Woodsprings Daytona Beach — Photo by Noble Investment Group

Noble Investment Group ("Noble") today announced the acquisition of ten WoodSpring Suites hotels located throughout the southeastern United States. The firm plans to make physical improvements across the portfolio to enhance market positioning and accelerate performance.

The portfolio is located in markets throughout Florida, Georgia, South Carolina, Tennessee, and Kentucky, characterized by positive net migration, job growth, and wage growth. The extended-stay, apartment-like offerings are highly desirable for relocations, traveling health professionals, government workers, and infrastructure project-related businesses.

"Noble has acquired forty-eight hotels over the past two years, and we continue to add substantial scale to our extended-stay travel and hospitality platform," said Ben Brunt, Noble's Managing Principal & Chief Investment Officer.

About Noble Investment Group

Noble is an award-winning real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, Noble has invested over $6.0 billion in communities throughout the country, adding value across cycles and supporting the significant creation of jobs. PERE has named Noble one of the Top 200 Global Investment Managers, and the firm has been recognized as one of the Best Places to Work by Pensions & Investments and the Atlanta Business Chronicle.

As a fiduciary to institutional investors, including foremost pensions plans, endowments, foundations, wealth management firms, and insurance companies, Noble's endeavors help to preserve and grow our limited partners' capital, which assists in providing retirement benefits for our country's teachers, law enforcement, firefighters, other pensioners, and financial resources for students to attend college. For more information, please visit www.nobleinvestment.com.