MIAMI—GE Capital Franchise Finance reports it seeded Noble Investment with a $18.5-million term loan used to acquire the SpringHill Suites Miami Airport South hotel here.
The 150-room property is located in the Blue Lagoon office park. Noble Investments currently owns 52 hotels in 19 states. Its representative brands include Marriott, Hyatt, Hilton, InterContinental Hotels Group and Starwood.
“Throughout the two decades since we were formed, we've been careful to work with lenders who really understand the hospitality industry,” says Noble Principal Adi Bhoopathy. “Noble and GE Capital began doing business in 1994, and we continue to value the firm's expertise and our financing relationship."
“The hospitality industry is definitely enjoying an upswing right now,” notes Jim Petty, senior vice president responsible for hospitality financing in the Southeast at GEFF. “We're pleased to build on our long relationship with the team at Noble, 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.
