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."