Columbus, OH – November 1, 2023 – Whitestone Companies, a rapidly expanding real estate development firm based in Columbus, Ohio, announces its latest acquisition, the TownePlace Suites by Marriott in Urbandale, Iowa. This property is the company’s sixth hotel purchase in 2023 and expands the company’s presence in the mid-tier extended stay market.
“Urbandale is a community positioned to see accelerated growth over the next few years.” said Jay Batra, CEO of Whitestone Companies” We are excited to team up with Marriott and be part of it.”
The TownePlace Suites by Marriott in Urbandale is ideally situated close to the bustling capital city of Des Moines, offering guests a convenient and welcoming stay just moments away from the vibrant cultural and economic hub of the region. The property features 116 well-appointed rooms, offering both business and leisure travelers comfortable and convenient apartment-style accommodations. Guests will appreciate the hotel’s modern kitchen amenities, spacious suites, pool, complimentary breakfast and other personalized service, making it an ideal choice for extended stays, family vacations, and business trips.
“The TownePlace Suites by Marriott is a wonderful addition to our growing extended-stay portfolio,” said Chuck Groger, Chief Revenue Officer of Whitestone Companies. “The on-site team has done an incredible job of building relations in the community. Our plan is to expand on that as we position the TownePlace Suites to be a leader in the marketplace.”
With this addition, Whitestone Companies now showcases a portfolio of 17 hospitality assets across ten states with several more in development. Whitestone Companies is a private investment firm that specializes in identifying value-added real estate across the country and maximizing its potential through either development or repositioning. Based in Columbus, Ohio, the company’s projects focus on the areas of hospitality, multi-family, and office space.
For more information about Whitestone Companies and its growing portfolio of properties, please visit whitestonecompanies.com.
