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Noble completes renovations at dual-branded Hilton hotels in Denver

It acquired the 302-key Homewood Suites and Hampton Inn & Suites in January

Noble completes renovations at dual-branded Hilton hotels in Denver

NOBLE INVESTMENT GROUP recently completed multi-million-dollar renovations at its dual hotel properties in Denver. The Homewood Suites by Hilton Downtown Denver and Hampton Inn & Suites Downtown Denver in Denver are in the city’s central business district.

Atlanta-based Noble is led by Mit Shah, CEO and senior managing principal.


“We are excited to promote the successful completion of these renovations, which enhance the guest experience and demonstrate our commitment to the Denver community,” said Lee Ann Benavidez, VISIT DENVER’s senior vice president and chief sales and services officer. “Our partnership with these hotels plays a vital role in our mission to create a welcoming environment for all visitors to the city.”

VISIT DENVER is a private nonprofit that markets metro Denver as a convention and leisure destination, according to its website.

Homewood Suites offers 182 King Suites with full in-suite kitchens, while Hampton Inn & Suites includes 120 guest rooms—52 Queen and 68 King rooms—and features a fitness center and indoor pool. Together, the hotels provide nearly 10,000 square feet of event and meeting space.

The hotels share a lobby and are close to the convention center, Michelin-starred restaurants, and the Arts District.

In January, Noble acquired the 302-room dual-brand Hampton Inn & Suites and Homewood Suites by Hilton in Downtown Denver. In October, Noble acquired the Courtyard by Marriott and the dual-brand Hyatt House and Hyatt Place in Fishers, Indianapolis.

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Report: Rising Labor costs tighten US hotel industry margins
Photo credit: iStock

Report: Labor costs tighten U.S. hotel margins

Summary:

  • U.S. hotel margins tighten as demand slows and labor costs remain high, HotStats reported.
  • Unionized hotels carry 43 percent labor costs, versus 33.5 percent at non-union properties.
  • U.S. sees falling group demand and lower profit conversion since the second quarter.

THE U.S. HOTEL industry is showing signs of strain after a strong start to 2025, according to HotStats. Revenue growth is slowing, occupancy is falling and profit margins are tightening, particularly at unionized properties where labor constraints affect performance.

HotStats’ recent blog post revealed that TRevPAR has barely kept pace with labor costs in the first eight months of the year. While TRevPOR remains positive, gains are offset by declining occupancy, a sign that demand is cooling.

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