NEW YORK CITY—American Realty Capital Hospitality Trust said Monday it would buy the Equity Inns portfolio from private equity funds sponsored by Goldman Sachs. The REIT will pay $1.925 billion for the 126-hotel portfolio, which Goldman’s Whitehall real estate platform bought in 2007 for $2.2 billion.

When it’s completed, the Equity Inns deal will grow ARC Hospitality’s holdings from six properties to 132 in a single stroke. The 14,394-key select-service portfolio encompasses a number of well-known franchises, including Hampton Inn, Hilton Garden Inn, Homewood Suites, Embassy Suites, Courtyard, Residence Inn, Hyatt Place and Holiday Inn.

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