Noble Acquires The Q Hotel In Historic Westport Kansas City
ATLANTA, Dec. 12, 2013 /PRNewswire/ -- Noble Investment Group ("Noble") today announced the acquisition of the Q Hotel located in the Historic Westport District of Kansas City, Missouri. The 123-room hotel will undergo a comprehensive renovation and conversion to become one of the first AC Hotels by Marriott properties located in the United States.
AC Hotels by Marriott is a highly acclaimed urban lifestyle hotel brand that currently has 79 properties in Spain, Italy, Portugal and France and will soon be unveiled in the United States. The brand boasts a stylish, urban, cosmopolitan design while creating a tailor-made guest experience.
The renowned Historic Westport District of Kansas City is a thriving shopping and entertainment district which boasts a rich history as the regions oldest established community. Westport is also home to St. Luke's Hospital, The University of Missouri Kansas City, the Kansas City Reserve Bank, the Kansas City Board of Trade as well as the headquarters for Hallmark Cards and Bernstein-Rein."Marriott is a long-standing brand partner of Noble and we are excited to help launch the AC by Marriott brand in the United States," said Noble chief executive officer, Mit Shah. The AC Hotel by Marriott Westport in Kansas City will feature contemporary, simple yet elegant, European-inspired design, local influenced museum-quality artifacts and technology enabled functional spaces to satisfy the needs of today's traveler while connecting them with urban vibe of the city. "Noble's acquisition and subsequent ability to reposition this asset to Marriott's AC Hotels by Marriott, their latest offering in the lifestyle brand category, will enable us deliver a product that is designed and caters to the next generation traveler already prevalent and supportive of the existing retail, restaurant and nightlife businesses in Westport. Our ability to deliver a product targeted to Westport and its surrounding businesses will allow us to maximize operating performance and add substantial value to this investment," said Noble principal, Ben Brunt. About Noble Investment GroupFounded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality real estate sector. Through its private equity real estate funds, Noble has invested more than $2.5 billion in upper upscale and upscale hotels located throughout the United States which are affiliated with premium brands by Marriott, Hyatt, Hilton and Starwood. For additional information, please visit www.nobleinvestment.com SOURCE Noble Investment Group
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV