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 ...