Atlanta, Georgia (Tuesday, July 18, 2023) – Noble Investment Group (“Noble“) today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance.
The portfolio is located in markets throughout Florida, Georgia, South Carolina, Tennessee, and Kentucky, characterized by positive net migration, job growth, and wage growth. The extended-stay, apartment-like offerings are highly desirable for relocations, traveling health professionals, government workers, and infrastructure project-related businesses.
“Noble has acquired forty-eight hotels over the past two years, and we continue to add substantial scale to our extended-stay travel and hospitality platform,” said Ben Brunt, Noble’s Managing Principal & Chief Investment Officer.
