NOBLE PLANS TWO HOTEL REDEVELOPMENTS

ATLANTA AND MEMPHIS, TENN. — Atlanta-based Noble Investment Group has plans to begin a $40 million renovation of the 191-room Hyatt Atlanta Midtown and the 243-room Memphis Marriott East. The Hyatt Atlanta Midtown is located at the corner of Peachtree and 10th Streets in Atlanta. The $21 million renovation will include removal of the old facade and creation of a modern architectural design, as well as a complete renovation of guest rooms and public spaces. Completion is slated for early 2013. The Memphis Marriott East, located at the intersection of Interstate 240 and Poplar Avenue in Memphis, will undergo a $19 million renovation, which will include a modernized exterior as well as upgraded guest rooms, reconfigured public spaces, a new restaurant and bar, incorporation of a Marriott Great Room lobby and enhancement of 10,000 square feet of meeting and event space. Completion is scheduled for the fourth quarter of 2012.