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

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Marriott International (NYSE:MAR) and Noble Investment Group have broken ground on their 10th StudioRes hotel, marking a significant expansion of Marriott's new extended-stay brand. The milestone follows the recent opening of the first StudioRes in Fort Myers, Florida, with over 50 projects in the signed pipeline, of which approximately half are under construction.

StudioRes is designed to serve longer-stay guests, including professionals on assignment, relocating families, and mobile travelers. The brand leverages Marriott's distribution channels and its 248 million Marriott Bonvoy members to drive customer demand. The brand features a smart, functional design with a fast-to-market prototype that is efficient to build, operate, and scale.

[ "Strong pipeline with over 50 signed projects, half already under construction", "Access to 248 million Marriott Bonvoy members for customer acquisition", "Strategic positioning in undersupplied extended-stay segment", "Efficient build and operation model designed for scalability" ]

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ATLANTA, Sept. 10, 2025 /PRNewswire/ -- Noble Investment Group ("Noble") and Marriott International, Inc. ("Marriott") today announced their 10^th 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.

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.

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SOURCE Marriott International, Inc.

FAQ

How many StudioRes hotels are in Marriott's pipeline as of September 2025?

Marriott has over 50 StudioRes projects in its signed pipeline, with approximately half currently under construction.

Where is the first StudioRes hotel located?

The first StudioRes hotel opened in Fort Myers, Florida.

What is the target market for Marriott's StudioRes hotels?

StudioRes targets longer-stay guests, including professionals on assignment, relocating families, and mobile travelers seeking consistency and reliability.

How many Marriott Bonvoy members can StudioRes hotels tap into?

StudioRes can leverage Marriott's network of nearly 248 million Marriott Bonvoy members to generate customer demand.

How many StudioRes properties have Noble Investment Group and Marriott broken ground on?

Noble Investment Group and Marriott have broken ground on their 10th StudioRes hotel together.