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Noble Investment Group Opens the Hilton Garden Inn
Suffolk and Suffolk Conference Center in Virginia,
a $30-million Public/private Project

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SUFFOLK, Va., May 16, 2005—Officials of Noble Investment Group today announced the opening of the Hilton Garden Inn Suffolk and Suffolk Conference Center in Virginia.  The $30-million public/private project is the result of a major urban revitalization program that began in 1998.

“The hotel is part of a three-piece revitalization program for the downtown Suffolk area that includes the construction of a cultural center in the local high school and renovation of the Professional Building, an historic downtown landmark,” said Mit Shah, Noble president and chief operating officer.  “Thus far, the program has been a complete success and played a big role in the growth of the downtown area.  Besides these three ‘seed’ projects, other developments have been announced and people and businesses are coming back to town to enjoy the city’s growing amenities.  We are looking forward to continuing our relationship with the city of Suffolk and its prospective leaders in the years to come.”

Located at 100 East Constance Road, the 150-room property is surrounded by a six-acre park on the banks of the Nansemond River, the 35-slip Constance Wharf Marina and Park and is near Virginia Beach, the Chesapeake Bay, and the Norfolk International airport.  The hotel features 14,000 square feet of meeting space in the state of the art Suffolk Conference Center,  wireless internet  throughout the complex, Constant’s Warf restaurant and bar, business center, fitness center, indoor pool and spa. 

“This hotel is the cornerstone in our city’s renaissance,” said Suffolk Mayor Bobby Ralph.  “Noble Investment Group’s successful track record in public-private partnerships is what attracted us to the company.  They have brought vision and practical advice to this project beyond just building a hotel.  Already, we are beginning to see the benefits as the city is responding quite favorably to how it is positively impacting our downtown area.”

“The property’s proximity to local area attractions makes it an ideal addition to our hotel portfolio,” Shah noted.  “We also expect to attract a significant number of small to mid-sized meetings further boosting the local economy.  We expect the Hilton Garden Inn and Suffolk Conference Center to become a market leader in the area as the city draws more visitors with its revitalization program.”

Since 1979, Noble Investment Group and its predecessors have developed and acquired more than $900 million in hospitality assets. In the past year, the company began development on and acquired an aggregate of over $200 million in hospitality investments. 

Contact:
 Noble Investment Group
http://www.nobleinvestment.com/
Also See: Noble Investment Group Completes Acquisition of 603-Room Winston-Salem Adam’s Mark Hotel; Will Convert Facility into Two Hotels, Marriott and Embassy Suites / April 2004
The Ida Cason Callaway Foundation Appoints Noble Management Group to Operate the Callaway Gardens Resort & Preserve; Foundation to Partner with Noble to Reinvent Callaway Gardens / December 2004


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