Accord announces commitment to Noble Hospitality Fund V
Accord Group Holdings, a global real estate strategic investment and capital advisory firm, has made a capital commitment to Noble Investment Group’s latest venture, Noble Hospitality Fund V (Noble Fund V).
The investment was made through Accord’s affiliate, the Accord Catalyst Fund, a discretionary institutional comingled fund that seeks to catalyze the growth of real estate managers in the United States and Western Europe. Accord also has initiated an advisory relationship with Noble via its U.S. broker-dealer affiliate, Accord Capital Partners.
“With alternative investments on the rise, we continue to see strong opportunity within the hospitality sector and were pleased to invest in Noble V,” said Desi Co, managing partner, Accord Group. “Hitting the fund’s hard ceiling of $1 billion in equity commitments is a testament to the Noble team and the opportunity presented to institutional investors. The fundamentals of the hotel industry make it uniquely posi