Noble buoys up its hotel portfolio

Noble Investment Group has announced the acquisition of a 14-asset Marriott, Hilton, and Hyatt hotel portfolio. Noble will invest in physical enhancements across the portfolio while optimising operations to drive market share and increase profitability. “Since the second quarter of last year, Noble has invested more than US$1.5 billion across the US in 40 hotels with approximately 6,000 rooms as we continue to capitalise 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.