Banyan Investment Group and Investra Investments Purchase Hampton Inn & Suites, Downtown Albany, NY

Banyan Investment Group | May 20, 2015

May 20, 2015 - Banyan Investment Group and Investra Investments have purchased the Hampton Inn & Suites on Chapel Street in downtown Albany, N.Y. Loxi Hospitality provided advisory services with the transaction. The property will undergo a multi-million dollar renovation during the next few months that will meet or exceed the architectural and design standards specified by Hilton Worldwide. Opened in 2005, the 10-story Hampton includes 165 guest rooms; a business center; and 2,700 sq. ft. of meeting space. There is also restaurant space that is leased to a third-party operator who offers guests two signature cuisine options -- "Yono...