Noble takes on Georgia property

Noble Investment
Group has announced the completed acquisition of the
112-suite Homewood Suites by Hilton Atlanta-Alpharetta in Georgia from
Winston HotelsThe property was acquired in a joint
venture between Noble and Walton Street Capital.
  “This marks our 5th acquisition so far this year,” said Mit Shah, Noble
president and chief executive officer. “After a comprehensive physical
property improvement plan, we believe the implementation of our proprietary
management and marketing systems will position this asset as a market
leader.”
  Located just off the Georgia 400 at Exit 8 and Mansell Road at 10775
Davis Drive, the hotel is within walking distance of many restaurants, the
100-store upscale North Point Mall and the Cooler, a state-of-the-art ice
skating facility. Additionally, the property is surrounded by numerous
business offices and corporate headquarters, including ACE USA, Ahlstrom,
Alltel, Boral Bricks, Ciena, EDS, Imerys, Ingenico, Kimberly-Clark, Lease
Plan, Merck & Co., Lucent, McKesson HBOC, MCI, UPS, US Postal Service
Retail Operations, Witness Systems and Charter Behavioral.
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