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Noble acquires Hilton Garden Inn in Charleston, S.C.

The hotel features a rooftop terrace and swimming pool

NOBLE INVESTMENT GROUP has acquired the Hilton Garden Inn Charleston/Mt. Pleasant in Charleston, South Carolina. The Atlanta-based company is led by founder and CEO Mit Shah

The 133-room hotel is near the Arthur Ravenel Jr. Bridge close to Charleston’s historic district. Also nearby are demand drivers such as the Medical University of South Carolina, the Boeing Co. and Volvo. Amenities include a second-floor rooftop terrace with a swimming pool and 5,000 square feet of meeting and event space, including indoor and outdoor areas.


In 2019, Charleston was named the best small city in the U.S. by Condé Nast Traveler in their Readers’ Choice Awards and Travel + Leisure named it the No. 1 City in the U.S. and No. 12 best city in the world.

“The Charleston market continues to exhibit strong and consistent growth across multiple demand segments and has positioned itself well to further that trend.” said Noble Principal Ben Brunt.

Earlier this month, Noble acquired the dual-brand Hampton Inn & Suites Downtown Denver and Homewood Suites by Hilton Downtown Denver in Denver.

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US Extended-Stay Hotels Outperforms in Q3

Report: Extended-stay hotels outpace industry in Q3

Summary:

  • U.S. extended-stay hotels outperformed peers in Q3, The Highland Group reported.
  • Demand for extended-stay hotels rose 2.8 percent in the third quarter.
  • Economy extended-stay hotels outperformed in RevPar despite three years of declines.

U.S. EXTENDED-STAY HOTELS outperformed comparable hotel classes in the third quarter versus the same period in 2024, according to The Highland Group. Occupancy remained 11.4 points above comparable hotels and ADR declines were smaller.

The report, “US Extended-Stay Hotels: Third Quarter 2025”, found the largest gap in the economy segment, where RevPAR fell about one fifth as much as for all economy hotels. Extended-stay ADR declined 1.4 percent, marking the second consecutive quarterly decline not seen in 15 years outside the pandemic. RevPAR fell 3.1 percent, reflecting the higher share of economy rooms. Excluding luxury and upper-upscale segments, all-hotel RevPAR dropped 3.2 percent in the third quarter.

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