Partnership of Banyan and Inlight Capital Acquires Hampton Inn & Suites in Murfreesboro, Tennessee
November 24, 2014 - Banyan Investment Group alongside InLight Capital LLC has acquired the 101-room, four-floor Hampton Inn & Suites on North Thompson Lane in Murfreesboro, Tennessee, about 25 miles southeast of Nashville.
"This is a highly-desirable property in the key Nashville-Murfreesboro market," said Rakesh Chauhan, President and CEO of Banyan. "Our company continues to pursue value-added opportunities, with additional acquisitions expected before year-end."
The Hampton Inn features 1,078 sq. ft. of meeting space, a business center, a fitness center, and a seasonal outdoor swimming pool.
"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.
About Banyan Investment Group
Atlanta-based Banyan Investment Group has a portfolio of about 20 properties, including the Aloft Downtown Atlanta, that are located primarily in southeastern states such as Florida, Georgia, Kentucky, Tennessee, South Carolina, and Alabama. The company, now under the direction of second-generation Asian American hoteliers, has more than 40 years of experience in developing and managing branded hotels.
About InLight Capital LLC
InLight Capital LLC, based in Houston, Texas, is a privately held hospitality investment and operating company that focuses on the acquisition and operation of upper-midscale limited and select service properties across the U.S.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
