Banyan Investment Group Acquires Hotel Sierra in Atlanta
Tuesday July 9th, 2013 - 9:06AM EG
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
ATLANTA—Banyan Investment Group has acquired the 124-suite Hotel Sierra in the Atlanta suburb of Alpharetta, Georgia.
The property will undergo a more than $2 million renovation, in addition to being rebranded as a Holiday Inn Express Hotel & Suites by the end of October.
Amenities include 1,600 sq. ft. of meeting and event space, a multi-station business center, a fitness center, an outdoor pool and a local shuttle.
Banyan Investment Group acquired the property from Kansas-based LodgeWorks, LP, in a transaction brokered by Rick Besse, B.J. Patel and Sam Winterbottom of Newmark Grubb Knight Frank Hotels.
Tags: • Hospitality • Acquisitions • Construction/Renovation •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.