Noble Picks up Marriott Hotel near Miami International Airport
- Aug 01, 2014
The recently renovated SpringHill Suites by Marriott Miami Airport South is under new management as Noble Investment Group acquired the facility in late July. The property is the second Miami hotel in the organization’s portfolio.
Founded in 1993, Noble is focused on value-added, opportunistic investments in the lodging and hospitality real estate sector. Noble has invested more than $2.5 billion in upper upscale and upscale hotels throughout the nation through its private equity real estate funds. These are affiliated with Marriott, Hyatt, Hilton and Starwood brands. Launched in 1998, SpringHill Suites by Marriott is a brand specially designed with business and leisure travelers in mind.
The seven-story hotel at 6700 NW 7th Street is located directly adjacent to Miami International Airport and apart from the 150 residentially-inspired suites it features an outdoor pool, a fully-equipped business center, fitness center as well as complimentary airport transportation. The property also features 480 square feet of meeting space with a capacity of up to 30 people. The guest rooms, lobby and public areas at SpringHill Suites Miami Airport South offer complimentary high-speed wireless connectivity.
Principal Ben Brunt is optimistic about the addition, especially due to the “robust year-over-year demand growth” in the area, he said according to a recent written announcement released by Noble.
“Our ability to establish operating synergies in the submarket will allow us to further drive RevPAR penetration at the hotel and yield on this investment,” he adds.
Photo credits: SpringHill Suites by Marriott