Seyfarth Counsels Noble Investment Group in Significant Expansion by Acquiring Upscale Ten-Hotel Select-Service and Extended-Stay Leading Hotel Brands Portfolio in Nine States

May 6, 2026 – Seyfarth Shaw LLP represented Noble Investment Group in a complex acquisition of a multistate hospitality portfolio encompassing 10 upscale select-service and extended-stay hotels across nine states, marking a significant transaction in the national hospitality investment market and reflecting continued conviction in supply‑constrained travel and hospitality segments.

Seyfarth advised Noble on both the acquisition and financing aspects of the transaction, including negotiating and coordinating franchise agreements across multiple brand platforms, structuring the transaction to align with Noble’s disciplined investment strategy, and managing legal execution across numerous jurisdictions.

The portfolio comprises a deliberately diversified mix of leading hospitality brands, featuring seven Marriott‑branded hotels, two Hilton properties, and one IHG property. The assets span the Pacific Northwest, Midwest, Southeast, and Northeast, anchored by complementary demand drivers such as healthcare, higher education, government, logistics, and corporate travel.

“This transaction reflects the scale and sophistication of today’s hospitality investment market,” said Thomas Gryboski, co‑lead attorney on the transaction. “Noble continues to identify opportunities that combine premium brands, geographic diversification, and compelling fundamentals. Seyfarth is proud to support Noble in executing a portfolio acquisition that aligns with its long‑term vision for high‑quality hospitality assets nationwide.”

“Hospitality transactions of this scope require a deep understanding of brands, franchise structures, and the operational realities of hotel ownership,” said Catherine Morgen, co‑lead attorney on the deal. “We collaborated closely with Noble’s experienced investment and asset management teams to deliver a legal framework that supports their strategy and positions the portfolio for continued success.” 

Gryboski and Morgen led the Seyfarth deal team, which included associates Luke Hoover, Ward Smith, and Tucker Sutlive. 

Noble Investment Group is an institutional real estate investment manager focused exclusively on the travel and hospitality sector. With $5 billion in assets under management, Noble serves as a fiduciary to many of the world's leading institutional investors.

Seyfarth’s Real Estate Department is recognized as one of the largest real estate practices in the US, counseling clients on a local, regional, or national basis. The team services sophisticated clients across a number of industries in each of the largest money center markets across the country. Seyfarth uses its size and depth to partner with clients and to invest in material enhancements in how commercial real estate law is practiced.

About Seyfarth

With approximately 1000 lawyers across 17 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide. The firm is recognized for its innovative approach to delivering legal services, combining deep industry knowledge with advanced technology and substantive excellence.

Seyfarth partners with clients to solve complex challenges across sectors including corporate, litigation, real estate, regulatory compliance, labor and employment, and executive compensation and other benefits work. Committed to collaboration and client-focused solutions, Seyfarth continues to set the standard for legal service delivery in an evolving global marketplace.