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ATLANTA, June 7, 2016 - Noble Investment Group ("Noble"), in partnership with Simon Property Group (NYSE:SPG), is slated to reveal the AC Hotel brand in Buckhead this summer. Located at the intersection of Peachtree Road and Wieuca Road, the AC Hotel Atlanta Buckhead at Phipps Plaza will be the brand's inaugural location in the Atlanta market and the state of Georgia and the second AC Hotel in Noble's portfolio after opening the AC Hotel Kansas City last year.

"For over 20 years, Noble has endeavored to make valuable investments in cities throughout the United States. Our hotels are designed to be the living room of our communities and are known for their creativity by day and social buzz by night. Atlanta is our home and we are excited to bring the highly anticipated AC Hotel to our business colleagues, friends and neighbors in our Buckhead community," said Mit Shah, Noble's Chief Executive Officer.

The AC Hotel name has become synonymous with modern, first class European-inspired accommodations, generous amenities, and value for the discerning traveler: a stylish package perfect for each unique guest from urban-chic millennials to business travelers. Founded in 1998, AC Hotels is one of the most highly acclaimed and sought after hotel brands throughout Europe. The AC Hotel Atlanta Buckhead at Phipps Plaza will complement Phipps Plaza luxury retailers such as Bottega Veneta, Celine, Fendi and Gucci as well as Nordstrom and Saks Fifth Avenue.

Along with 166 guest rooms and suites, 24-hour health and fitness including indoor swimming, local companies will be able to take advantage of the 2,500-square-feet of executive meeting space as well as the AC Library. Guests will enjoy a breakfast selection of self-serve European fare in the AC Kitchen while the AC Lounge will boast tapas-inspired small bites, craft beers, cocktails and specialty wines.

With additional AC Hotel locations in Spain, Italy, Denmark, France, Turkey and Mexico, the AC Hotel Atlanta Buckhead at Phipps Plaza will serve to further the brand's international scope and growing imprint within the United States. For more information please visit marriott.com/ac-hotels.

About Noble Investment Group

Founded in 1993, the Noble organization specializes in making value-added, opportunistic investments in the lodging and hospitality retail sector. Through its private equity real estate funds, Noble has invested more than $3 billion throughout the United States in primarily select service and extended stay hotels which are affiliated with premium brands by Marriott, Hyatt, Hilton, Starwood and InterContinental. For additional information, please visit www.nobleinvestment.com.

Contact: Scarlett Ainsworth

Scarlett.ainsworth@nobleinvestment.com / 404) 682-1906

Contact: Sawyer Armstrong

sawyer@lizlapiduspr.com / (404) 688-1466

About Simon

Simon is a global leader in retail real estate ownership, management and development and an S&P100 company (Simon Property Group, NYSE:SPG). Our industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales. For more information, visit simon.com

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