Noble Investment raises $144m for hospitality fund

Noble Investment Group, a real estate investment firm, has raised $144 million for Noble Hospitality Fund IV – Value Add, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

Noble Hospitality Fund IV – Value Add will invest in value-added hotel properties throughout the United States and Canada. The fund is seeking to raise $240 million in total capital commitments, according to the filing.

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’ had commitment periods of two years and both employ 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. Noble Hosp