NOBLE INVESTMENT GROUP recently made several changes to its leadership structure. The changes came shortly after the Atlanta-based company, led by Mit Shah as CEO, acquired a portfolio of 14 branded hotels.
The changes include six promotions and five new hires, according to a statement from Noble. Four of the changes involve senior director positions.
Dan Konzelmann has been promoted to senior director over Noble’s investment platform. Renee Millett has been promoted to senior project director over managing value-add renovations and new development projects.
Among the new hires, Jody Ward joins Noble as a senior director over third-party management organizations and on-property leadership of Noble-owned assets. He has held leadership roles with numerous hospitality management companies and hotel brands. Also, Ryan Maher joins Noble as a senior director for Noble’s extended-stay development strategy and build-to-core-to-sell new development opportunities. He has more than 17 years of hospitality development experience.
The other promotions are:
Emily Feeney has been promoted to Director. She is responsible for financing new asset acquisitions, managing capital market relationships, and asset dispositions.
Scarlett Reveron has been promoted to Director. She is responsible for the firm’s internal and external communications and media relations.
Sydney Payne has been promoted to Manager. She is responsible for the accounting, contract administration, and coordination of project development initiatives.
Bo Zhang has been promoted to Associate. He is responsible for information, data, and analytics for our asset management team and investment management strategies.
“I remain proud of these Noble leaders, who represent the outstanding depth and breadth of diverse talent we continue to develop in our organization,” Shah said.
The other new hires include:
Michael Hall is director for Noble’s asset management team, the investment team, and third-party management organizations during Noble’s acquisition and operational transition. He has more than 18 years of hospitality industry experience with revenue and asset management roles.
Nicolas Weatherford is director of institutional investor relationship management. He has eight years of private equity, financial consulting, business development, and investor relations experience.
Dillon Potter is an analyst for sourcing, underwriting, and executing investment strategies on Noble’s investment team. He is a recent graduate of the Cornell School of Hotel Administration with a bachelor’s degree in real estate finance.
“These appointments demonstrate our commitment to recruiting top talent as we continue to expand the depth and breadth of our hospitality investment strategies,” said Noble CEO Mit Shah.
Noble has completed more than $1.5 billion of investment activity since the second quarter of last year and continues to expand. The promotions and new hires are meant to support that growth.
Last month, Noble acquired 14 more hotels in different cities under brands from Marriott International, Hilton, and Hyatt Hotel Corp. They include an AC Hotel in Gainesville, Florida, and the Renaissance Hotel Raleigh North Hills in Raleigh, North Carolina. The company plans to renovate the hotels and alter operations to drive market share and increase profitability.
“The acquisition of these premium branded hotels is consistent with our strategy to invest in well-located assets in high growth markets with healthy business and leisure demand,” said Ben Brunt, Noble’s chief investment officer.
In June, Katherine Minnock became director of investments for Noble and Owen Berry was made the company’s new development manager. Both new hires were meant to support the expansion of Noble’s investment platform.