banyan investment group
Caliber Hospitality Trust Expands Roll-Up With Seven New Hotels From Satori Collective
Caliber | October 8, 2024
Satori assets will increase Caliber’s FV AUM by 15.52% to $890 million Upon closing of all contributed properties to date, the Trust’s portfolio will expand to 22 hotels, and the portfolio valuation will increase to $530 million October 08, 2024, Scottsdale, Ariz.-- Caliber a real estate investor, developer, and manager, today announced that it has reached a definitive agreement with Satori Collective (“Satori”) in which Satori will contribute seven hotel properties to Caliber subsidiary Caliber Hospitality Trust (“CHT”), an externally advised private hospitality corporation. The transaction is expected to ...
Banyan Investment Group Rebrands as Satori Collective
Satori Collective | March 27, 2023
ATLANTA--Officials of the former Banyan Investment Group today announced that the firm is rebranding as Satori Collective, an investment management firm focusing primarily on hotel property investment. Additionally, the company has spun off its property management platform to become Aperture Hotels, an independent, third-party hotel management company. Moving forward, Satori and Aperture will work independently of one another. “Satori is a Buddhist term meaning ‘awakening and deep understanding,’ which is how our team approaches commercial real estate investment,” said Andy Chopra, co-founder and managing partner, Satori. “With m...
Banyan Investment Group Completes Sale of Holiday Inn Express & Suites Bluffton @ Hilton Head Area
Banyan Investment Group | December 8, 2022
BLUFFTON, S.C., Dec. 8, 2022—Banyan Investment Group (BIG), a hotel investment company that acquires and asset manages hotels in the United States, today announced the completed sale of the 112-room Holiday Inn Express & Suites Bluffton @ Hilton Head Area in S.C., to Trishul Hospitality for an undisclosed price. The transaction generated a 24% IRR and a 3.3x equity multiple. “We purchased the Bluffton Holiday Inn Express & Suites back in 2014 with the idea that this South Carolina coastal submarket was poised for long term growth,” said Samir Yajnik, principal and EVP of investments, Banyan Investment Group. “We were ...
Banyan Investment Group Completes Acquisition of 213-Room Castle Hotel, Autograph Collection, in Orlando, Florida
Banyan Investment Group | October 19, 2022
ORLANDO, Fla.--Banyan Investment Group (BIG), an Inc. 5000-recognized, hotel investment company that acquires hotels in the United States, today announced the acquisition of the 213-room Castle Hotel, Autograph Collection by Marriott, in Orlando, Fla., for an undisclosed price. The hotel recently underwent a comprehensive, $8.2 million investment to improve guestrooms, public space and the building exterior. “Orlando, with its multitude of theme parks, golf resorts, outside adventures and fine dining options, continues to be the number one destination for leisure travel and conventions in the country,” said Samir Yajnik, principal an...
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...
