Noble Investment Group (Noble) added to its hotel portfolio with the acquisition of the Courtyard by Marriott Indianapolis | Fishers and the dual-brand Hyatt House & Hyatt Place Indianapolis | Fishers.
The investment group has invested over $6 billion in more than 175 branded hotel properties all over the U.S. Nobel snapped up Residence Inn by Marriott Secaucus Meadowlands in 2018.
This latest acquisition is comprised of newly built hotels located within the Fishers District in Indianapolis, Indiana. The 150-acre live, work, play, and stay development includes office building, housing, dining, retail, and entertainment venues.
“Noble is excited to add these new, high-yielding hotels with in-place cash flows to our growing portfolio and capitalize on the region’s continued economic expansion,” said Ben Brunt, Noble’s Managing Principal and Chief Investment Officer.
In 2022, Nobel acquired a 14-asset hotel portfolio including Marriott, Hilton and Hyatt branded properties located in multiple states including New Jersey, Idaho, Virginia, and Florida. Noble also acquired Marriott, Hilton and Hyatt branded properties in December 2021.
“Through Noble’s institutional real estate funds, we have acquired and developed hotels across multiple cycles, making them more efficient, more profitable, and more valuable,” said Noble Senior Managing Principal & Chief Executive Officer Mit Shah.
About Noble Investment Group
Noble is an award-winning real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, Noble has invested over $6 billion in communities throughout the country, adding value across cycles and supporting the significant creation of jobs.