Noble Investment Group last week announced the acquisition of the SpringHill Suites by Marriott Miami Airport South. The property, which recently completed a comprehensive renovation, will be the second Miami hotel in Noble's portfolio.
"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," said Noble principal, Ben Brunt.
The SpringHill Suites by Marriott Miami Airport South is located adjacent to the Miami International Airport and features 150 residentially-inspired suites, an outdoor pool, a fully-equipped business center, fitness center, complimentary high-speed wireless internet access, complimentary airport transportation, as well the free Suite Seasons Breakfast ® buffet. The property also features 480 square feet of meeting space for meetings up to 30 people.
SpringHill Suites by Marriott is an upper-moderate all-suites hotel designed for both the business and leisure traveler, offering modern amenities and stylish spaces at a great value.
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.
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