The portfolio comprises ten Marriott, Hilton and IHG-branded properties spanning the Pacific Northwest, Midwest, Southeast and Northeast—a deliberately diversified footprint anchored by complementary demand generators, including healthcare, higher education, government, logistics and corporate travel, according to the company. The assets are newer vintage, with an average age of less than six years, and deliver high in-place current income, premier global loyalty and distribution platforms, and a basis meaningfully below replacement cost.
“This is precisely the kind of opportunity our platform is built to source, underwrite, and execute,” said Dustin Fisher, principal/head, acquisitions, Noble. “Ten newer-vintage, well-located assets, premium brands, geographic diversification and an attractive basis—paired with a hands-on operating capability that allows us to compound value through disciplined asset management.”
The 10-property portfolio includes:
- Courtyard by Marriott Fargo
- Fairfield Inn & Suites Appleton
- Fairfield Inn & Suites Boise West
- Fairfield Inn & Suites Sioux Falls
- Home2 Suites East Hanover
- Home2 Suites Sioux Falls
- Residence Inn Portland Clackamas
- Residence Inn Providence Lincoln
- SpringHill Suites Greensboro
- Staybridge Suites Denver Thornton
