Noble buys Aloft and Element Arundel Mills hotels

Noble Investment Group (Noble) has taken over the dual-branded Aloft and Element Arundel Mills from LTD Hospitality Group.

The hotels, which were opened in 2009 and renovated in 2015, are located in the Baltimore-Washington Metropolitan area and proximate to BWI International Airport and Fort Meade.

The properties are situated adjacent to Arundel Mills mall, Maryland’s largest upscale retail centre, and Maryland Live! Casino.

The area, which is a prominent corporate centre, is home for companies including General Dynamics, Northrup Grumman, Siemens, CSC, Aerotek and Booz Allen Hamilton.

Noble principal Ben Brunt said: “The Arundel Mills/BWI market has continued expand with a consistent demand base anchored by defense and government related businesses.

“The Aloft and Element acquisition provides Noble the opportunity to acquire an institutional quality, dual-branded hotel, at a significant discount to replacement cost; and at a time when these exciting brands are also set to benefit from joining the Marriott reservation system.”

Noble Investment Group paid an undisclosed price for the 142-room Aloft and 147-room Element. The hotels were built in 2009 and renovated in 2015.

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The 142-room Aloft has amenities such as a 24-hour business centre and fitness centre, an indoor pool, a self-service car wash and hotel-wide complimentary high-speed wireless internet access.

The Element has 147 studios and suites, which come with fully-equipped kitchens with a full-sized refrigerator, range top, microwave, and coffee maker.

It also offers a 24-hour business centre and fitness centre, indoor pool, outdoor patio with self-service grill, 24-hour laundry room, and complimentary internet access throughout the hotel.

Image: Noble Investment Group buys Element and Aloft hotels. Photo: courtesy of PRNewswire/ Noble Investment Group