Skip to content

Search

Latest Stories

Noble acquires 10 WoodSpring Suites hotels

It aims to enhance performance through portfolio-wide improvements

Noble acquires 10 WoodSpring Suites hotels

Noble Investment Group has announced the acquisition of 10 WoodSpring Suites hotels in the southeastern United States. The company aims to improve market positioning and performance through physical enhancements across the portfolio, Noble said in a statement.

The portfolio is situated in growth markets across Florida, Georgia, South Carolina, Tennessee, and Kentucky, known for positive net migration, job growth, and wage increases, according to the statement


"Noble has acquired 48 hotels over the past two years," said Ben Brunt, Noble's managing principal and chief investment officer. "We continue to add substantial scale to our extended-stay travel and hospitality platform."

Extended-stay, apartment-like offerings are in high demand by relocations, traveling health professionals, government workers, and infrastructure businesses, Noble said.

In June, Noble appointed John Bianco as the new senior project director of development, responsible for executing Noble's midscale extended-stay hotel strategies.

More for you

AHLA Fdn.Testifies on Anti-Human Trafficking Efforts
Photo credit: iStock

AHLA Foundation testifies on anti-trafficking efforts

Summary:

  • The AHLA Foundation testified on lodging industry anti-trafficking efforts.
  • Testimony focused on efforts ahead of major global events.
  • The hotel industry has conducted more than 2.5 million anti-trafficking trainings to date.

THE AHLA FOUNDATION testified before the Congressional Task Force on Enhancing Security for Special Events. The testimony highlighted the lodging industry's anti-human trafficking efforts ahead of major global events drawing international visitors to the U.S.

Eliza McCoy, AHLA Foundation’s vice president of programs and impact, emphasized that human trafficking prevention is a shared responsibility as the nation prepares for these events, AHLA Foundation said in a statement.

Keep ReadingShow less