Banyan Investment Group Acquires Homewood Suites by Hilton Atlanta/Perimeter Center

January 24, 2022

Banyan Investment Group (BIG) acquired the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center in Sandy Springs, Georgia, marking the first purchase by its Banyan Lodging Enhanced Value Fund (BLEV). The acquisition is a value-add play for the fund—Banyan cited below-replacement cost purchase, strong cash flow and multiple demand drivers as the rationale.

Buyers
Banyan Investment Group
Targets
Homewood Suites by Hilton Atlanta/Perimeter Center
Location
Georgia, United States
Transaction Type
Buyout

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