Chicago & Midwest + Midwest + Hospitality | July 25, 2019

Banyan Picks Up Trio of Madison Hotel Properties

Banyan Investment Group completed the $50-million acquisition of a three-hotel portfolio in Madison, WI. The company will also operate the properties, including the 127-key Courtyard by Marriott Madison East, 130-key Fairfield Inn & Suites Madison East, and the 115-key Hampton Inn Madison East Towne Mall Area.

“In addition to expanding our footprint into the Great Lakes region, this portfolio aligns perfectly with our strategy of targeting strong markets with multiple demand generators that are well-positioned to weather all phases of the economic cycle,” said Banyan CIO Andy Chopra.

Chopra noted that all three hotels benefit from being located near Fortune 500 companies in Madison, “as well as their proximity to Minneapolis, Milwaukee and Chicago.”

He added that Madison is “the ideal Big 10 college town, home to the University of Wisconsin’s main campus. This creates year-round demand from students, families, government, business and leisure travelers to the area.”

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).