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ATLANTA-Noble Investment Group reports the closing of its dedicated hospitality investment fund, Hospitality Fund II, which was oversubscribed with $220 million in equity commitments that far exceeded its cap.

The Atlanta-based lodging and hospitality real estate investment firm says that state and corporate pension plans, university endowments and foundations and principals of Noble Investment invested in the fund. Approximately 75% of the capital for Noble Hospitality Fund II was committed by repeat investors and those with a long term relationship with the firm, the company states. Noble Hospitality Fund II has a two-year commitment period.

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