Noble Investment Group bought a 14-property portfolio of WoodSpring Suites-branded hotels located across the U.S.
Though the news release announcing the deal doesn’t specify locations, it said the hotels are in “a diversified set of high-growth U.S. markets with strong economic fundamentals and multiple demand drivers.” They are recently developed properties with strong in-place operating performance, and Noble bought them at a basis “meaningfully below” replacement cost.
“This portfolio underscores our ability to efficiently scale differentiated operating strategies through disciplined underwriting and off-market execution,” said Dustin Fisher, principal and head of acquisitions at Noble. “With minimal near-term capital requirements and a strong operating foundation, these assets are well positioned to benefit from Noble’s platform capabilities and deliver consistent performance over the long term."
The Atlanta-based real estate investment manager is continuing its buying streak, having acquired two portfolios of hotels late in 2025. It took on 51 Courtyard by Marriott hotels in a joint venture deal in October, and more recently it acquired 35 Sonesta Simply Suites in early December.
The WoodSpring Suites portfolio deal fits in Noble’s branded long-term accommodations strategy. Along with the Simply Suites deal in December, it bought a 16-hotel WoodSpring Suites portfolio earlier in 2025 as well. It has also broken ground on several purpose-built StudioRes by Marriott and opened one in Newnan, Georgia.
In an earlier interview about the Simply Suites deal, Fisher said the extended-stay space proved its resiliency during the COVID-19 pandemic and following recovery. The segment has seen some challenges, but that is a reflection of the U.S. macroenvironment.
“When you focus in on the types of markets that we’re selecting to invest in, you don’t get necessarily the amount of noise that you see at the U.S. macro,” he said.
At the time, Noble closed on $600 million in hotel acquisitions for the year and had another $450 million under agreement. Fisher said the company would continue to look for deal opportunities.
“We kept plugging away I think, for lack of a better term, because we think we can find value at any point in the cycle, and that's what I think we've done this year,” he said.