Noble Investment Group acquires the Courtyard by Marriott Jacksonville Beach Oceanfront. Terms were not disclosed. Located on the shores of Jacksonville Beach, the hotel will undergo a comprehensive enhancement to all hotel guestrooms and suites, public areas, and meeting and event spaces.
In 2024, new census data shows Jacksonville is among the fastest-growing cities in the U.S., and the city was ranked among the list of the best large cities to start a business by Wallet Hub and America's hottest job markets by The Wall Street Journal. The city also earned a spot as one of the 10 Best Places to Live on the East Coast by Travel + Leisure and was listed among the Best Places to Live in the U.S. by U.S. News & World Report.
The hotel has access to the area's primary demand generators, such as the Mayo Clinic Jacksonville, Blue Cross Blue Shield's Florida headquarters and St. Johns Town Center.
"The greater Jacksonville market continues to exhibit the key macro trends we look for in cities that we believe will continue to outperform the broader economy," Noble SVP Dustin Fisher said in a statement. "This high-quality asset will undergo a meaningful upgrade, enabling the hotel to capitalize on the market's depth and breadth of leisure, healthcare, corporate, and government demand."