Noble Acquires Majority Stake in W Atlanta - Buckhead

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Nov 09, 2011, 07:00 ET

ATLANTA, Nov. 9, 2011 /PRNewswire/ -- An affiliate of Atlanta-based Noble Investment Group ("Noble") has acquired the majority stake of the W Atlanta - Buckhead. Already a minority owner of the prominent 291 room hotel, Noble also completed a long-term loan modification as part of the transaction.

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"We are pleased to strengthen Noble's investment position in the W Atlanta - Buckhead located in one of the Southeast's most illustrious addresses," said Mit Shah, CEO, Noble Investment Group. "With its premier location and strong market presence, the W Atlanta - Buckhead should continue to be a significant contributor to our portfolio."

The W Atlanta - Buckhead Hotel is located at 3377 Peachtree Road in the heart of Buckhead, one of Atlanta's most exclusive and most visited districts. Managed by Starwood Hotels and Resorts, the hotel features interiors by celebrity designer Thom Filicia, dining at MARKET featuring chef Jean Georges Vongerichten, and spectacular skyline views from its Whiskey Blue lounge. The W Atlanta-Buckhead is within walking distance to approximately 15 million square feet of first-class office space and some of the country's finest shops, restaurants and entertainment venues.

About Noble Investment Group

Founded in 1993, the Noble organization specializes in the lodging and hospitality real estate sector as a value-added investor. Through its private equity real estate funds, Noble has invested more than $2 billion in hotels and resorts throughout the United States and the organization's current discretionary real estate fund represents $310 million of capital commitments. For more information, please visit www.nobleinvestment.com

SOURCE Noble Investment Group