Whitestone Capital Enters Joint Venture with Crawford Hoying
October 25, 2022
Whitestone Capital, the capital investment division of Whitestone Companies, has entered a joint venture with Crawford Hoying, a real estate and development firm. Both firms are based in Columbus, OH.
The shared portfolio for this venture includes the Tapestry Collection Hilton (Taos, NM), Hampton Inn Taos, DoubleTree by Hilton (Neenah, WI), DoubleTree by Hilton (Huntington, WV), and Holiday Inn (Wilkes Barre, PA). Together, these hotels represent 639 guest rooms, seven outlets and over 63,000 square feet of commercial banquet and office lease space.
“We are excited to team up with Whitestone Capital on these five market leading hotels,” said Chief Operating Officer of Crawford Hoying, Jeremiah Thomas. He continues, “We look forward to working with the Whitestone team to grow these assets.”
This transaction expands Crawford Hoying’s hospitality portfolio across four new states including Pennsylvania, Wisconsin, West Virginia, and New Mexico.
Jay Batra, Chief Executive Officer of Whitestone Capital explains, “This alliance propels Whitestone Capital and our investors to another level of expansion.” Batra continues, “We are honored to partner with Crawford Hoying and look forward to future endeavors.”
Whitestone Capital specializes in the investment of hotels, mixed-use property, commercial office space and multi-family residential properties spanning across the United States.