Noble Investment Group Acquires Staybridge Suites Tysons Corner - McLean

9/26/17

Noble Investment Group today announced the acquisition of the Staybridge Suites Tysons-McLean. The newly renovated, all-suite, extended-stay hotel is located in downtown McLean, part of the greater Tysons Corner market of Washington, D.C.

The hotel is located in one the deepest corporate office markets in the United States with more than 28 million square feet of office space that is home to numerous Fortune 500 headquarters and many of the largest government agencies in the region. The hotel provides direct access to the Capital Beltway, the Dulles Toll Road and George Washington Parkway linking guests to the main employment and retail center of downtown Tysons Corner to the west and downtown Washington, DCto the east.

The addition of the Silver Line Metro through Tysons Corner as well as a pipeline of 6,000 new multifamily units have been a catalyst to the ongoing transformation of Tysons Corner into a dynamic live, work, play and stay community.

"The Staybridge Suites Tysons-McLean presented us the opportunity to acquire a first-class physical asset in a high barrier to entry market with deep and diversified demand generators. The property benefits from its close proximity to the corporate demand of Tysons Corner, easy access to the Washington, DC central business district and a highly affluent surrounding residential community of McLean," said Noble Vice President, Dustin Fisher.

Staybridge Suites Tysons-McLean features 142 suites each equipped with a full kitchen and flexible work space and offers complimentary high-speed wireless internet access, a fully-equipped, 24-hour business and fitness center and a complimentary buffet breakfast. The pet-friendly hotel also offers a local shuttle, self-laundry facilities and a complimentary evening social Monday – Wednesday. Guests can seasonally enjoy an outdoor swimming pool, fire pit, and patio complete with barbecue grills. For more information or to make reservations, please visit ihg.com/staybridge or call the hotel directly at 703.448.5400.

Noble Investment Group

Since 1993, Noble has specialized in making value-added, opportunistic and income investments in upscale select service and extended-stay hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billionand created thousands of jobs in communities throughout the United States. As a fiduciary to state pensions, university endowments and foundations, Noble's endeavors help to preserve and grow our limited partners' capital which provides retirement benefits for millions of our country's teachers, policemen and firefighters as well as resources for students to attend college. For additional information, please visit nobleinvestment.com

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