Noble Investment Group Acquires 14 Woodspring Suites Hotels

Noble Investment Group has acquired a portfolio of 14 Woodspring Suites hotels located in various U.S. markets.

Noble Investment Group announced the acquisition of 14 Woodspring Suites hotels, expanding its portfolio of branded long-term accommodations. The properties are located across several U.S. markets with strong economic fundamentals and multiple sources of demand.

The acquired assets are described as recently developed and currently demonstrating strong operating performance. According to Noble, the acquisition price was below replacement cost. The transaction is part of the firm’s strategy to grow its presence in the long-term accommodations segment by aggregating assets in a fragmented market.

Noble stated that the acquisition was sourced off-market and aligns with its approach of deploying institutional capital into scalable, operating-oriented investments. The company indicated that the properties require minimal near-term capital investment and are positioned to benefit from its operational platform.

The acquisition is part of Noble’s broader Branded Long-Term Accommodations strategy, which focuses on building a portfolio of assets in the extended-stay sector. The transaction supports the firm’s ongoing capital deployment efforts and is intended to generate income and long-term value.

No specific locations or transaction values were disclosed. The timeline for integration of the properties into Noble’s platform was not detailed in the announcement.