ATLANTA—Noble Investment Group (Noble), a lodging and hospitality investment organization, announced the opening of the Memphis Marriott East Hotel. In addition to a strong medical infrastructure, the area is home to more than 7.7 million square feet of office space which includes the world and executive headquarters for Federal Express, International Paper, ServiceMaster and other Fortune 500 companies. Noble began a comprehensive $19 million redevelopment after acquiring the hotel in 2011.
“The new Memphis Marriott East is a strong example of Noble’s ability to source investment opportunities where we can reposition first class real estate through renovations and rebranding in order to maximize income and profitability,” said Rodney Williams, Noble’s chief investment officer.
The 232-room Memphis Marriott East features a new interior and exterior along with reconfigured public spaces and food and beverage offerings, the incorporation of the Marriott Great Room lobby, and enhancement of the more than 9,000 square feet of meeting and event space. Amenities include on-site audio/visual services, a business center, high-speed internet access, in-room dining, laundry/valet service, and a health club and indoor pool.