ATLANTA, GEORGIA-BASED Noble Investment Group has acquired the New Haven Hotel at Yale University in New Haven, Connecticut. Noble, led by founder and CEO Mit Shah, plans to market the hotel toward new industry emerging in the area.
Along with the university, the 135-room hotel is near the 1,541-bed Yale-New Haven Hospital, the primary teaching hospital for the Yale School of Medicine and the Yale School of Nursing.
“The New Haven Hotel provides Noble the opportunity to acquire a well-built hotel in a fantastic, pedestrian-oriented location surrounded by strong and stable demand generators,” said Noble principal Ben Brunt. “The hotel will be repositioned to provide guests an enhanced experience and capitalize on the growing demand at Yale University, Yale New Haven Hospital and the significantly expanding bio-technology infrastructure in the area.”
The New Haven Hotel features business and fitness centers, a 24/7 grab-and-go market and nearly 1,000 square feet of meeting and board room space.
In May, Noble broke ground on the Element by Westin Nashville in Nashville, Tennessee’s West End neighborhood. The 175-room hotel is scheduled to open in 2020 as part of a 19-acre mixed-use development, oneC1TY.
In June, the company broke ground on the first-of-its-kind dual-brand Courtyard by Marriott and Element by Westin in Midtown Atlanta. That 282-room hotel is expected to open in mid-2021.