ATLANTA, Georgia—Noble Funding Group (Noble) introduced the acquisition of a 35-asset portfolio. The portfolio includes 35 Sonesta Merely Suites, totaling greater than 4,000 rooms throughout 19 states and 25 markets.
“These fundamentals current a structural alternative for Noble—to accumulate at compelling yields, unlock efficiency by operational alpha, and ship secure distributions whereas compounding long-term progress,” stated Ben Brunt, chief funding officer of Noble. “This portfolio straight advances that technique and provides significant scale to our platform.”
Over the previous yr, Noble has deployed capital into greater than 100 belongings throughout 62 markets nationwide. The platform is purposefully concentrated in areas with sturdy demand visibility, institutional liquidity, and operational upside—markets the place Noble’s disciplined funding and working strategy drives sturdy, repeatable money circulation and long-term worth creation for buyers.
Noble was suggested in reference to the transaction by Seyfarth Shaw’s hospitality group.
