A new 90-room Hampton Inn and Suites has opened in Pensacola, Fla., 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 and 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.