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CLEVELAND, OHIO — Noble Investment Group has acquired four Residence Inn by Marriott hotels within the Greater Cleveland area for a reported $53.4 million. The acquisition included the 174-room Residence Inn Cleveland Beachwood for $19.4 million; the 175-room Residence Inn by Marriott Cleveland Downtown for $15.4 million; the 118-room Residence Inn Cleveland Independence for $9.7 million; and the 96-room Residence Inn Cleveland Mentor for $9 million, according to Crain’s Cleveland Business. All four assets were purchased through investment funds, including NF II Beachwood LLC, NF II Cleveland LLC, NF II Independence LLC and NF II Mentor LLC, respectively. Each hotel is set to undergo significant renovations.