Noble Investment Group Acquires 1,396-Room Marriott Hotel Portfolio from Ashford Hospitality Trust

/Noble Investment Group Acquires 1,396-Room Marriott Hotel Portfolio from Ashford Hospitality Trust

Noble Investment Group Acquires 1,396-Room Marriott Hotel Portfolio from Ashford Hospitality Trust

|2016-06-02T12:08:09+00:00June 2nd, 2016|

ATLANTA (June 2, 2016) – Noble Investment Group ("Noble") today announced that it has closed on the acquisition of a 1,396-room portfolio of Marriott branded select-service and extended stay hotels from Ashford Hospitality Trust (NYSE:AHT). Noble intends to make experience enhancing product investments throughout the portfolio to further augment revenue and market position.

The hotel portfolio includes the 150-room Residence Inn Atlanta Buckhead/Lenox Park; the 146-room Courtyard Edison Woodbridge; the 312-room Courtyard Orlando Lake Buena Vista; the 388-room Fairfield Inn and Suites Orlando Lake Buena Vista; and, the 400-suite Springhill Suites Orlando Lake Buena Vista.

The Residence Inn Atlanta Buckhead/Lenox Park is located in Atlanta’s financial district, one of the most desirable areas to live, work, play and visit in the region. The hotel is located within the Lenox Park office complex, the primary southeast campus of AT&T. The hotel is also proximate to an additional 20 million square feet of office and more than 1,400 retailers where shoppers spend more than $1 billion per year.

The Courtyard by Marriott Edison Woodbridge is at the nexus of Interstate-95 and Route 287, 30 miles from Manhattan and 60 miles from Philadelphia. The hotel is proximate to the Raritan Center, one of the largest business parks in the Northeast with a nearly 15 million square foot campus; the 8.5 million square foot Heller Industrial Park; and, the New Jersey Convention and Expo Center, the state’s largest private convention center. The hotel is also convenient to shopping at Menlo Park and Woodbridge Mall.

The Orlando hotels were developed as a complex known as the Marriott Village Orlando Lake Buena Vista. Located immediately off Interstate 4, the major north-south artery in the Orlando market, the Marriott Village campus provides direct access to the main gate of Walt Disney World Resort and is proximate to Universal Studios, SeaWorld® and hundreds of destination shopping retailers. For more information or to make reservations, please visit www.marriott.com

Additional details on this transaction available here.

About Fairfield Inn & Suites by Marriott

Fairfield Inn & Suites by Marriott is designed for today’s traveler who is looking to be productive on the road, whether for business or leisure. In addition to complimentary Wi-Fi and hot breakfast, Fairfield Inn & Suites offers thoughtfully designed rooms and suites that provide separate living, working and sleeping areas. With more than 700 properties throughout the United States, Canada, Mexico and India, Fairfield Inn & Suites hotels participate in the award-winning Marriott Rewards® frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information or reservations, contact the Fairfield Inn & Suites Snyder hotel directly at 325-573-1400, call the Fairfield Inn & Suites toll-free number at 800-228-2800, visit www.fairfieldinn.com.

Contact: Amy Anderson

amy.anderson@pillarhotels.com /937-232-3194

About Marriott International

Visit Marriott International, Inc. (NASDAQ: MAR) for company information. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Contact: Nina Herrera-Davila

nina.herrera-davila@marriott.com /301-380-2691

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