Real estate investment manager Noble Investment Group (Noble) has further expanded its portfolio by acquiring two hotels in the US state of Georgia.
The two properties are Hampton Inn Savannah Historic District and Holiday Inn Express Savannah Historic District.
Both the hotels are located on East Bay Street near several tourist destinations.
In a statement, Noble said: “The hotels’ central location on East Bay Street provides direct access to explore the city’s numerous leisure attractions, is a short ferry ride to the Savannah Convention Center, and is proximate to the Port of Savannah, the country’s third-busiest container port.
“Significant market growth continues with the recently completed mixed-use Plant Riverside District on River Street and the multi-phase Eastern Wharf development, which has delivered additional luxury residential units and class A office space to the city.”
Hampton Inn Savannah Historic District has 147 rooms. Other facilities include an outdoor pool, a fitness centre, a business centre and complimentary Wi-Fi.
The Holiday Inn Express Savannah Historic District also has similar facilities and includes 143 rooms.
Established in 1993, Noble focuses in the upscale US lodging sector. It is said to have invested around $5bn in communities throughout the country.
Last month, Noble acquired newly built Residence Inn by Marriott Charlottesville Downtown, Hyatt House Tallahassee Capitol | University, and the Hampton Inn & Suites Tallahassee Capitol | University.
These hotels are said to be located in strong growth markets.