Noble Investment Group Acquires the 226 room Courtyard by Marriott Nashville Vanderbilt/West End

Asset to undergo a $7 million comprehensive property improvement plan

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Apr 24, 2012, 06:00 ET

ATLANTA, April 24, 2012 /PRNewswire/ -- Noble Investment Group ("Noble"), a leading lodging and hospitality investment organization, announced it has acquired the Courtyard by Marriott Nashville Vanderbilt/West End Hotel. The 226-room hotel is located immediately adjacent to Vanderbilt University; three major medical campuses totaling 1,823 beds, several major corporate demand generators and is proximate to Nashville's Music Row.

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"We are pleased to add to our portfolio this prominently located hotel in a market that has historically strong and stable corporate, educational, medical, entertainment and leisure demand generators," stated Rodney Williams, Noble's chief investment officer. "Noble's significant renovation and repositioning of this asset will allow the hotel to take advantage of its exceptional location with a completely refreshed physical product in order to maximize its operating performance."

The Courtyard by Marriott Nashville Vanderbilt/West End is located at the corner of 19th street and West End, the major east-west thoroughfare connecting Downtown Nashville to the West End area, walking distance to Vanderbilt University, major healthcare facilities, and the city's vibrant restaurants and nightlife. Nashville welcomed over 11 million visitors to the city in 2011, offering a depth of culture, sports, history and corporate presence, anchored by the world renowned music scene that is truly the heart and soul of the city.

The redesigned Courtyard by Marriott lobby experience will bring leading technology, inviting work spaces and comfortable areas for guests to relax and recharge. A Courtyard Bistro restaurant and bar will be developed to offer guests breakfast and dinner daily bringing all the comforts of a full service hotel while maintaining the intimate feeling of the hotel. Other property improvements will include a state of the art fitness center, contemporary furnishings and high tech amenities added to the hotel guest rooms and throughout all areas of the hotel.

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 billion in upper upscale and upscale hotels located throughout the United States which are affiliated with premium brands by Marriott, Hyatt, Starwood and Hilton. The organization's current real estate fund represents $310 million of equity commitments. For additional information, please visit www.nobleinvestment.com

SOURCE Noble Investment Group