Noble Investment Group Acquires the Residence Inn by Marriott Philadelphia Great Valley | Malvern
Noble Investment Group ("Noble") has announced the acquisition of the Residence Inn by Marriott Philadelphia Great Valley | Malvern.
The all-suite, extended stay hotel, which opened in April 2016, is
located in Great Valley/Malvern proximate to the Route 29 and
Pennsylvania Turnpike interchange, within the King of Prussia/Valley
Forge submarket.
The Great Valley/Malvern subsection of the King of Prussia/Valley
Forge submarket is home to some of the largest corporations in the
suburban Philadelphia region, consisting of approximately 17 million
square feet of office space, including the corporate offices for
Vanguard, Saint Gobain, Teva Pharmaceuticals and Endo
Pharmaceuticals. The Residence Inn by Marriott Philadelphia Great Valley
| Malvern, located prominently within the mixed-use development,
Charlestown Village, offers a variety of walkable restaurant and retail
amenities, and convenient access to Great Valley Corporate Center and
King of Prussia Mall.
“Noble is pleased to add this recently built, high quality asset to
its growing portfolio,” said Noble principal, Ben Brunt. “We have always
been impressed with the depth of corporate demand in the western
Philadelphia suburbs located there to capitalize on the in-place talent
that rises through the impressive breadth of colleges and universities
in the region. We look forward to engaging with the community and
region that are steeped in our country's culture and history.”
The Residence Inn by Marriott Philadelphia Great Valley | Malvern
features 127 studio and one-bedroom suites, each with fully-equipped
kitchens. The hotel offers a 24-hour business center and fitness center,
laundry facilities, grocery shopping service and complimentary internet
access throughout the hotel. Guests can enjoy a complimentary hot
breakfast, as well as evening socials at The Residence Inn Mix each
Monday through Wednesday. Other amenities of the pet-friendly hotel
include an indoor pool and BBQ & picnic area. The hotel also offers
nearly 500 square feet of flexible meeting and board room space.
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 
