ATLANTA, Georgia—Noble Funding Group and Marriott Worldwide, Inc. introduced their tenth groundbreaking collectively on a StudioRes resort. This groundbreaking marks the continued enlargement of Marriott’s new extended-stay model.
With a practical design and an environment friendly, fast-to-market prototype, StudioRes is designed to satisfy the wants of immediately’s longer-stay friends, together with professionals on task, relocating households, and cell vacationers.
“Breaking floor on our tenth StudioRes with Noble displays each the fast momentum of the model and the energy of our two corporations’ longstanding relationship over three a long time,” mentioned Noah Silverman, Marriott Worldwide international improvement officer, United States and Canada. “With each corporations’ experience in long-term lodging and Marriott’s distribution channels and the ability of our almost 248 million Marriott Bonvoy members, we’re assured StudioRes is uniquely positioned to generate buyer demand at scale, drive efficiency, and maintain long-term development.”
“Noble is institutionalizing one of the crucial resilient and undersupplied segments on the intersection of hospitality, mobility, and the way individuals keep,” mentioned Mit Shah, chief govt officer, Noble Funding Group. “We’re scaling a branded platform to seize secular demand that has the power to create steady money movement and long-term worth.”
The brand new groundbreaking follows the current opening of the primary StudioRes in Fort Myers, Florida, and displays the model’s enlargement, with over 50 tasks within the firm’s signed pipeline, round half of that are at the moment beneath building.
