Noble Investment Group Acquires Hyatt Place Boulder Development

Hotel a part of new Mixed Use Depot Square Redevelopment at Boulder Junction

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May 29, 2014, 08:32 ET

BOULDER, Colo., May 29, 2014 /PRNewswire/ -- Noble Investment Group ("Noble") today announced the acquisition of the currently-under-construction Hyatt Place Boulder. Scheduled to open in early 2015, the property is located in the city-center of Boulder, Colorado at the Depot Square at Boulder Junction.

Hyatt Place Boulder. (PRNewsFoto/Noble Investment Group)

The Hyatt Place Boulder will feature 150 residentially-inspired, upscale guestrooms, an indoor pool and spa, a fully-equipped business center, a 24-hour StayFit Gym, complimentary high-speed wireless internet access, as well the free a.m. Kitchen Skillet™, the 24/7 Gallery Menu & Market and the Coffee to Cocktails Bar. The Hyatt Place Boulder will also offer approximately 3,600 square feet of meeting and board room 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 for people to live, work, shop, and access regional transit.

"We are delighted to make this investment in the Hyatt Place Boulder and be part of this vibrant community. With our central location in the heart of the city, the hotel will appeal to every component of the market's year-round lodging demand including university, leisure and corporate travelers," said Noble chief investment officer, Rodney Williams. He added, "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."

Hyatt Place is an upscale, select service brand which features a modern innovative design and technologically smart guestroom features. Hyatt Place appeals to guests who expect modern conveniences and product design to accommodate their multi-tasking, 24/7 lifestyle.

About Noble Investment Group
Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has invested more than $2.5 billion throughout the United States in primarily select service and extended stay hotels which are affiliated with premium brands by Marriott, Hyatt, Hilton and Starwood. For additional information, please visit www.nobleinvestment.com.

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SOURCE Noble Investment Group