Home Add to Favorite Contact Submit  
           28 March, 2024


    
Category:  Press » Travel & Leisure

 

Noble Investment Group Acquires the Kansas City Marriott - Country Club Plaza Hotel

Popularity:
         Views: 1974
2008-03-27 06:53:01     
Noble Investment Group

Privately held Noble Investment Group ("Noble"), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today announced the acquisition of the 295-room Kansas City Marriott Country Club Plaza in Kansas City, Missouri. The hotel will undergo an $8.8 million comprehensive renovation to all guestrooms, meeting space and public areas and will be operated by Noble under a long-term license agreement with Marriott International. The investment marks the company's tenth acquisition in Noble Hospitality Fund, LLC, the organization's current fully discretionary private equity real estate fund.

"Notwithstanding the major dislocation in the capital markets, our fund team continues to source and execute strong investment opportunities where our operating and development teams can use their core competencies to create value," said Mit Shah, Noble's senior managing principal and chief executive officer.

The 19-story hotel is located approximately four miles south of downtown Kansas City in the renowned Country Club Plaza district. Home to the region's most established high-end retail, commercial and residential area, Country Club Plaza is the sophisticated center of Kansas City's dining, shopping and cultural scene. The hotel boasts 16,000 square feet of meeting space, including a 42-seat amphitheatre, two concierge levels, Main Street Grill, lobby lounge, executive business center, fitness center and indoor swimming pool.

"The acquisition of this first-class hotel is not only consistent with Noble's investment strategy, it also represents the strength of our organizational fund platform as we were able to secure the opportunity, perform due diligence and close an all-cash transaction in a total of six weeks," said Rodney Williams, Noble's managing principal and chief investment officer. "Our team will now focus on increasing market share, revenue and profitability through the combination of the completion of the planned physical enhancements to all guest rooms, meeting space and food and beverage outlets in conjunction with our process based, balanced scored operational framework."

The $8.8 million dollar renovation will begin this year and will result in substantial property improvements to all guestrooms, ballroom and meeting space, as well as public areas to include Marriott's "Great Room," which will provide a comfortable living room atmosphere and an ideal spot for guests to gather and socialize.

About Noble

Noble Investment Group sponsors a series of private equity real estate funds and is an integrated operating and development organization that specializes in making value-added investments in hotels and resorts throughout North America. An award winning operator of more than 8,000 hotel and resort guest rooms, convention and conference centers with approximately 1,000,000 sq. ft. of meeting space, as well as championship golf, day and resort spa's, upscale restaurants, and branded retail coffee stores, Noble and its predecessors have realized superior risk-adjusted returns while acquiring and developing nearly $2 billion in lodging and hospitality assets. Noble's current discretionary private equity fund represents $310 million of equity commitments and the organization expects to invest more than $1 billion in assets during the next two years. http://www.nobleinvestment.com

Media Contacts:

Chris Daly

Daly Gray Public Relations

703.435.6293

Specialized in: Noble Investment Group
URL: http://www.nobleinvestment.com
Print press release      Bookmark this page
Related Press releases 
Fareportal Garners Multiple Accolades at Prestigious Travel Industry Awards (Popularity: ): New York, NY - September 15, 2017 -- Fareportal, the travel technology company powering CheapOair and OneTravel, and the winner of 17 Travel Weekly Magellan Awards over the past six years, today announced they have earned two additional Magellan Awards for their advancements in 2017.This year, Fareportal received a Gold Award for the CheapOair Mobile App and a Silver Award for the CheapOair Website. In 2017, both mobile and web ...
GreenTraveler, The World’s Best All-in-One Food Container, More Than Triples its Goal on Kickstarter (Popularity: ): San Francisco - October 28, 2016 -- GreenTraveler, the world’s best travel friendly reusable food and drink container, has taken off in popularity on Kickstarter. GreenTraveler surpassed its crowdfunding goal in less than 24 hours, and just one week into its campaign the ingenious to-go food container system has raised more than 330-percent of its goal thanks to the support of over 580 backers.“The instant success of our eco-friendly and ...
Visa-Vietnam.org Announces Big Discounts for Loyal Customers (Popularity: ): Ho Chi Minh, Vietnam ( press.abc-directory.com ) November 7, 2014 - Vietnam trips getting cheaper like never before, much to the pleasure of frequent travelers to the oriental land, leading Vietnam visa resource Visa-Vietnam.org has launched BIG discounts for frequent travelers on its eVisa service.Running for over a decade, Visa-Vietnam.org is a name of good repute across the Vietnam visa sector. The company has launched a state of the art ...
Vietnam Immigration Launches Discounts on Corporate Program (Popularity: ): Ho Chi Minh, Vietnam - April 8, 2014 -- Traveling to Vietnam has never been cheaper for corporate tourists, leading Vietnam Visa firm Vietnam Immigration has recently launched great discounts on its corporate program.A seasoned name in Visa Vietnam scene, Vietnam Immigration is currently extending a whopping 26 percent discount on its corporate Visa on Arrival Vietnam, an online Vietnam visa facility that allows the candidates to apply and get ...
Holland America Line's ms Oosterdam Explores the Gulf and ms Amsterdam Sails 14-Day Cruises for 2014 Alaska Season (Popularity: ): SEATTLE, March 18, 2013 -- For the 2014 Alaska cruise season, Holland America Line will feature seven ships sailing exciting seven- or 14-day itineraries that stretch from the Inside Passage up to Glacier Bay and beyond. The line is shifting the 1,916-guest ms Oosterdam to the Glacier Discovery itinerary — between Vancouver, British Columbia, and Seward, Alaska — alongside the 1,260-guest ms Statendam, which will increase verandah and guest capacity ...


Related Business 
Marriott Plaza Hotel Buenos Aires (Popularity: ): The Marriott Plaza Hotel in Buenos Aires has offered luxury accommodations for over a century in Argentina. The Plaza Hotel has hosted many famous world dignitaries and offers some of the best cuisine of Buenos Aires restaurants.
Bank Bug (Popularity: ): The latest on banking and finance. Get 22,500 bonus points when you sign up for a new Marriott Rewards credit card and make any purchase with it. In addition, you get a free night stay to any Marriott hotel upon approval of your account. The 22,500 points you earn are redeemable for 3 nights at category 1 Marriott hotel.
Invisalign Kansas City Missouri (Popularity: ): Invisalign Kansas City, MO practice of Dr Morgan and Westport Plaza Dental Associates have been providing the residence of Kansas City with quality dental service for years. Dr. Morgan offers Invisalign, Invisalign Teen and Invisalign Express.
The Sawgrass Marriott Golf Resort & Spa (Popularity: ): The Sawgrass Marriott Golf Resort & Spa, your ideal choice for Ponte Vedra hotels. The Sawgrass Marriott, named Best Golf Resort in Florida, is a premier Ponte Vedra hotel featuring private beachfront access. Plan your Florida vacation and escape to the Sawgrass Marriott hotel near Jacksonville where eight championship level golf courses, the award winning Spa at Sawgrass, and ten hotel restaurants await you. Over 56,000 square feet of event ...
Crowne Plaza Phoenix Airport (Popularity: ): The Crowne Plaza Phoenix Airport hotel is the closest hotel to the Phoenix Sky Harbor International Airport (PHX) with 24-hour airport shuttle transportation and now you can take advantage of a new METRO Light Rail system, connecting you directly to Downtown Phoenix, Phoenix Convention Center, Downtown Tempe, Mill Ave with shopping and dining, and Arizona State University. As the only hotel with a stop directly on the new Light Rail, ...
CasaMagna Marriott Cancun Resort Hotel (Popularity: ): Looking for a luxury hotel for your Cancun vacation, the CasaMagna Marriott Cancun Resort provides luxury accommodations in the heart of the hotel zone. The CasaMagna offers excellent hotel rooms with views of the Caribbean sea and beaches as well as delicious restaurants and relaxing spa.
Springfield Marriott (Popularity: ): The Springfield Marriott is located near the Basketball Hall of Fame and Six Flags New England in Massachusetts. The Springfield Marriott hotel, near I-91 and I-90, is ideal for Massachusetts family vacations, business trips, and leisure travel.
Kansas City Frogman Club (Popularity: ): Local dive club promoting scuba and skin diving activities and travel in the Kansas City area.
Kansas City Shotokan Karate Club (Popularity: ): Located in Kansas City. Pages provide information on class schedule, dues, instructors and club affiliates.
Hotel Sager Plaza Pune (Popularity: ): Book your stay online instantly at Hotel Sagar Plaza, a luxury hotel located near MG road in Pune, India. Hotel Sagar Plaza, has 76 rooms consisting of 72 Deluxe Rooms and 4 Suites. Situated in the heart of Pune’s commercial and business hub. It is a short walking distance from the well-known shopping center, M.G. Road (Main Street) and off Moledina Road shopping and commercial areas.