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Noble Investment Group Opens of the 232-room Memphis Marriott East in Tennessee

Completing a $19 Million Redevelopment and Rebranding


ATLANTA, Dec. 12, 2012 -- Noble Investment Group (Noble), a leading lodging and hospitality investment organization, announced the opening of the Memphis Marriott East Hotel located along Memphis's eastern corridor perimeter beltway at the intersection of I-240 and Poplar Avenue. In addition to a strong medical infrastructure, the area is home to more than 7.7 million square feet of office space which includes the world and executive headquarters for Federal Express, International Paper, ServiceMaster and other Fortune 500 companies. Noble began a comprehensive $19 million redevelopment after acquiring the hotel in 2011.

"The new Memphis Marriott East is a strong example of Noble's ability to source investment opportunities where we can reposition first class real estate through renovations and rebranding in order to maximize income and profitability," said Rodney Williams, Noble's chief investment officer.

The Memphis Marriott East features a modernized new interior and exterior along with reconfigured public spaces and food and beverage offerings, the incorporation of the Marriott Great Room lobby, and enhancement of the more than 9,000 square feet of meeting and event space. Each of the new 232 rooms and suites feature amenity filled comfortable surroundings influenced by the rich history and culture of Memphis. Enhanced guest experiences along with on-site audio/visual services, technologically advanced business center, high-speed internet access, in-room dining, laundry/valet service, and a state-of-the art health club and indoor pool provide unparalleled comfort and convenience for both business and leisure travelers.

About Noble Investment Group

Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has invested more than $2 billion in upper upscale and upscale hotels located throughout the United States which are affiliated with premium brands by Marriott, Hyatt, Starwood and Hilton. For additional information, please visit www.nobleinvestment.com

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Contact:

Bonnie Herring
Director, Corporate Communications
Noble Investment Group
(404) 262-9660
bonnie.herring@nobleinvestment.com




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Also See: Noble Investment Group Acquires the 216-suite Embassy Suites Cleveland/Beachwood in Ohio; Hotel to Undergo an $8.6 Million Renovation / October 2012

Noble Investment Group Acquires the 148-room Hilton Garden Inn Boston Waltham in Waltham, Massachusetts / May 2012

Noble Investment Group Acquires the 226-room Courtyard by Marriott Nashville Vanderbilt/West End Hotel in Tennessee / April 2012

Noble Investment Group Acquires the Hotel Midtown in Atlanta and the Holiday Inn Memphis East to be Redeveloped as the Hyatt Atlanta Midtown and Memphis Marriott East / February 2012

Noble Investment Group and Interstate Hotels & Resorts Form New Dedicated Hotel Management Platform; Interstate Acquires Noble Management Group, Will Now Operate as Noble-Interstate Management Group / November 2011

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Interstate Hotels & Resorts Appoints Three Vice Presidents to Head Up Moscow Operations / February 2007
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