Noble Investment Group Acquires Courtyard by Marriott Chapel Hill

Atlanta, GA – February 24, 2015 – Noble Investment Group ("Noble") today announced the acquisition of the Courtyard by Marriott Chapel Hill. Located in the heart of the renowned triangle area and immediately adjacent to the University of North Carolina at Chapel Hill and UNC Health Care, the property will undergo a number of enhancements throughout the hotel.

"We are pleased to acquire this first class hotel which is prominently located in the midst of significant educational and medical demand generators," said Noble principal, Ben Brunt. "In addition to the University of North Carolina at Chapel Hill, UNC Health Care, and Blue Cross Blue Shield of North Carolina, the city of Chapel Hill and the triangle-area are experiencing robust success as a live, work and play community."

The Courtyard by Marriott Chapel Hill features 169 guestrooms and suites, an indoor pool and spa, a fully-equipped business center and fitness center, complimentary high-speed wireless internet access, free self-parking, an outdoor fire pit within its food and beverage offerings for its guests. Serving Starbucks® coffees and teas, the hotel features media pods with cable television, a Boarding Pass Station, and an interactive GO Board for all news, sports, and local information. The Courtyard by Marriott Chapel Hill also offers more than 1,800 square feet of flexible meeting and board room space.

About Noble Investment Group

Since 1993, Noble has specialized in making value-add, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billion in communities throughout the United States, creating thousands of jobs. As a fiduciary to state pensions, university endowments and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital which provides retirement benefits for millions of our country’s teachers, policemen and firefighters as well as financial resources for students to attend college. For more information, please visit www.nobleinvestment.com.