Fundraising - APRIL 29, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Noble Investments closes second hotel fund

by Sara Kassabian

Atlanta-based Noble Investment Group has held a final close for the second fund in its hospitality series with $220 million in commitments, exceeding its $200 million fundraising goal. Noble Hospitality Fund II launched in 2012 and has a two-year commitment period. In March 2013, the firm had raised $101.7 million.

The fund’s investment strategy involves lodging acquisition, redevelopment and special-purpose new development. The value-added fund has a primary focus on the top 50 metropolitan statistical areas in the United States. It started investing its capital during third quarter 2012.

The fund is the firm’s

Forgot your username or password?