Wednesday, August 27, 2008

Raleigh Marriott City Center Celebrates Grand Opening

New 400 room luxury hotel features Posta Tuscan Grille, Bar Posta and a Starbucks Coffee Store

RALEIGH, N.C., Aug. 27, 2008- Privately held Noble Investment Group (“Noble”), a leading sponsor of private equity real estate funds and an integrated lodging and hospitality operating and development organization, today celebrated the grand opening of the 400-room Raleigh Marriott City Center (top right rendering) located at 500 Fayetteville Street and attached to the new 500,000 square foot Raleigh Convention Center.

The Raleigh Marriott City Center brings four-star luxury accommodations to the heart of the city’s urban core and is a key component of a vibrant new dining and entertainment district within the $1 billion renaissance of Raleigh’s city center.

The hotel’s inviting, grand lobby was designed to be the living room of the Raleigh and Wake County communities where guests can relax and unwind as they gather to enjoy the culinary creations of acclaimed chefs Marco and Gianni Betti’s Posta Tuscan Grille and neighborhood gathering spots, Bar Posta and Starbucks Coffee.

“We are very pleased and excited to have this prominent new Marriott in the heart of Raleigh’s city center,” said J.W. Marriott, Jr. (middle left photo), chairman and CEO of Marriott International, Inc.

“Noble Investment Group is an award winning partner of Marriott and we congratulate them on bringing this spectacular hotel to life for all residents and visitors to the Raleigh and Wake County areas.”

“Four years ago, we set out to determine the lasting future of our city’s downtown core, and as a result of an enormous amount of passion and commitment, today we celebrate the completion of an important anchor for that vision,” said Raleigh Mayor Charles Meeker. (middle right photo)

“The Noble organization has been an extremely valuable partner to us and delivered a magnificent hotel that will prove to be a great enabler to the success of the new Raleigh Convention Center and tourism in our region. The Raleigh Marriott City Center is a perfect example of how the public and private sectors can work together to realize goals of great significance to our community.”

“The commitment of this community’s leaders to make Raleigh a hub for world-class business, a prominent center for arts and culture, a destination for meetings and conventions, and a thriving place to live, dine and play, has fostered a remarkable transformation of this vibrant city,” said Mit Shah, (bottom left photo)senior managing principal and chief executive officer for Noble. “We are proud to be an integral part of this community and believe that our investment will bring a new level of hospitality and amenities that will continue to galvanize the landscape of Raleigh’s city center.”

CONTACTS:

Bonnie Herring (404) 262-9660
Bonnie.herring@nobleinvestment.com

Heather Freeman (800) 987-9806
Heather@Heatherfreeman.com

Tom Drew (919) 452-6190
Tdrew@501csolutions.com

Roger Conner (301) 380-5605
Roger.conner@marriott.com

Jerry (jerry@dalygray.com) or Melanie (melanie@dalygray.com)

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