Whitehay Capital is a boutique investment firm transforming underperforming assets into exceptional destinations. We combine local insight, operational expertise, and capital agility to deliver outstanding returns and long-term impact.
Whitehay Capital was founded on a belief that operational real estate holds extraordinary untapped potential. With deep sector expertise across hospitality, agriculture, and urban regeneration, we work hands-on to reposition assets, drive operational turnaround, and unlock long-term value. Our approach blends rigorous investment discipline with a passion for innovation and sustainability.
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Tom Graham
Co-founder & Partner
Tom co-leads Whitehay Capital’s investment and operational activities, with a focus on origination of new projects, capital raising initiatives, and building the firm’s business in Iceland.
With deep experience in asset management, operations, and development, Tom brings a pragmatic, hands-on approach and plays an active role across the firm’s deal pipeline, execution, and investor engagement. Together with Kormákur, he shares responsibility for driving strategy and delivering results across the portfolio.
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Kormakur Arthursson
Co-founder & Partner
Kormákur co-leads Whitehay Capital’s investment and project activities, with a focus on hospitality, hotels, and strategic development projects.
With a background in real estate investment, private equity, and entrepreneurship, he brings commercial creativity, operational expertise, and a passion for unlocking the potential of underperforming assets. Kormákur works closely across projects, sharing responsibility for capital raising, strategy, and execution alongside Tom.
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Macarena Rocca
Project Director
Macarena leads project management and delivery across Whitehay’s portfolio.
With a background in architecture and development management, she ensures projects are delivered on time, on budget, and to the highest standards. Macarena plays a key role coordinating between design teams, consultants, and on-site teams, bringing creative and technical expertise to every stage of the process.