Noble Investment Group acquired 16 WoodSpring Suites long-term extended stay properties through two portfolio transactions. Other terms and conditions were not disclosed. Noble did not disclose the sellers or the geographic distribution of the 16 hotels.
The company described the move as part of its investment in an asset class shaped by demand for flexible and cost-efficient living solutions.
"As affordability challenges and workforce mobility reshape how people live, work, and stay, we're scaling a high-margin, service-light platform that delivers brand-backed reliability without the burden of traditional leases," Ben Brunt, Noble's managing principal and chief investment officer, said in a statement.
According to the company, Noble's platform leverages operational scale, brand trust and market dislocation to create institutional-grade assets engineered to generate stable cash flow, hedge inflation, and deliver long-term value across cycles.