Noble Investment Group Acquires Hyatt Place Boulder Development
Thursday May 29th, 2014 - 12:08PM BHZ
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BOULDER, CO—Noble Investment Group has acquired the under-construction Hyatt Place Boulder, which is slated to open in 2015 at the mixed-use Depot Square at Boulder Junction.
The Hyatt Place Boulder will feature 150 residential-style guestrooms, an indoor pool and spa, a business center, a 24-hour StayFit Gym, complimentary high-speed wireless internet access, as well as the free Kitchen Skillet, the 24/7 Gallery Menu & Market and the Coffee to Cocktails Bar. The Hyatt Place Boulder also will offer approximately 3,600 sq. ft. of meeting and boardroom space.
Located less than a mile from the University of Colorado campus, the Hyatt Place Boulder at the Depot Square at Boulder Junction is within a 160-acre, pedestrian friendly mixed-use redevelopment of residential, office and retail.
Noble CIO Rodney Williams stated, “Boulder represents an extremely high-barrier-to-entry market due to the strict controls and regulations governed by the City Planning Board. As such, the hotel fits very well into Noble’s investment parameters of positioning premium branded lodging properties in strong performing markets that are difficult to gain entry to.”
Tags: Noble Investment Group • Hyatt Place Boulder • mixed-use • Depot Square at Boulder Junction • Hospitality • Brands • Ownership • Investment Funds •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.