Banyan Investment Group Opens New Hampton Inn & Suites in Pensacola
May 20, 2013 - A new 90-room Hampton Inn & Suites has opened in Pensacola, Florida which is owned and operated by Banyan Investment Group. The property, built by Winter Construction, joins the company's portfolio which is valued at almost $125 million.
“The Florida panhandle is growing dramatically as a destination for leisure as well as business travelers, which we know first-hand having developed and managed properties in the area for more than 35 years,” explained Rakesh Chauhan, President and CEO of Banyan Investment Group. In addition, the company has its corporate headquarters in the Gulf Coast city of Miramar.
“This new Hampton property allows us to continue enhancing the visitor experience to the region, while also enhancing our corporate profitability,” added Chauhan.
The Hampton Inn & Suites , which brings 30 jobs to the area, features a fitness center, outdoor swimming pool, and a “perfect mix” lobby that reflects the multi-functional nature of today's hotel lobby as a social center, refreshment area, and remote office.
Added Brent Reid, President of Winter Construction, “Our thorough knowledge of the hospitality marketplace, combined with our early involvement in the design of this project, enabled us to work in close partnership with Banyan to deliver a high-quality property very cost-effectively on an accelerated schedule.”
Winter Construction, an Atlanta-based general contractor that focuses on the southern and mid-Atlantic states, has more than 20 years of hospitality experience on behalf of such brands as Hyatt, Marriott, Hilton, Westin, W, Sonesta Resorts, Wyndham, Staybridge, Sheraton, Indigo, Crowne Plaza, and Aloft.
Banyan opened an office in Atlanta in 2009 to effectively and aggressively pursue investment opportunities in that region and metropolitan area.
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 
