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Noble Investment Group Names Rodney S. Williams
Chief Acquisition Officer

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ATLANTA, Ga., September 27, 2004 — Noble Investment Group, one of the hospitality industry’s leading owner/operators of upscale and premium branded hotels, today announced that it has named Rodney S. Williams chief acquisition officer.  In his new position, Williams will be responsible for the company’s new strategic investment fund that will focus on hospitality acquisitions and value-added redevelopments.

“Rodney brings a proven track record in the analysis and execution of hospitality investments,” said Mitesh Shah, Noble president.  “He has built a tremendous reputation in the industry and is the ideal candidate to spearhead our efforts to acquire hotels for our new investment platform.  Our chief investment officer, Jim Stormont, will continue to direct our efforts in our strategic public/private development platform where we have executed on more than $240 million in the platforms first year.”
 
A 25-year hospitality veteran, Williams has been involved strategically in a number of sizable hotel transactions throughout the United States.  During his career, he has held a variety of positions in the industry, beginning in operations in New York City and continuing in the hospitality consulting practices of two large accounting firms, as well as conducting development and strategic planning at Holiday Inn Worldwide.   

Most recently, he was executive vice-president and a founding principal of Hardin Capital, where he oversaw the development of more than $400 million in assets comprising more than 3,000 guest rooms, beginning in 1996.  Additionally, Williams serves as president of the board of directors of Hilton Managers Acceptance Corporation, which provides financing assistance in the form of construction loans for all Hilton brands, and a founding member of the Hilton Garden Inn Owner’s Advisory Council.

Founded in 1979, Noble Investment Group is one of the nation’s foremost privately held, hotel ownership, management and development companies.  Noble currently owns and/or manages 23 hotels with 4,100 rooms together with 41 hotels with 6,044 rooms operated by Alliance Hospitality Management, a majority owned affiliate of Noble Investment Group.  Noble's development arm, Stormont Noble Development, and its predecessors have developed nearly $700 million in preeminent hospitality projects, representing over  5,500 rooms and 300,000 square feet of convention and meeting space.  Noble has an active development pipeline in both the public and private sectors, is a strategic acquirer of hotels and also targets relationships in which the company can provide third-party hotel and conference center management.  Noble is a leading franchise partner of premium-branded hotels under the Marriott, Hilton, and InterContinental Hotels Group brands.


 
Contact:

Noble Investment Group
http://www.nobleinvestment.com/

Also See: Noble Investment Group Breaks Ground on 122-room Courtyard by Marriott on University of Alabama at Birmingham Campus / April 2004
Noble Investment Group Acquires Stormont Hospitality Group / Sept 2003


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