Noble Acquires Fourteen-Asset Marriott, Hilton, Hyatt Hotel Portfolio
Noble Investment Group today announced the acquisition of a fourteen-asset Marriott, Hilton, and Hyatt hotel portfolio. Noble will invest in physical enhancements across the portfolio while optimizing operations to drive market share and increase profitability.
“Since the second quarter of last year, Noble has invested more than $1.5 billion across the United States in 40 hotels with approximately 6,000 rooms as we continue to capitalize on the thematic opportunity in travel and hospitality,” said Noble’s CEO, Mit Shah.
“The acquisition of these premium branded hotels is consistent with our strategy to invest in well-located assets in high growth markets with healthy business and leisure demand,” said Noble’s Chief Investment Officer, Ben Brunt.
Noble Investment Group is a real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, Noble has invested more than $5.0 billion in communities throughout the country, adding value across cycles and creating thousands of jobs.
Photos Source: Renaissance Raleigh North Hills Hotel, Hotel News Resource
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