MIAMI—GE Capital Franchise Finance reports itseeded Noble Investment with a $18.5-million termloan used to acquire the SpringHill Suites Miami AirportSouth hotel here.

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The 150-room property is located in the Blue Lagoon office park.Noble Investments currently owns 52 hotels in 19 states. Itsrepresentative brands include Marriott, Hyatt, Hilton,InterContinental Hotels Group and Starwood.

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“Throughout the two decades since we were formed, we've beencareful to work with lenders who really understand the hospitalityindustry,” says Noble Principal Adi Bhoopathy.“Noble and GE Capital began doing business in 1994, and we continueto value the firm's expertise and our financing relationship."

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“The hospitality industry is definitely enjoying an upswingright now,” notes Jim Petty, senior vice presidentresponsible for hospitality financing in the Southeast at GEFF.“We're pleased to build on our long relationship with the team atNoble, who have a sophisticated long-term investment strategy.”

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.