The portfolio is located in markets throughout Florida, Georgia, South Carolina, Tennessee and Kentucky, characterized by positive net migration, job growth and wage growth. The extended-stay, apartment-like offerings are highly desirable for relocations, traveling health professionals, government workers and infrastructure project-related businesses, according to the company.
“Noble has acquired 48 hotels over the past two years, and we continue to add substantial scale to our extended-stay travel and hospitality platform,” said Ben Brunt, managing principal/chief investment officer, Noble.
