard by Marriott Madison East

                Located at 2502 Crossroads Drive , the four-story hotel is situated directly off Interstate 90.  Guest room amenities include flat screen HD television, mini-refrigerator, work desk, microwave, coffee maker, iron with ironing board and complimentary, high-speed Wi-Fi Internet access. 

Hampton Inn Madison East Towne Mall Area
 The hotel also provides approximately 1,080 square feet of meeting space capable of accommodating up to 80 people.  Additional hotel amenities include a heated indoor swimming pool and whirlpool tub, business center, guest laundry facilities, 24/7 fitness center, sundry shop, and complimentary airport shuttle.

Fairfield Inn & Suites Madison East

                Directly across the parking lot from the Courtyard by Marriott Madison East, the four-story hotel recently completed a multi-million dollar renovation to improve public spaces and guest rooms. 

Guest rooms and suites are equipped with flat screen HD television, complimentary high-speed Wi-Fi Internet access, work desk, mini-refrigerator, iron with ironing board and coffee maker. 

Hampton Inn Madison East Towne Mall Area

                Nestled across the street from the East Towne Mall, home to more than 120 shops and restaurants, the four-story hotel offers a heated indoor swimming pool and whirlpool, fitness center, business center, valet laundry and complimentary, high-speed Wi-Fi Internet access. 


Chris Daly,
(703) 864-5553

Skyline Exhibit Craft Relocates All South Florida Operations to Miramar Park of Commerce in Miramar, FL

Maridee Bell
MIRAMAR, FL, July 24, 2019 – Skyline Exhibit Craft, an independently-owned dealer for Skyline Exhibits, LLC, a worldwide manufacturer of trade show displays, signed a new lease for 34,471 sq. ft. of space at the Miramar Park of Commerce.

Owned and operated by Sunbeam Properties & Development, the Miramar Park of Commerce is the largest locally-owned and managed business park in South Florida.

Lauren Pace
Located at 3900 Executive Way, Skyline Exhibit Craft’s new facility at the Park is the result of the company’s decision to consolidate its three locations in South Florida into one contiguous space.

“In order to continue our fast-paced growth, we needed a warehouse and office space large enough to accommodate our inventory and workforce under one roof,” said Wayne Litsky, owner of Skyline Exhibit Craft.

Wayne Litsky
“The central location for our employees, the proximity to major roadways and the reputation of Sunbeam all played major roles in our final decision to relocate to the Miramar Park of Commerce.”

One of Skyline Exhibits’ 80 international dealers, Skyline Exhibit Craft plans to use its new warehouse space for the storage of its clients’ trade show assets and maintenance of its large inventory of trade show rental products.

“We’re happy to welcome Skyline to the Park and provide them with an attractive solution to their real estate needs,” said Sunbeam Properties Vice President Maridee Bell, who along with Leasing Associate Lauren Pace, represented the Park in the transaction.

Carlos Velasquez
“Tenants that consolidate and relocate to the Park often experience more streamlined and cost-effective operations, paving the way for future growth and expansion.

"That’s why the Park’s availability of large-scale contiguous space, flexible layouts and enhanced accessibility often prove more beneficial in the long run compared to rigid existing inventory elsewhere.”

Donte Aleman
In addition to Bell and Pace, Sunbeam was represented by Carlos Velasquez of Vivo Real Estate Group in the transaction.

Skyline Exhibit Craft was represented by Donte Aleman of Kaizen Realty Partners, LLC.


Lexi Robinson
954-776-1999, ext. 255

Lauren Pace

 Maridee Bell
10212 USA Today Way, Miramar, FL 33025
or call 954-450-7900


Wayne Litsky, 
Skyline Exhibit Craft, 
3900 Executive Way, MPC-7C, 
Miramar, FL 33025, 
954-963-0002, ext. 215  

Patti A. Sedlacek Named Vice President of Revenue Management at Hostmark Hospitality Group

Patti A. Sedlacek

SCHAUMBURG, IL,  July 24, 2019—Officials of Hostmark Hospitality Group, an award-winning hotel management company specializing in unique lifestyle hotels and resorts as well as branded properties, today announced that Patti A. Sedlacek has been named vice-president of revenue management. 
 In her new role, Sedlacek will work closely with the company’s hotel general managers and sales teams to improve business planning and pricing.

                “Patti has spent the past two decades honing and perfecting her revenue management skills, and her hotels’ bottom lines have benefitted from her expertise,” said Jerome F. Cataldo, president & CEO, Hostmark Hospitality Group. 

“She worked hand-in-hand with our recently named COO, Ron Vlasic, as they helped grow Kimpton Hotels & Restaurants into a nationally recognized hospitality platform.”

Jerome F. Cataldo

                Previously, Sedlacek held numerous increasingly important positions with Kimpton Hotels & Restaurants, culminating in a regional director of revenue management title. 

In that role, she oversaw a team of 10 revenue management specialists servicing 10 hotels in Ill., Wis., Minn., Texas and Ariz. 

 Prior to that, she served as director of revenue management for the Embassy Suites by Hilton Chicago, Ill., where she improved hotel revenues by eight percent.  Additionally, Sedlacek received the 2012 Bill Kimpton Award for Revenue Management.

Ron Vlasic
                “I enjoy the challenges associated with companies growing from smaller, regional entities into national powerhouses,” Sedlacek noted.  

“Hostmark already is a well-respected name within the hospitality industry, and the company clearly is eager to move to the next level with its recently announced internal and external growth plans.  I look forward to helping Hostmark meet and exceed its business objectives.”


Chris Daly
(703) 435-6293