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Hojo Holdings Refocuses Corporate Direction

MIAMI-The Boca Raton, FL-based company, which was formed as a Website development firm, now plans to pursue acquisitions of companies involved in real estate and wireless telecom. The move follows investor Rohit Patel's recent acquisition of a controlling interest in the company.

By Melissa Bogdany | Updated on April 24, 2003

MIAMI-Investor Rohit Patel has acquired a controlling interest in Hojo Holdings Inc. of Boca Raton, FL and the company is planning to refocus the direction of its business, which will largely include real estate-related acquisitions. Patel will be chairman of Hojo Holdings, and Carl Gessner will be president.

Hojo originally was a Web site development company. Gessner says in a statement that Hojo will concentrate on actively pursuing acquisitions of companies involved in real estate and wireless telecom. The company’s real estate will focus on the commercial, hospitality and residential sectors, emphasizing land development, hotels and service stations.

“We have a clearly defined mission,” Gessner said. “We want to take advantage of the burgeoning real estate industry and find unique businesses, specifically technology-based companies that are synergistic to our core real estate holdings.”

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