Noble Investment Group today announced the acquisition of the Courtyard by Marriott New Haven at Yale University.
The hotel is located in downtown New Haven, Connecticut adjacent to the Yale University campus, New Haven'scommercial district, and the 1,541 bed Yale-New Haven Hospital, one of the largest hospitals in the world and the primary teaching hospital for Yale School of Medicine and Yale School of Nursing.
"Noble will invest in physical improvements designed to enhance the guest experience at every level," said Noble principal, Ben Brunt. "Over more than 20 years, we have had great success in adding value to upscale, transient oriented hotels in dynamic markets which include world class learning institutions and major medical centers. We continue to investigate additional opportunities in this market."
The Courtyard by Marriott New Haven at Yale University features 207 guestrooms and suites, a fully-equipped business center and fitness center, complimentary high-speed wireless internet access, as well as a Bistro cafe and a 24/7 grab and go market. The lobby features media pods with cable television, a Boarding Pass Station, and an interactive GO Board for all news, sports, and local information. The Courtyard by Marriott New Haven at Yale University also offers more than 1,600 square feet of flexible meeting and board room space.
JLL Hotels and Hospitality Group represented the seller, 30 Whalley Avenue Associates, in the transaction.
Noble Investment Group was founded in 1993, and specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has made more than $3 billion of investments throughout the United States in primarily select service and extended stay hotels which are affiliated with premium brands by Marriott, Hyatt, Hilton and Intercontinental.
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