Whitestone acquires Homewood Suites in Minneapolis

WHITESTONE COS. RECENTLY acquired the Homewood Suites by Hilton Minneapolis-Mall of America, a 144-room extended-stay hotel near Minneapolis–Saint Paul
International Airport. This is Whitestone’s first investment in Minnesota and fourth Homewood Suites purchase in 18 months.

Regal Hospitality, a subsidiary of Whitestone Cos., will manage the property’s operations, the company said in a statement.

Whitestone and Regal are led by CEO Jay Batra.

“We are excited to welcome the Homewood Suites by Hilton Minneapolis-Mall of America to our portfolio,” Batra said. “The property’s strategic location, combined
with the quality of the Hilton brand, makes it an attractive option for both business and leisure travelers and enhances the value for our investors.”