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HITEC 2010
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Wheelock Street Capital Completes Acquisition and Conversion
of the Former Renaissance Agoura Hills into the Sheraton
Agoura Hills Hotel in Agoura Hills, California

Davidson Hotels & Resorts will Continue to Manage the 280-room Property



Commenting on the acquisition, Merrick Kleeman, a Managing Partner of Wheelock Street Capital, said, “The Sheraton Agoura Hills represents our second investment in the Conejo Valley and our second property managed by Davidson. We are excited to be joining the Sheraton franchise and impressed with the investments Starwood has made in the brand. We expect the renovation to position the asset to take advantage of the ensuing economic cycle.”

Wheelock Street Capital, L.L.C. is a real estate private equity firm founded in 2008 by Merrick R. Kleeman and Jonathan H. Paul. Wheelock Street pursues a highly focused, fundamentally-driven investment strategy. Backed by established institutional capital, the Company is currently pursuing acquisitions and recapitalizations of real estate assets and operating platforms in the hospitality, multifamily and residential land/homebuilding sectors. www.wheelockst.com

Headquartered in Memphis, Tenn., Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company’s portfolio encompasses 48 upscale, full-service independent and branded hotels with more than 13,600 rooms across the United States, including such affiliations as Sheraton, Westin, Hyatt, Marriott, Renaissance, Courtyard, Hilton, Embassy Suites, Doubletree, Hilton Garden Inn, and Radisson. Additional information on Davidson may be found at www.davidsonhotels.com

Maxim Hotel Brokerage represented the seller in the sale of the asset.
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Contact:

Wheelock Street Capital
James Eberhart, 617-619-3105
eberhart@wheelockst.com



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Also See: Affiliate of Wheelock Street Capital Acquires the 403-room Radisson Hotel in Bloomington, Minnesota; Davidson Hotel Company Appointed Manager / April 2010

Davidson Hotel Company to Manage the 403-room Radisson Hotel Bloomington by Mall of America / May 2010

ING Clarion to Brand Doral, Florida's The Blue as Hyatt Miami at The Blue; Selects Davidson Hotel Company to Manage the 240-room Condo-Hotel / March 2010

Davidson Hotel Company and Square Mile Capital Management Complete the Multimillion-Dollar Renovation of Sheraton Suites Tampa Airport Westshore / December 2009

Davidson Hotel Company Promotes Four Associates to the Corporate Executive Level / March 2009

Senior Management Team, Led by John A. Belden, President and CEO, Acquires Davidson Hotel Company from its Former Owner, Chick Hill / May 2006



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