American Realty Capital Hospitality Trust has agreed to acquire a portfolio of 13 hotels for a purchase price of $300 million from affiliates of Noble Investment Group. The Noble portfolio consists of 12 premium-branded select-service and extended-stay hotels and one full-service hotel totaling 1,913 rooms across nine states. The hotel flags include include Hyatt Place, Hilton Garden Inn, Hyatt House, Courtyard by Marriott, and Hilton. The acquisitions of the Noble portfolio and other recently announced transactions, when completed, will increase ARC Hospitality’s lodging portfolio to 166 hotels totaling 20,193 rooms across 34 states. Earlier this month, ARC announced agreements to acquire 26 hotels from Summit Hotel Properties for $351.4 million and five hotels from Wheelock Street Capital for $92.5 million.
