Noble Investment Group Acquires Residence Inn by Marriott Denver City Center
December 20, 2018 10:11am
ATLANTA, GA (December 20, 2018) – Noble Investment Group ("Noble") today announced the acquisition of the 228-suite Residence Inn by Marriott Denver City Center in downtown Denver, Colorado.
Downtown Denver is comprised by more than 25 million square feet of Class A office space, a highly dense residential population, and is home to more than 45,000 college students. The city is ranked among Forbes 2018 Best Places for Business and Careers with one of the highest wages and lowest unemployment rates in the United States. U.S. News and World Report ranked Denver No. 3 on the list of 2018 Best Places to Live while Wallethub ranked Denver No. 5 on the list of 2018 Fastest-Growing Big Cities in the United States.
The Residence Inn by Marriott Denver City Center is located in the heart of more than 300 restaurants, three major sports stadiums, the Colorado Convention Center, the Pepsi Center, the Denver Performing Arts Center and a variety of art and history museums. The hotel is also adjacent to the 16th Street Pedestrian Mall which connects to Union Station, the world-class, multimodal transportation hub with direct-rail connection to Denver International Airport.
We are pleased to acquire this premium-branded, urban hotel development in a market that possesses a variety of deep and stable demand generators and a strong long-term growth trajectory,” said Noble principal, Ben Brunt.
noble investment group,
residence inn by marriott denver city center,
residence inn denver city center,
Since 1993, Noble has specialized in making value-add, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billion in communities throughout the United States, creating thousands of jobs. As a fiduciary to state pensions, university endowments and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital which provides retirement benefits for our country’s teachers, policemen and firefighters as well as financial resources for students to attend college. For more information, please visit: www.nobleinvestment.com
Contact: Scarlett Reveron
Avison Young Closes 260 Million YTD 2019
146-Room, Limited-Service, Quality Inn Hotel Will Be Auctioned on RealINSIGHT Marketplace
Gayle Benson, Partners Buy New Orleans' Hyatt Regency; 1st Local Owners of Landmark Hotel
Wexford Lodging Advisors & Trinity Private Equity Group Complete JV Acquisition of 138-Suite DoubleTree Suites Hotel Nashville Airport
AVR Realty Affiliate Acquires AC Hotel San Jose for $95.4 Million
Twin River Completes Dover Downs Acquisition and NYSE Listing
Park Hotels & Resorts Inc. Completes Sale of the Hilton Nuremberg for $17.5 Million
Helix Hospitality Acquires Hampton Inn by Hilton - Wausau, Wisconsin
Paramount Lodging Advisors Arranges the Sale of the DoubleTree by Hilton – Pruneyard Plaza Hotel in Campbell/San Jose California
Apple Hospitality REIT Acquires Home2 Suites by Hilton Orlando Airport for $20.7 Million or $162K per Key
Queensgate Investments Acquires Four Grange Hotels for GBP 1B (US 1.3B)
Cambridge Landmark Acquires Former Sheraton Downtown Philadelphia From The Blackstone Group
Shiji Group Acquires Majority Ownership of Hisense Intelligent Commercial Systems
Fornova Acquires HotelsBI to Provide Full Suite of Business and Distribution Intelligence Solutions for Hotels Worldwide
Avison Young Hospitality Group Recent Closing
Ashford Trust Completes Acquisition of the Hilton Santa Cruz/Scotts Valley for $50 Million
Ashford Hospitality Trust Selects Remington Hotels to Manage 178-Room Hilton Santa Cruz/Scotts Valley
Liaison Washington Capitol Hill Acquired by Metrovest Equities and BLDG Management With YOTEL to Take Over Management
Oxygen Hospitality Acquires Wyndham Garden Phoenix Midtown; Renovation Planned
Best Western® Hotels & Resorts Acquires WorldHotels
Please login or register to post a comment.