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Marriott International and Noble Investment Group Break Ground on Their 10th StudioRes Hotel, Scaling New Extended Stay Brand

1. Marriott announces its 10th StudioRes hotel groundbreaking with Noble Investment Group. 2. StudioRes targets extended-stay guests, meeting rising demand for long-term accommodations. 3. Noble emphasizes undersupplied market opportunities, aiming for stable cash flow. 4. Marriott’s distribution and Bonvoy membership positions StudioRes for strong market demand. 5. Over 50 StudioRes projects are planned, half of which are under construction.

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Why Bullish?

The expansion of StudioRes indicates a strategic growth initiative, potentially boosting investor confidence similar to past successful brand expansions like Marriott's move into luxury segments.

How important is it?

The article's focus on a significant partnership and market expansion signals positive growth potential for MAR, appealing to long-term investors.

Why Long Term?

The continued growth and demand for extended stays may yield lasting revenue increases over several years, akin to past trends in hospitality expansion during economic recoveries.

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, /PRNewswire/ -- Noble Investment Group ("Noble") and Marriott International, Inc. ("Marriott") today announced their 10th groundbreaking together on a StudioRes hotel. A milestone for both companies, this groundbreaking marks the continued expansion of Marriott's new extended stay brand and advances Noble's leadership in branded long-term accommodations, an institutional asset class at the intersection of hospitality and flexible stays. Rendering of Prototypical StudioRes Hotel With a smart, functional design and a fast-to-market prototype that is efficient to build, operate, and scale, StudioRes is designed to meet the dynamic interests of today's longer-stay guest, including professionals on assignment, relocating families, and mobile travelers in search of consistency and reliability.  "Breaking ground on our 10th StudioRes with Noble reflects both the rapid momentum of the brand and the strength of our two companies' longstanding relationship over three decades," said Noah Silverman, Marriott International Global Development Officer, U.S. & Canada. "With both companies' expertise in long-term accommodations and Marriott's distribution channels and the power of our nearly 248 million Marriott Bonvoy members, we are confident StudioRes is uniquely positioned to generate customer demand at scale, drive performance and sustain long-term growth." "Noble is institutionalizing one of the most resilient and undersupplied segments at the intersection of hospitality, mobility, and how people stay," said Mit Shah, CEO Noble Investment Group. "We are scaling a branded platform to capture secular demand that has the ability to create stable cash flow and long-term value."Fueled by factors such as rising workforce mobility and undersupply, there is an accelerating demand for extended-stay hospitality. With a significant pipeline of branded long-term accommodations across high-growth U.S. markets, Noble continues to scale a lean, efficient platform that is anticipated to deliver stability and performance through various economic cycles.This milestone builds on the recent opening of the first StudioRes in Fort Myers, Florida, and reflects the brand's rapid expansion, with over 50 projects in the company's signed pipeline, around half of which are currently under construction.ABOUT MARRIOTT INTERNATIONAL Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of over 9,600 properties across more than 30 leading brands in 143 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.  In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.ABOUT NOBLE INVESTMENT GROUP With more than $6.0 billion invested in travel and hospitality real estate over the past three decades, Noble brings scale, consistency, and focus to one of the most dynamic sectors of the U.S. economy. Noble is entrusted with preserving and compounding capital across market cycles as a fiduciary to globally recognized institutional investors—including pension plans, endowments, foundations, wealth managers, and insurance companies. Named over multiple years as one of PERE's Top 200 Global Investment Managers and a Best Place to Work by Pensions & Investments and the Atlanta Business Chronicle, Noble's track record reflects both performance and purpose. Learn more at www.nobleinvestment.com.SOURCE Marriott International, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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