The hotel is located in planned community of Valencia within Los Angeles County, and is integrated into the 1 million sf mixed-use development Valencia Town Center.The Santa Clarita Conference Center features 16,000 sf meeting and event space, including outdoor garden areas overlooking the Valencia Country Club.

Bob Morse, Nobel's chief operating officer, wouldn't discuss the terms of the sale, but said the deal was closed with Nobel's private equity fund and that "we've lined up debt and we're in the process of finalizing it."

The Hyatt is accessible to Downtown Los Angeles, the San Fernando Valley and Ventura, and is about one mile from Six Flags Magic Mountain and Hurricane Harbor Water Park.Because of its location, the hotel's occupancy rate is in the high-70% range, Morse said.

"It gets a lot of business from Six Flags, it attracts a lot of weddings, and parties, and the conference center is keyed toward business meetings, and the business meeting market is holding up very, very well," Morse added.

Noble plans to operate the hotel under a long-term license agreement with Hyatt Hotels Corp. The investment marks the company's 12th acquisition in the Noble Hospitality Fund, LLC, the organization's current, fully discretionary private equity real estate fund. The Hyatt's guest rooms feature upscale amenities and finishes, and views of the surrounding Santa Susana and San Gabriel Mountains.

Noble's current discretionary private equity fund represents $310 million of equity commitments, which provides the organization the ability to invest more than $1 billion in lodging-related assets.