 |
| 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 |
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 |
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.
CONTACT:
Chris Daly,
(703) 864-5553
