Noble Investment Group Announces the Opening of the Memphis Marriott East
232-room hotel has completed a $19 million dollar comprehensive redevelopment and rebranding
ATLANTA, Ga., December 12, 2012—Noble Investment Group (Noble), a leading lodging and hospitality investment organization, announced the opening of the Memphis Marriott East Hotel located along Memphis’s eastern corridor perimeter beltway at the intersection of I-240 and Poplar Avenue. In addition to a strong medical infrastructure, the area is home to more than 7.7 million square feet of office space which includes the world and executive headquarters for Federal Express, International Paper, ServiceMaster and other Fortune 500 companies. Noble began a comprehensive $19 million redevelopment after acquiring the hotel in 2011.
“The new Memphis Marriott East is a strong example of Noble’s ability to source investment opportunities where we can reposition first class real estate through renovations and rebranding in order to maximize income and profitability,” said Rodney Williams, Noble’s chief investment officer.
The Memphis Marriott East features a modernized new interior and exterior along with reconfigured public spaces and food and beverage offerings, the incorporation of the Marriott Great Room lobby, and enhancement of the more than 9,000 square feet of meeting and event space. Each of the new 232-rooms and suites feature amenity filled comfortable surroundings influenced by the rich history and culture of Memphis. Enhanced guest experiences along with on-site audio/visual services, technologically advanced business center, high-speed internet access, in-room dining, laundry/valet service, and a state-of-the art health club and indoor pool provide unparallel comfort and convenience for both business and leisure travelers.
About Noble Investment Group
Founded in 1993, the Noble organization is a value-added investor that specializes in the lodging and hospitality real estate sector. Through its discretionary private equity real estate funds, Noble has invested more than $2 billion in upper upscale and upscale hotels throughout the United States which are affiliated with premium brands by Marriott, Hyatt, Hilton and Starwood. For additional information, please visit www.nobleinvestment.com.