Noble Funding Group (“Noble“) as we speak introduced the acquisition of ten WoodSpring Suites inns positioned all through the southeastern United States. The agency plans to make bodily enhancements throughout the portfolio to boost market positioning and speed up efficiency.
The portfolio is positioned in markets all through Florida, Georgia, South Carolina, Tennessee, and Kentucky, characterised by optimistic internet migration, job development, and wage development. The extended-stay, apartment-like choices are extremely fascinating for relocations, touring well being professionals, authorities staff, and infrastructure project-related companies.
“Noble has acquired forty-eight inns over the previous two years, and we proceed so as to add substantial scale to our extended-stay journey and hospitality platform,” stated Ben Brunt, Noble’s Managing Principal & Chief Funding Officer.
About Noble Funding Group
Noble is an actual property funding supervisor specializing within the journey and hospitality sector. With a monitor file spanning three a long time, Noble has invested greater than $5.0 billion in communities all through the nation, including worth throughout cycles and creating 1000’s of jobs. As a fiduciary to foremost pensions plans, endowments, and foundations, Noble’s endeavors assist to protect and develop its restricted companions’ capital, which assists in offering retirement advantages for our nation’s lecturers, regulation enforcement, firefighters, different pensioners, and monetary sources for college students to attend faculty. For extra data, please go to www.nobleinvestment.com.
