Noble Investment Group Acquires the 150-key Hyatt Place Boulder Development
To Open Early in 2015
Boulder, CO - June 2, 2014 - Noble Investment Group ("Noble") today announced the acquisition of the currently-under-construction Hyatt Place Boulder. Scheduled to open in early 2015, the property is located in the city-center of Boulder, Colorado at the Depot Square at Boulder Junction.
The Hyatt Place Boulder will feature 150 residentially-inspired, upscale guestrooms, an indoor pool and spa, a fully-equipped business center, a 24-hour StayFit Gym, complimentary high-speed wireless internet access, as well the free a.m. Kitchen Skillet™, the 24/7 Gallery Menu & Market and the Coffee to Cocktails Bar. The Hyatt Place Boulder will also offer approximately 3,600 square feet of meeting and board room space.
Located less than a mile from the University of Colorado campus, the Hyatt Place Boulder at the Depot Square at Boulder Junction is within a 160-acre, pedestrian friendly mixed use redevelopment for people to live, work, shop, and access regional transit.
"We are delighted to make this investment in the Hyatt Place Boulder and be part of this vibrant community. With our central location in the heart of the city, the hotel will appeal to every component of the market's year-round lodging demand including university, leisure and corporate travelers," said Noble chief investment officer, Rodney Williams. He added, "Boulder represents an extremely high barrier to entry market due to the strict controls and regulations governed by the City Planning Board. As such, the hotel fits very well into Noble's investment parameters of positioning premium branded lodging properties in strong performing markets that are difficult to gain entry to."
Hyatt Place is an upscale, select service brand which features a modern innovative design and technologically smart guestroom features. Hyatt Place appeals to guests who expect modern conveniences and product design to accommodate their multi-tasking, 24/7 lifestyle.
About Noble Investment Group
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. For additional information, please visit www.nobleinvestment.com.
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 
