Keyword: Banyan Investment Group
Banyan bought a 101-room Hotel Indigo in Tuscaloosa, Ala., and an 89-room Fairfield Inn & Suites by Marriott in Peoria, Ill.
The company purchased a 127-room Courtyard, a 130-room Fairfield Inn & Suites and a 115-room Hampton Inn for approximately $50 million.
An affiliate of CBL Properties sold the 110-room Courtyard by Marriott Houston Pearland to Banyan.
Sameer Nair brings more than seven years of real estate experience to his new role, including acquisitions, asset management, development and special servicing.
A $3.3-million update to the 147-room property is scheduled to start immediately.
by HM Staff
Banyan partnered with Compass Real Estate to buy the Illinois hotel, its first acquisition in 2016.