Wheelock Street Capital Buys Hyatt Regency Dulles
The company has secured a $40 million acquisition loan arranged by HFF.
DULLES, VA–Wheelock Street Capital, a Greenwich, CT-based private real estate investment firm, has acquired the Hyatt Regency Dulles for an undisclosed sum. Acquisition financing for the 316-room hotel of $40 million was secured for the deal by HFF. It placed the five-year, floating-rate loan with a financial services company.
The 13-story Hyatt Regency Dulles was constructed in 2014 and consists of 29,000 square feet of meeting and event space. It’s situated on 6.38 acres at 2300 Dulles Corner Blvd, and is adjacent to the Washington Dulles International Airport.
The HFF debt placement team representing the borrower included managing director Steven Klein and senior director Chris Hew.
Wheelock Street Capital was formed in 2008 and has since raised over $2 billion in capital commitments. It is currently investing its fifth fund that has $725 million of commitments from pension funds, endowments and foundations. Wheelock will invest in a broad range of real estate assets throughout the US, investing directly or with joint venture partners.