Noble Investment Group Expands Portfolio with Acquisition of Marriott and Hyatt Hotels in Indianapolis Area

Noble Investment Group Expands Portfolio with Acquisition of Marriott and Hyatt Hotels in Indianapolis Area

By Nishang Narayan

Published on November 3, 2024

Noble Investment Group has announced the acquisition of the Courtyard by Marriott Indianapolis | Fishers and the dual-branded Hyatt House & Hyatt Place Indianapolis | Fishers, adding to its extensive hospitality portfolio. Located in the bustling Fishers District, these new hotels are surrounded by vibrant dining, retail, and entertainment venues within a 150-acre live-work-play community in Fishers, Indiana—a fast-growing area just outside Indianapolis known for its robust economic expansion and business-friendly environment.

Ben Brunt, Noble's Managing Principal and Chief Investment Officer, highlighted the strategic significance of the acquisition, stating, “Noble is excited to add these new, high-yielding hotels with in-place cash flows to our growing portfolio and capitalize on the region's continued economic expansion.”

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The Fishers area has seen over $2 billion in new development recently, with more investments expected in the coming years, making it an attractive market for the hospitality sector. By incorporating these high-demand properties, Noble aims to leverage the region's growth and further solidify its presence in the hospitality industry.

About Noble Investment Group

With over 30 years in the travel and hospitality sector, Noble Investment Group is a leading real estate investment manager, having invested over $6 billion across U.S. communities and supported significant job creation. Recognized among the Top 200 Global Investment Managers by PERE, Noble is also celebrated as one of the Best Places to Work by Pensions & Investments and the Atlanta Business Chronicle. Noble's investments serve as a fiduciary responsibility to institutional investors, helping grow and preserve capital for pensioners, students, and retirees across the nation.

For further details, visit Noble Investment Group.


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