Noble Investment Group launches value-added hospitality fund
Noble Investment Group, a real estate investment firm, has launched Noble Hospitality Fund IV - Value Add, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Since its inception in 1993, Noble has specialized in making value-added, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental, particularly in North America.
Noble Hospitality Fund II closed in 2013 with $220 million in equity, and Noble Hospitality Fund III closed in 2015 with $233 million in equity. Both funds included Noble principal commitments. Both funds’ commitment periods are two years and both have value-added strategies, focused on lodging acquisitions, re-developments and strategic new developments with a primary focus on the top 50 MSA’s in the United States.