Crawford Hoying has acquired the Homewood Suites by Hilton Columbus OSU in partnership with hotel owner, operator and developer, Shaner Hotel Group. Other terms were not disclosed. This is the 14th hotel within Crawford Hoying’s portfolio, which includes more than 1,800 hotel keys.
Homewood Suites by Hilton Columbus OSU is located in Upper Arlington, Ohio, which is 10 minutes from downtown Columbus and two minutes from The Ohio State University. The 109-key hotel has 725 square feet of event space, a meeting area, workout facility, an indoor pool and more.
“This hotel is a perfect fit for our growing portfolio, and we would love to explore more properties like it,” Crawford Hoying Principal Brent Crawford said in a statement. “We plan to fully renovate the hotel and bring it to Hilton standards within the next several months.”
Homewood Suites is directly adjacent to Crawford Hoying’s twin mixed-use development, The Lane and Westmont at The Lane. This acquisition, which closed in May of 2023, will make a fitting accompaniment to other key features of the development such as Hudson 29, Tupelo Honey and TownePlace Suites Columbus North - OSU, according to the company.
“This was a strategic and opportunistic acquisition for the partnership,” said Plato Ghinos, president of Shaner Hotels. “We are looking for additional opportunities to acquire quality properties that complement our current development pipeline.”