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January 7, 2022

Noble Investment Group buys two hotels in Georgia, US

The two hotels are located close to numerous tourist destinations.

Real estate investment manager Noble Investment Group (Noble) has further expanded its portfolio by acquiring two hotels in the US state of Georgia.

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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.

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Free Report
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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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