Noble Investment Group Completes Acquisition of the Homewood Suites by Hilton Atlanta-Alpharetta

ATLANTA and ALPHARETTA, Ga., Sept. 7  /PRNewswire/ -- Noble Investment Group, one of the industry's leading owner/operators of luxury and upscale hotels and resorts, today announced the completed acquisition of the 112-suite Homewood Suites by Hilton Atlanta-Alpharetta in Georgia from Winston Hotels Inc. (NYSE:WXH).  The 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.

Hotel amenities include an outdoor swimming pool; complimentary, daily breakfast; meeting facilities that accommodate up to 60 people; guest laundry facilities; on-site cardio exercise room; complimentary use of nearby Gold's Gym; business center and wireless High-Speed Internet access.  Each suite has a fully equipped kitchen, separate living and sleeping quarters and two televisions.

Noble Investment Group, a leading national hospitality organization that invests in luxury and upscale hotels, resorts and convention/conference centers, is a pre-eminent developer of first class hospitality and mixed-use developments as well as an award-winning operator of independent destination resorts and upscale hotels affiliated with Marriott, Starwood, Hilton, and InterContinental Hotels Group.  Currently, Noble operates more than 7,000 hotel and resort guest rooms including over 800,000 sq. ft. of meeting space, convention and conference centers, championship golf courses, spas, and fine dining operations.  Since 1979, Noble and its predecessors have developed and acquired over $1.4 billion in hospitality assets.  In the past year, the company began development on and acquired an aggregate of $500 million in hospitality investments.

CONTACT:  Jerry Daly or Chris Daly of Daly Gray Public Relations, [phone], for Noble Investment Group. 

DATASOURCE: Noble Investment Group



CONTACT:  Jerry Daly or Chris Daly of Daly Gray Public Relations,

[phone], for Noble Investment Group

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