Noble Investment Group announced the acquisition of Hyatt Place Houston | Sugar Land. The hotel, which opened in 2010, is located in the prominent Sugar Land area, which is southwest of downtown Houston.
"The Houston MSA continues to be a national leader in economic, employment, and population growth," said Rodney Williams, Noble's managing principal and chief investment officer. He further added, "Development in the Sugar Land submarket, unlike most of Houston, is tightly controlled through specific zoning and development requirements; therefore, Hyatt Place Houston | Sugar Land enjoys the premier select service location in a market with significant barriers to entry."
Hyatt Place Houston | Sugar Land features 214 spacious guestrooms, a fully-equipped business center, a 24-hr StayFit fitness center and outdoor pool, free high-speed wireless internet access, as well the free a.m. Kitchen Skillet™ for guests, the 24/7 Gallery Menu and the Coffee to Cocktails Bar. The hotel also offers more than 6,000 square feet of meeting and boardroom space.
Launched in 2006, the Hyatt Place brand brings to the upscale select service hotel category the authentic hospitality for which Hyatt is known. Inspired by multitasking travelers' 24/7 lifestyle, Hyatt Place hotels combine style with casual hospitality.
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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