Noble Investment Group has acquired the Embassy Suites by Hilton Tysons Center, a hotel based in the Washington, D.C. area. No financial terms were disclosed.
ATLANTA, Nov. 15, 2016 /PRNewswire/ — Noble Investment Group (“Noble”) today announced the acquisition of the Embassy Suites by Hilton Tysons Corner. The all-suite hotel will undergo a comprehensive guest room and public area upgrade and renovation.
Tysons Corner is Virginia’s largest office market and one of the leading business centers in the nation. Located equal distance from Washington, D.C. and Dulles International Airport, the area is home to a wide range of corporate and regional headquarters who occupy more than 25 million square feet of office surrounded by more than 6 million square feet of retail. The Embassy Suites by Hilton Tysons Corner is adjacent to the new Spring Hill Metro Station, which provides direct access throughout the Washington, D.C. area.
Noble Investment Group has acquired the Embassy Suites by Hilton Tysons Corner.
“This dynamic market has historically enjoyed a strong corporate and retail presence; however, the opening of the Metro’s Silver Line, the largest infrastructure project ever built in the Washington, D.C. region, has led to a boom in high-density multifamily development which is transforming Tysons Corner into a seven day a week urban center,” said Noble principal, Ben Brunt. “The Embassy Suites product is ideally suited to the diverse market demand generators and Noble believes our far-reaching product upgrades will substantially enhance the guest experience.”
The Embassy Suites by Hilton Tysons Corner features 234 two-room suites, a fully-equipped business center, an indoor pool & fitness center, complimentary high-speed wireless internet access, as well as a complimentary cooked-to-order breakfast in the morning along with appetizers and beverages at a nightly Evening Reception. The hotel also offers more than 1,700 square feet of flexible meeting and board room space.
The hotel will remain under the management of HEI Hotels & Resorts. For more information or to make reservations, please visit embassysuites.com or call the hotel directly at 703.883.0707.
Noble Investment Group
Since 1993, Noble has specialized in making value-added, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billion and created thousands of jobs in communities throughout the United States. As a fiduciary to state pensions, university endowments and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital which provides retirement benefits for millions of our country’s teachers, policemen and firefighters as well as resources for students to attend college. For additional information, please visit nobleinvestment.com.