Atlanta, Georgia – Noble Investment Group (“Noble”) today announced the acquisition of a 35-asset portfolio, significantly advancing the firm’s branded long-term accommodations platform.
The portfolio comprises 35 Sonesta Simply Suites totaling more than 4,000 rooms across 19 states and 25 markets, with concentrations in high-growth Sunbelt and corporate-demand corridors. The acquisition is immediately accretive, supported by strong in-place occupancy, stable cash flow, and an attractive basis relative to replacement cost.
The branded long-term accommodations segment continues to benefit from powerful secular tailwinds, including rising workforce mobility, housing affordability constraints, and limited new supply.
These fundamentals present a structural opportunity for Noble – to acquire at compelling yields, unlock performance through operational alpha, and deliver stable distributions while compounding long-term growth. This portfolio directly advances that strategy and adds meaningful scale to our platform. Ben Brunt, chief investment officer of Noble
Over the past year, Noble has deployed capital into more than 100 assets across 62 markets nationwide. The platform is purposefully concentrated in locations with durable demand visibility, institutional liquidity, and operational upside—markets where Noble’s disciplined investment and operating approach drives strong, repeatable cash flow and long-term value creation for investors.
Noble was advised in connection with the transaction by Seyfarth Shaw‘s hospitality group.
About Noble Investment Group
Noble is an award-winning real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, Noble has invested over $6.0 billion in communities throughout the country, adding value across cycles and supporting the significant creation of jobs. PERE has named Noble one of the Top 200 Global Investment Managers, and the firm has been recognized as one of the Best Places to Work by Pensions & Investments and the Atlanta Business Chronicle.
As a fiduciary to institutional investors, including foremost pensions plans, endowments, foundations, wealth management firms, and insurance companies, Noble’s endeavors help to preserve and grow our limited partners’ capital, which assists in providing retirement benefits for our country’s teachers, law enforcement, firefighters, other pensioners, and financial resources for students to attend college. For more information, please visit www.nobleinvestment.com.
