NOBLE INVESTMENT GROUP recently acquired three newly built hotels in Virginia and Florida. The hotels are Marriott International, Hilton Hotels & Resorts and Hyatt Hotels & Resorts brands.
The hotels are the Residence Inn by Marriott Charlottesville Downtown, Hyatt House Tallahassee Capitol | University and the Hampton Inn & Suites Tallahassee Capitol | University. Atlanta-based Noble, led by Mit Shah as CEO, said the hotels are in strong growth markets with a mix of business and leisure demand generators.
The Residence Inn is in Charlottesville, Virginia, near the 27,000-student University of Virginia, the 631-bed UVA Medical Center and Thomas Jefferson’s home at Monticello and the Monticello Wine Trail. Other nearby attractions include the Charlottesville Historic Downtown Mall with more than 120 retail outlets and 30 restaurants, and the new, $120 million, 14-acre UVA School of Data Science that broke ground in October 2021.
The Hyatt House and the Hampton Inn & Suites are in Tallahassee, Florida. As the state capital, the city serves as the epicenter of Florida’s state government. It is home to Florida State University and Florida A&M University, with approximately 40,000 full-time students. Also in the city are FSU’s 79,560-seat Doak Campbell Stadium, and the city is expecting the opening of the $88.0 million FSU College of Business Legacy Hall and the late-2022 delivery of the $200 million, 630,000-square-foot Amazon Robotics Fulfilment Center.
In November, Noble acquired the Homewood Suites by Hilton Salt Lake City | Downtown in Salt Lake City, Utah. The 137-room hotel is in Salt Lake City’s central business and entertainment district, according to Noble. The area contains more than 15 million square feet of office space and several corporate headquarters, including Zions Bancorporation, Questar Corporation, and Goldman Sachs. Also nearby are the Salt Palace Convention Center, Vivint Arena, Gallivan Center, Temple Square and the Utah State Capitol.