Noble Investment Group Acquires Residence Inn by Marriott Midtown Atlanta

Noble Investment Group today announced the acquisition of the Residence Inn Midtown Atlanta 17th Street. The 160-suite Residence Inn by Marriott is located at the epicenter of Atlanta's most dynamic urban setting amongst office, retail, first class dining, and a vibrant music, cultural and performing art scene.

"This off-market acquisition is another strong example of Noble's strategy to invest in prominently located urban select service and extended stay hotels affiliated with premium brands," said Rodney Williams, Noble's managing principal and chief investment officer. "We believe the business and arts leadership of Midtown Atlanta has made it one of the best live, work, learn, shop, and play communities in the United States."

Located along the "Midtown Mile" at the epicenter of Atlanta's commercial, music and arts scene, the Residence Inn Midtown Atlanta 17th Street is on Peachtree Road surrounded by 24 million square feet of office space that currently employ more than 86,000 people. The hotel is directly across the street from the 12.25 acre campus of the Woodruff Arts Center which includes the High Museum of Art, the Alliance Theater and the Atlanta Symphony Orchestra. In addition, Piedmont Hospital, a 481-bed private facility with over 3,000 employees and 26,000+ inpatient admissions annually, is located one mile south on Peachtree Road.

The 160 suite upscale hotel will undergo a renovation of its public areas and guest rooms.

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.