Noble Investment Group today announced the acquisition of the Courtyard by Marriott Chapel Hill. Located in the heart of the renowned triangle area and immediately adjacent to the University of North Carolina at Chapel Hill and UNC Health Care, the property will undergo a number of enhancements throughout the hotel.
"We are pleased to acquire this first class hotel which is prominently located in the midst of significant educational and medical demand generators," said Noble principal, Ben Brunt. "In addition to the University of North Carolina at Chapel Hill, UNC Health Care, and Blue Cross Blue Shield of North Carolina, the city of Chapel Hill and the triangle-area are experiencing robust success as a live, work and play community."
The Courtyard by Marriott Chapel Hill features 169 guestrooms and suites, an indoor pool and spa, a fully-equipped business center and fitness center, complimentary high-speed wireless internet access, free self-parking, and an outdoor fire pit within its food and beverage offerings for its guests. Serving Starbucks® coffees and teas, the hotel features media pods with cable television, a Boarding Pass Station, and an interactive GO Board for all news, sports, and local information. The Courtyard by Marriott Chapel Hill also offers more than 1,800 square feet of flexible meeting and board room space.
Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has made more than $3 billion of investments throughout the United States in primarily select service and extended stay hotels which are affiliated with premium brands by Marriott, Hyatt, Hilton, Intercontinental and Starwood.
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