ATLANTA – November 10, 2022 — Morris, Manning & Martin advised Noble Investment Group in an agreement with Choice Hotels International® to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years. The agreement signals increased institutional interest in the largest economy extended-stay brand in the market.
Noble is a real estate investment manager specializing in the travel and hospitality sector. With a track record spanning three decades, Noble has invested more than $5 billion in communities throughout the country, adding value across cycles and creating thousands of jobs. Noble is based in Atlanta.
WoodSpring Suites hotels offer extended stay guests a welcoming environment and straightforward stay—all affordably priced. Franchised by Choice Hotels, WoodSpring Suites is the nation's fastest-growing economy extended stay hotel brand. Each property is newly constructed and built to anticipate the needs of travelers looking for a longer-term stay.
Choice Hotels International is one of the largest lodging franchisors in the world. Choice recently acquired Radisson Hotels Americas, adding nine brands, more than 600 hotels, and approximately 67,000 rooms in the United States, Latin America, the Caribbean, and Canada to its portfolio. With 22 brands, Choice Hotels has more than 7,500 hotels and nearly 650,000 rooms in 46 countries and territories as of August 11, 2022.
The MMM team is led by Tom Gryboski with Lee Lyman in Atlanta. The transaction was announced on November 10, 2022.