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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.

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Summary:

  • Policy shifts and trade tensions shaped the U.S. hospitality industry.
  • A congressional deadlock triggered a federal shutdown from Oct. 1 to Nov. 12.
  • Visa limitations and the immigration crackdown dampened international travel.

THE U.S. HOSPITALITY industry navigated a year of policy shifts, leadership changes, trade tensions and reflection. From Washington’s decisions affecting travel and tourism to industry gatherings and the loss of influential figures, these stories dominated conversation and shaped the sector.

Policy uncertainty took center stage as Washington ground to a halt. A congressional deadlock over healthcare subsidies and spending priorities triggered a federal government shutdown that began on Oct. 1 and lasted until Nov. 12. The U.S. Travel Association warned the shutdown could cost the travel economy up to $1 billion per week, citing disruptions at federal agencies and the Transportation Security Administration. Industry leaders said prolonged gridlock would further strain hotels already facing rising costs and workforce challenges.

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