NOBLE INVESTMENT GROUP of Atlanta is involved in a joint venture building a Homewood Suites by Hilton in Edina, Minnesota.
Noble has teamed up with Simon Property Group, a major national developer of shopping and lifestyle centers, for the project, which broke ground on June 15.
The four-story, 146-unit extended-stay hotel is expected to open in fall 2018. It is part of Southdale Center, a mixed-use development Simon Property owns in the city’s Southdale District.
Noble and Simon have joined forces before. They collaborated on constructing an AC Hotel by Marriott as part of Phipps Plaza, a shopping and office district in Atlanta’s Buckhead neighborhood.
The AC Hotel in Edina will have meeting space, a fitness room, an indoor swimming pool, a lobby bar, a patio with a fire pit, and an outdoor cooking area.
In related news, Noble Investment Group acquired a dual-branded asset in Hanover, Maryland, part of the Baltimore-Washington, D.C., metropolitan area.
The private equity investor on July 11 closed on the purchase of an Aloft, a lifestyle brand, and Element, an extended-stay property, in Arundel Mills, Maryland. Marriott International owns the brands.
The hotels are near BWI International Airport; Fort Meade, an Army base; and several major defense- and government-related businesses, including General Dynamics, Northrup Grumman, Siemens and Booz Allen Hamilton. They also are next to the Arundel Mills shopping center, the largest upscale retail district in the state, and Maryland Live! Casino.
The Aloft Arundel Mills BWI Airport has 142 rooms while the Element Arundel Mills BWI Airport has 147 suites. They were built in 2009 and renovated in 2015. Mit Shah is CEO of Noble.