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Noble acquires 14 assets of worldwide hospitality groups

Noble Investment Group finalized the acquisition of numerous assets from Marriott, Hilton, and Hyatt hotel portfolio.

Noble Investment Group today announced the acquisition of a fourteen-asset Marriott, Hilton, and Hyatt hotel portfolio. The company will now 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.

Mit Shah, CEO of Noble Investment Group

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.

Ben Brunt, Chief Investment Officer of Noble Investment Group

For record, Noble is a real estate investment manager specializing in the travel and hospitality sector. During the last three decades, Noble has invested more than $5.0 billion in communities throughout the country, adding value across cycles and creating thousands of jobs.

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