Noble Acquires The Hampton Inn & Suites Charlottesville | at The University
Noble Investment Group ("Noble") announced the acquisition of the Hampton Inn & Suites Charlottesville - At The University. Prominently located on Main Street adjacent to the University of Virginia and the UVA Medical Center, the hotel will undergo a comprehensive upgrade to all hotel guestrooms and suites, public areas, and meeting spaces.
The Hampton Inn & Suites Charlottesville - At The University is steps away from the more than 120 retail outlets and 30 restaurants at Charlottesville's Historic Downtown Mall. In addition, the new $35 million, 14-acre UVA School of Data Science, is scheduled to open to students in the spring of 2024.
"Charlottesville represents all of the key macro trends we proactively look for when identifying markets we believe will outperform as we enter a new lodging cycle," said Noble's Dustin Fisher. "With its city-center location, this property is well-positioned to capture market share across a diversified mix of leisure, healthcare, and university demand generators. Through our planned value-add renovation, we intend to further enhance the guest experience and solidify the property's position as a top choice for travelers to the area."
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 
