Noble Acquires The Hampton Inn & Suites Charlottesville

Noble Acquires The Hampton Inn & Suites Charlottesville - at The University

USA, Atlanta, Georgia. April 25, 2023

Noble Investment Group ("Noble") today announced the acquisition of the Hampton Inn & Suites Charlottesville - At The University. Prominently located adjacent to the University of Virginia and Medical Center on Main Street, 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 the Charlottesville Historic Downtown Mall. In addition, the new $35 million, 14-acre UVA School of Data Science is scheduled to open to students in spring 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 Senior Vice President 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."

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About Noble Investment Group

Noble is an award-winning real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, the firm has invested over $5.0 billion in communities throughout the country, adding value across cycles and creating thousands of jobs. Noble has been named by PERE as one of the Top 200 Global Investment Managers, and the firm has been recognized as one of the Best Places to Work. As a fiduciary to foremost pensions plans, endowments, and foundations, Noble's endeavors help to preserve and grow our limited partners' capital, which assists in providing retirement benefits for our country's teachers, law enforcement, firefighters, other pensioners, and financial resources for students to attend college. For more information, please visit www.nobleinvestment.com.