Greenwich-based Wheelock Street Capital spent $221 million to acquire 15 hotels in two separate transactions.
For $116 million, Oak Brook, Ill.-based Inland American Real Estate Trust Inc. sold Wheelock a dozen hotels in the Texas, Arizona, Illinois and other states under the Hilton, Marriott, Choice Hotels and InterContinental brands.
For $105 million, Wheelock acquired from Aliso Viejo, Calif.-based Sunstone Hotel Investors the San Diego Hilton Del Mar, the Minneapolis DoubleTree Guest Suites, and the Detroit Marriott Troy.
Wheelock said it would invest additional capital in the properties. Rick Kleeman and Jonathan Paul formed the firm in 2008.
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