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Interstate Acquires Noble Management, Will Operate as Noble-Interstate Management Group

Noble Investment and Interstate Form New Dedicated Management Platform

Noble Investment Group, a leading lodging and hospitality investment organization, and Interstate Hotels & Resorts, the United States’ largest independent hotel management company, announced that Noble’s hotel operating business, Noble Management Group, has become part of the Interstate organization. Based in Atlanta, this dedicated management division of Interstate now operates as Noble-Interstate Management Group and is responsible for the management of Noble’s existing and expanding portfolio of hotels.The longstanding relationships between the senior leaders at both Interstate and Noble helped enable the creation of this new management platform. Jim Abrahamson, Interstate’s chief operating officer and chief executive officer designate, has developed strong professional and personal relationships with Noble and its senior leaders over the past two decades. In addition, prior to joining Noble in early 2005 as a partner in charge of asset management, Bob Morse served as chief operating officer of Interstate.This strategy immediately adds approximately 60 high-quality hotels to Interstate’s management portfolio, which now encompasses nearly 400 hotels worldwide.Through Noble's discretionary, real estate private equity funds, Noble has invested more than $2 billion in lodging assets, including 11 new investments to date this year. This new management platform allows Noble and its senior leaders to source investment opportunities, execute asset repositioning strategies and asset manage its owned hotel portfolio.The longstanding relationships between the senior leaders at both Interstate and Noble helped enable the creation of this new management platform. Jim Abrahamson, Interstate’s chief operating officer and chief executive officer designate, has developed strong professional and personal relationships with Noble and its senior leaders over the past two decades. In addition, prior to joining Noble in early 2005 as a partner in charge of asset management, Bob Morse served as chief operating officer of Interstate.

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