- Whitestone broke ground on a Tempo by Hilton in Ashburn, Virginia.
- Whitestone partnered with Kite on the seven-story hotel project.
- The 169-room hotel is scheduled to open in 2027.
WHITESTONE CAPITAL BROKE ground on the 169-key Tempo by Hilton at One Loudoun, a mixed-use development, in Ashburn, Virginia. The hotel is scheduled to open in late fall 2027.
Whitestone is working with Kite Realty Group, owner and developer of the One Loudoun mixed-use project, to develop the seven-story hotel, the company said in a statement. One Loudoun also will include 86,000 square feet of retail space, 34,000 square feet of office space and about 400 multifamily residences.
Whitestone Capital, a division of Whitestone Cos., is led by President and CEO Jay Batra. Kite Realty, led by Chairman and CEO John Kite, is a real estate investment trust based in Indianapolis.
“We are very excited to team up with Kite Realty on this incredible project,” Batra said. “Today’s travelers are looking for lifestyle hotels located in the center of vibrant entertainment districts and this project delivers on both fronts.”
The hotel is near Washington Dulles International Airport and about 25 minutes from downtown Washington, D.C., the statement said. It is Whitestone’s first hotel project in Virginia. The property will include ground-floor retail and six hotel floors. The second floor will house the lobby, front desk, fitness center and meeting space.
Meanwhile, the One Loudoun Entertainment District drew more than 4.4 million visitors last year and includes more than 70 restaurants, retail and entertainment venues, the statement said. It was named “Best of Ashburn 2025” by Ashburn Magazine.
In January, Whitestone acquired the 408-room, 22-story Renaissance Hotel in downtown Columbus, Ohio. The acquisition was Whitestone’s third in Columbus in 10 months, bringing its local portfolio to five assets.
