Mit Shah’s Noble Investment Group Acquires 14-Hotel Portfolio
Posted on 08/21/2022
Noble Investment Group, LLC is a real estate investment manager specializing in the travel and hospitality sector. The firm was founded by Mit Shah in 1993. Host Hotels & Resorts acquired a 49% stake in Noble’s asset management platform with a US$ 90.7 million investment in February 2022.
On August 16, 2022, Noble Investment Group announced the acquisition of a fourteen-asset Marriott, Hilton, and Hyatt hotel portfolio. Noble Investment Group will invest in physical enhancements across the portfolio while optimizing operations to drive market share and increase profitability. Since the second quarter of 2021, Noble Investment Group has invested more than $1.5 billion across the United States in 40 hotels.
