Noble Acquires Hilton Garden Inn Jacksonville, Ponte Vedra
Noble Investment Group ("Noble") announced the acquisition of the Hilton Garden Inn Jacksonville, Ponte Vedra. Located within the Sawgrass Village mixed-use development in Ponte Vedra Beach, Florida, the hotel will undergo a complete guest room and public area renovation.
Jacksonville, Florida is a rapidly growing metropolitan city known for its high quality of life and business-friendly environment. The city's significant economic expansion has led to employment growth four times the national average. The Hilton Garden Inn Jacksonville | Ponte Vedra is located in the renowned Ponte Vedra Beach area of Jacksonville, at the entrance to TPC Sawgrass, home of THE PLAYERS Championship and the new PGA Tour headquarters. The hotel provides direct access to the area's primary demand generators, such as the Mayo Clinic Jacksonville, Blue Cross Blue Shield's Florida headquarters, St. Johns Town Center, and four public beaches with more than 22 miles of coastline.
"The Jacksonville market demonstrates the key macro trends we are looking for in cities which we believe will outperform as we enter a new lodging cycle," said Dustin Fisher, Noble Vice President. "This high-quality asset will undergo a meaningful value-add renovation which will help to drive market share throughout a diversified mix of leisure, healthcare, corporate and government demand generators."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
