Noble Wraps up Multi-million Dollar Renovation

. October 14, 2008

METAIRIE / NEW ORLEANS, LA, September 27, 2006. Noble Investment Group (NIG), one of the industry's leading owner/operators of luxury and upscale hotels and resorts, today announced that it has nearly completed its multi-million dollar renovation of the former Wyndham Metairie Hotel and has converted and renamed the property the Sheraton Metairie-New Orleans. The 182-room hotel received significant interior improvements, an enhanced exterior appearance, as well as the addition of a sundries alcove, business center and Sheraton Club lounge.

"We have been committed to this hotel and the Metairie community since prior to the arrival of Katrina," said Steven Nicholas, Noble executive vice-president of operations. "We believe the New Orleans market has tremendous, long-term, upside potential. With the completion of this upgrade and conversion, we believe the Sheraton Metairie-New Orleans is well positioned to become the segment leader among upscale, full-service hotels in this market."

Located in the southeast quadrant of Causeway Blvd. and I-10 in Metairie, the seven-story hotel is situated halfway between downtown New Orleans and the New Orleans International Airport. In addition to an adjoining 152-space garage, the hotel provides 5,300 square feet of meeting space, Hedges Bar and Grille, fitness center and outdoor swimming pool.

Other guest services include the Sheraton Club Level with upgraded room amenities and an exclusive Club Lounge. All guest rooms boast the signature Sheraton Sweet Sleeper Bed, which includes a plush top mattress, down pillows, crisp sheets and duvets in rich, solid colors with a simple patterned design. One- and two-bedroom suites provide a warm fireplace and oversized soaking tub and/or wet bar, as well as high-speed internet access and two-line telephone with data ports.

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