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Announced

Noble completed the acquisition of Hampton Inn and Home2Suites.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Hotels and Motels

hotel

United States

inn

Private

Majority

Single Bidder

Domestic

Acquisition

Friendly

Completed

Synopsis

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Noble Investment Group, a minority-owned real estate investment manager, completed the acquisition of Hampton Inn and Home2Suites by Hilton Tampa Downtown | Channel District, two hotels. Financial terms were not disclosed. "Tampa's diversified demand and pro-business climate have made the city one of the top-performing lodging markets in the US during the Post-Covid Recovery and the #3 US City for Net Migration in 2020. The Hampton Inn and Home2 Suites Downtown are high-quality assets that are positioned at the epicenter of Downtown Tampa's exciting growth," Ben Brunt, Noble's CIO.

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