Noble Completes Acquisition of Homewood Suites
ATLANTA, GA, September 7, 2006. Noble Investment Group today announced the completed acquisition of the 112-suite Homewood Suites by Hilton Atlanta-Alpharetta in Georgia from Winston Hotels Inc. (NYSE:WXH). The property was acquired in a joint venture between Noble and Walton Street Capital.
"This marks our 5th acquisition so far this year," said Mit Shah, Noble president and chief executive officer. "After a comprehensive physical property improvement plan, we believe the implementation of our proprietary management and marketing systems will position this asset as a market leader."
Located just off the Georgia 400 at Exit 8 and Mansell Road at 10775 Davis Drive, the hotel is within walking distance of many restaurants, the 100-store upscale North Point Mall and the Cooler, a state-of-the-art ice skating facility. Additionally, the property is surrounded by numerous business offices and corporate headquarters, including ACE USA, Ahlstrom, Alltel, Boral Bricks, Ciena, EDS, Imerys, Ingenico, Kimberly-Clark, Lease Plan, Merck & Co., Lucent, McKesson HBOC, MCI, UPS, US Postal Service Retail Operations, Witness Systems and Charter Behavioral.
Hotel amenities include an outdoor swimming pool; complimentary, daily breakfast; meeting facilities that accommodate up to 60 people; guest laundry facilities; on-site cardio exercise room; complimentary use of nearby Gold's Gym; business center and wireless High-Speed Internet access. Each suite has a fully equipped kitchen, separate living and sleeping quarters and two televisions.
Noble Investment Group, a leading national hospitality organization that invests in luxury and upscale hotels, resorts and convention/conference centers, is a pre-eminent developer of first class hospitality and mixed-use developments as well as an award-winning operator of independent destination resorts and upscale hotels affiliated with Marriott, Starwood, Hilton, and InterContinental Hotels Group.
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 
