Noble Investment Group makes second WoodSpring Suites haul in six months
🏨 Noble Investment Group has acquired 14 WoodSpring Suites hotels in high-growth markets, following a previous acquisition of 16 similar hotels in May. This strategic move is part of Noble's focus on Branded Long-Term Accommodations, enhancing its presence in the extended-stay segment. The portfolio was bought below replacement cost through an off-market process, requiring minimal capital investment. This transaction aligns with Noble's strategy of scaling operations through disciplined underwriting and direct acquisitions.
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