Noble Nabs Ariz. Hotel Duo With New Branding Plans

Law360, New York (November 5, 2013, 4:47 PM EST) -- The lodging-focused Noble Investment Group LLC announced Tuesday that it has scored a pair of hotels in Arizona, which it plans to renovate and reposition under Hilton Worldwide Inc. and Hyatt Hotels Corp. flags.

Per the deal, the hotel investment firm has picked up two Windmill Suites hotels, one by the Tucson-based University of Arizona and the other near Phoenix. Financial details were not disclosed, but Noble said it plans to inject about $18 million into renovating the properties and rebranding them, according to a statement....
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