The Noble Investment Group was very pleased to disclose the success of its latest investment fund round. Known to be one of the experts in hospitality and lodging real estate investment firms in the United States,
Noble Hospitality Fund II, notably exceeded its target with $220 million in equity commitments. The equity commitments came from principals of Noble, renowned state and corporate pension plans and top university foundations. It was estimated that around seventy five percent of the funds were committed by investors that have been supporting the firm and are continuously giving their support over the years. Noble has a two-year holding period with the equity commitment.
Noble's Chief Executive Officer and Senior Managing Principal, Mit Shah, gratefully said, "We remain grateful for our investors' continued trust and confidence in our Noble team and the differentiated value-creation strategy we have been successfully pursuing since 1993."
The Noble organization was founded in 1993. It has invested an estimated of more than $2 billion in high-end hotels situated entirely in the United States and affiliated with renowned names in the hotel industry.
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