MURFREESBORO, TN—Banyan Investment Group, along with InLight Capital LLC, has acquired the 101-room, four-floor Hampton Inn & Suites here.
The hotel is located on North Thompson Lane, about 25 miles southeast of Nashville. The Hampton Inn features 1,078 sq. ft. of meeting space, a business center, a fitness center and a seasonal outdoor swimming pool.
“This is a highly desirable property in the key Nashville-Murfreesboro market,” stated Rakesh Chauhan, president/CEO of Banyan. “Our company continues to pursue value-added opportunities, with additional acquisitions expected before year-end.”
“The hotel industry is experiencing rising profits and has solid forecasts for several years ahead, so it’s an excellent time for us to add to our growing portfolio of premium branded properties—especially in partnership with a successful operator like Banyan,” added Grant Copeland, president of InLight Capital.