CHICAGO, July 30 // PRNewswire-FirstCall // -- Global Hyatt Corporation today announced that Noble Investment Group has been awarded its first-ever Strategic Partnership Award. This award was created to recognize companies whose culture, strong performance and operating philosophies have resulted in a long-term, multi-brand partnership with Hyatt.
The Strategic Partnership Award was presented to Mit Shah, senior managing principal and CEO of Noble Investment Group, by Global Hyatt Corporation's Chairman Thomas Pritzker and CEO Mark Hoplamazian.
Hyatt has worked to develop a valuable partnership with Noble, which currently owns and operates 11 hotels in the Hyatt brand portfolio - four Hyatt Regency Hotels and seven Hyatt Place hotels - with another three in various stages of development.
"A key aspect of hospitality is about creating a mutually beneficial relationship for everyone involved and the partnership Hyatt has had with Noble Investment Group is a perfect example of how two leading organizations can continually create opportunities for the other," said Jim Abrahamson, head of development for The Americas, Hyatt Corporation. "Hyatt is committed to being the most preferred brand for not only guests and employees, but for our partners as well. We recognize that we need to offer them something extraordinary and by ingraining that philosophy into our culture, we're confident that's an achievable goal."
"Our entire team at Noble is extremely proud to be the recipient of Hyatt's inaugural Strategic Partner Award. The leadership team at Hyatt is passionate about their approach to partnership both in proactively working with us to incubate investment opportunities and further in their collaboration with our operating team to drive RevPAR premiums and other important performance metrics," said Rodney Williams, Noble's managing principal and chief investment officer.
Noble is a leading sponsor of private equity real estate funds and an integrated operating and development organization that specializes in making value-added investments in hotels and resorts throughout North America. An award winning operator of more than 8,000 hotel and resort guest rooms, convention and conference centers with approximately 1 million sq. ft. of meeting space, as well as championship golf, day and resort spas, upscale restaurants, and branded retail coffee stores, Noble and its predecessors have realized superior risk-adjusted returns while acquiring and developing more than $2.5 billion in lodging and hospitality assets. Noble's current discretionary private equity fund represents $310 million of equity commitments, which provides the organization the ability to invest more than $1 billion in lodging-related assets. For more information, visit http://www.nobleinvestment.com.
Global Hyatt Corporation, one of the world's premier hotel companies with properties in 45 countries, provides authentic hospitality to guests through a passionate commitment to personalized service, cultural relevance, and genuine stewardship of the environment. Headquartered in Chicago, the company's affiliates own, operate, manage and franchise Hyatt-branded hotels and resorts under Park Hyatt(R), Andaz(TM), Grand Hyatt(R), Hyatt Regency(R), Hyatt Resorts(TM), Hyatt(R), Hyatt Place(R) and Hyatt Summerfield Suites(R) brands. Hyatt operates 368 hotels worldwide and currently has properties under development on five continents. Global Hyatt Corporation is also the owner of Hyatt Vacation Ownership, Inc., and operator of Hyatt Vacation Club(R). From the U.S. and Canada, reservations for any Hyatt hotel worldwide may be obtained by calling 1-800-233-1234 or visiting http://www.hyatt.com.