Noble Acquires Majority Stake of W Atlanta - Buckhead
November 9, 2011 - An affiliate of Atlanta-based Noble Investment Group has acquired the majority stake of the W Atlanta - Buckhead. Already a minority owner of the prominent 291 room hotel, Noble also completed a long-term loan modification as part of the transaction.
"We are pleased to strengthen Noble's investment position in the W Atlanta - Buckhead located in one of the Southeast's most illustrious addresses," said Mit Shah, CEO, Noble Investment Group. "With its premier location and strong market presence, the W Atlanta - Buckhead should continue to be a significant contributor to our portfolio."
The W Atlanta - Buckhead Hotel is located at 3377 Peachtree Road in the heart of Buckhead, one of Atlanta's most exclusive and most visited districts. Managed by Starwood Hotels and Resorts, the hotel features interiors by celebrity designer Thom Filicia, dining at MARKET featuring chef Jean Georges Vongerichten, and spectacular skyline views from its Whiskey Blue lounge. The W Atlanta-Buckhead is within walking distance to approximately 15 million square feet of first-class office space and some of the country's finest shops, restaurants and entertainment venues.
Founded in 1993, the Noble organization specializes in the lodging and hospitality real estate sector as a value-added investor. Through its private equity real estate funds, Noble has invested more than $2 billion in hotels and resorts throughout the United States and the organization's current discretionary real estate fund represents $310 million of capital commitments.
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 
