Joins Noble Investment Group as a Managing Principal
|ATLANTA, Ga., March 19th, 2007 – Privately held Noble Investment Group
(“Noble”), a leading investment management, operating and development organization
in the lodging and hospitality industry, today announced that David J.
(Dave) Weymer has joined the organization as a managing principal and a
member of it’s investment committee.
Weymer has broad and diverse expertise in investment banking and real estate finance, asset management and dispositions in addition to his background as a practicing general counsel. In the new role, Weymer will lead all areas of capital markets, legal and asset management for Noble and its private equity funds, representing existing assets in excess of $700 million in value, and its current platform to invest more than $1 billion in the lodging industry over the next three years.
“Dave is a highly regarded leader in our industry and is an outstanding addition as a partner on our team,” said Mit Shah, Noble’s chief executive officer. “His exceptional background and talents bring valuable core competencies and depth to the Noble organization as we continue to successfully execute our investment strategies.”
“Noble has built a best-in-class team of partners and professionals across all investment, property operations, development and finance disciplines. This team has an exceptional track record of delivering superior returns through an active, hands-on and value-added approach, and I look forward to contributing to the organization’s future success,” Weymer stated.
Prior to joining Noble, Weymer was a managing director for Thayer Lodging Group, where he was principal for 12 years. At Thayer, he was responsible for securing approximately $1.8 billion in debt placement, closing approximately $1.7 billion in acquisitions and selling approximately $1.8 billion in assets. Previously, he was assistant general counsel for Prime Retail, a publicly traded outlet mall developer, and formerly was senior counsel for United States Fidelity & Guaranty Company, with responsibility for legal issues and work on a diversified $1 billion real estate portfolio.
Weymer received his B.A. in History from Wake Forest University, where he graduated magna cum laude and Phi Beta Kappa, and a J.D. from the University of Baltimore, where he graduated summa cum laude. He is a member of the American Bar Association and the Urban Land Institute, and is active in a variety of real estate and lodging industry organizations and boards.
Noble Investment Group is an integrated real estate investment management, operating and development organization focused on the North American lodging and hospitality sector. Through its private equity funds, Noble is a value-added, active investor in luxury and upscale hotels and resorts. By strategically utilizing the organizations in-house property management and project development core competencies, Noble has achieved premium risk-adjusted investment returns since 1993.
Noble and its predecessors have acquired and developed more than $1.5 billion in assets and in 2006, the company made an aggregate of $500 million in lodging investments. Noble’s current discretionary private equity fund represents $310 million of equity commitments and expects to invest more than $1 billion in assets during the next three years.
Noble's development division leads the planning, programming, construction management and realization of complex lodging development, re-development and conversion strategies. Currently, Noble is actively developing more than $1 billion of urban, resort and mixed-use hospitality projects throughout North America.
Noble's management division is an award-winning operator of independent destination resorts and branded, upscale hotels affiliated with the Marriott, Starwood, Hilton, Hyatt and IHG brands. Noble operates more than 7,000 hotel and resort guest rooms, convention and conference centers with more than 800,000-sq.-ft. of meeting space, as well as championship golf, day and resort spa’s, upscale restaurants, and branded retail coffee stores.
Noble Investment Group
|Also See:||The Lodging Ledger / Skyrocketing Transaction Volume and Pricing / Investment Timing is Key / Steve Hennis / February 2007|
|Noble Investment Group Adds Depth to Development Division, Formerly Known as Stormont Noble Development; Currently Has More than $600 million in Projects Under Design and Development / January 2006|