Noble Investment Group Acquires SpringHill Suites in Miami
Thursday July 24th, 2014 - 9:12AM QZE
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MIAMI—Noble Investment Group has acquired the SpringHill Suites by Marriott Miami Airport South.
The recently renovated property, which includes 150 suites, is located adjacent to the Miami International Airport and marks the company's second Miami hotel. The property also features 480 sq. ft. of meeting space for meetings up to 30 persons.
"This acquisition expands Noble's footprint in Miami's Airport submarket, which continues to experience robust year-over-year demand growth. Our ability to establish operating synergies in the submarket will allow us to further drive RevPAR penetration at the hotel and yield on this investment," stated Ben Brunt, principal, Noble Investment Group.
Tags: Noble Investment Group • SpringHill Suites • Miami • Hospitality • Acquisitions • Owners/Operators • Investment Funds •
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