Noble Investment Group Acquires Hyatt Place Houston | Sugar Land
Thursday August 7th, 2014 - 9:26AM EB
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HOUSTON—Noble Investment Group has acquired Hyatt Place Houston | Sugar Land. The hotel, which opened in 2010, is located in the Sugar Land area, which is southwest of downtown Houston.
“The Houston MSA continues to be a national leader in economic, employment, and population growth,” said Rodney Williams, Noble's managing principal and chief investment officer. “Development in the Sugar Land submarket, unlike most of Houston, is tightly controlled through specific zoning and development requirements; therefore, Hyatt Place Houston | Sugar Land enjoys the premier select service location in a market with significant barriers to entry."
Hyatt Place Houston | Sugar Land features 214 guestrooms, a business center, a 24-hour StayFit fitness center and outdoor pool, free high-speed wireless Internet access, as well the free a.m. Kitchen Skillet for guests, the 24/7 Gallery Menu and the Coffee to Cocktails Bar. The hotel also offers more than 6,000 sq. ft. of meeting and boardroom space.
Tags: Noble Investment Group • Hyatt Place Houston | Sugar Land • Hospitality • Brands • Acquisitions •
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.