Noble Investment Group Acquires Miami SpringHill Suites by Marriott

Miami, FL - July 24, 2014 – Noble Investment Group ("Noble") today announced the acquisition of the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble’s portfolio.

"This acquisition expands Noble’s footprint in Miami's Airport submarket, which continues to experience robust year-over-year demand growth. Our ability to establish operating synergies in the submarket will allow us to further drive RevPAR penetration at the hotel and yield on this investment," said Noble principal, Ben Brunt.

The SpringHill Suites by Marriott Miami Airport South is located adjacent to the Miami International Airport and features 150 residentially-inspired suites, an outdoor pool, a fully-equipped business center, fitness center, complimentary high-speed wireless internet access, complimentary airport transportation, as well the free Suite Seasons Breakfast ® buffet. The property also features 480 square feet of meeting space for meetings up to 30 people.

SpringHill Suites by Marriott is an upper-moderate all-suites hotel designed for both the business and leisure traveler, offering modern amenities and stylish spaces at a great value. For reservations or more information, please visit www.marriott.com or call the hotel directly at 305-265-0144.

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.