GREENWICH, Conn.—Wheelock Street Capital announced that an affiliate of Wheelock Street acquired the Hilton Houston Westchase Hotel located in Houston, Texas within the Westchase District of Houston.
On December 17th, Wheelock Street acquired the Hilton Houston Westchase from an affiliate of Interstate Hotels & Resorts. The terms of the transaction were not disclosed. Hilton Westchase opened in 1980 and features 297 guestrooms, 11,200 square feet of meeting space and the Rio Ranch Restaurant. Interstate Hotels & Resorts will continue to manage the hotel on behalf of Wheelock.
“The Hilton Houston Westchase represents our sixth full-service hotel acquisition in 2012 and our second in the Houston market,” said Patrick Campbell, a principal of Wheelock Street Capital. “Upon completion of a planned property renovation, the Hilton Westchase will be well positioned to benefit from tremendous ongoing economic growth in Houston created by the expanding energy industry.”