WHITESTONE CAPITAL, PJD CAPITAL JV ACQUIRES HOLIDAY INN WILKES BARRE, PA

WHITESTONE CAPITAL RECENTLY partnered with PJD Capital to purchase the 152-room Holiday Inn East Mountain in Wilkes Barre, Pennsylvania, marking the first
joint venture between the two real estate companies. Whitestone Capital, a division of Whitestone Companies, is led by CEO Jay Batra, while PJD Capital is headed
by CEO Prakash Datwani.

The Holiday Inn East Mountain features 152 guestrooms and more than 6,000 square feet of event space, the companies said in a joint statement.

“We are excited about our new partnership with PJD Capital to reposition this property into a product the Wilkes Barre community has been craving,” said Batra.
“We expect the transformation to happen in two phases, with the first phase starting later this year. The property will be converted to a very select class of
DoubleTree Hotels. A DoubleTree in name, driven by the power of Hilton, but not a typical DoubleTree. This property will feel more like a soft brand with design
centered around a community-focused, light resort feel.”