Whitestone Companies Acquires Homewood Suites by Hilton Minneapolis-Mall of America
Whitestone Companies, a premier capital investment firm based in Columbus, Ohio, announced the acquisition of the Homewood Suites by Hilton Minneapolis-Mall of America. Located across from the iconic Mall of America and just minutes from Minneapolis-Saint Paul International Airport, this 144-room extended-stay hotel offers exceptional amenities and a prime location for both business and leisure travelers. This acquisition marks Whitestone's first investment in Minnesota and its fourth Homewood Suites purchase in the past 18 months.
"We are excited to welcome the Homewood Suites by Hilton Minneapolis-Mall of America to our portfolio," Jay Batra, Chief Executive Officer at Whitestone Companies. "The property's strategic location, paired with the well-known quality of the Hilton brand, positions it as an attractive offering for both business and leisure travelers while enhancing the value proposition for our investors."
As part of Whitestone's commitment to revitalizing high-potential hospitality assets, the property will undergo a comprehensive renovation. Planned upgrades include modernized guest suites, refreshed public spaces, and enhancements to popular amenities such as the indoor pool, fitness center, activity area, and outdoor grilling stations.
"We are thrilled to be entering the Minnesota market with such a distinct asset." said Chuck Groger, Chief Revenue Officer for Whitestone Companies. "We love the flexibility of this brand as it caters to a wide variety of guests. What sets it apart is the apartment-style living with full kitchens, complimentary breakfast, and evening receptions most hotels in the area are not able to provide."
Whitestone Companies has selected Regal Hospitality to manage the daily operations of the property. Regal Hospitality, is a trusted management company with a proven record of driving exceptional guest experience and operational efficiency ensuring its properties achieve their full potential.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
