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Noble hires VP for resorts

Having closed its third hospitality-focused fund last year, the firm has hired the former president of GKR Hospitality Group to continue the expansion of its resorts investment.

Atlanta-based Noble Investment Group has named Gary Rosenberg as vice president of resort operations. In his new role, Rosenberg will oversee operations for Noble’s resort properties and will play a key role during development of new resort investments.

The firm is currently developing two new resort hotels with spa, golf and marina operations and has developments underway that will double its resort portfolio within the next three years.

Rosenberg brings to Noble both domestic and international expertise in large scale resort operations. Prior to joining the firm, he was president of Virginia-based GKR Hospitality Group where he provided organizational resort and club management consulting. He was also previously executive vice president and chief operating officer for ClubCorp Resorts, developing a portfolio of resort properties in the US and abroad. While at ClubCorp, Rosenberg also directed the opening and operating strategies of resort properties around the world such as the Homestead Resort in Virginia.

“As we grow our portfolio of resort properties, it is becoming increasingly important to have club and resort core competencies integrated into our operations team,” Bob Morse, Noble chief operating officer and managing principal, said in a statement. “Gary brings a specialized expertise, which will give our team an added competitive edge in the resort arena.”

Noble closed its third hospitality-focused fund last year on more than $310 million (€212 million). The vehicle targets investments in the North American hotel sector. Last year, the firm acquired the Richardson Hotel in Dallas, Texas and also picked up the 483-room Hyatt Regency Milwaukee in Wisconsin.