Westbrook Buys Paramount Hotel for $152 M.

Westbrook Partners has purchased the Paramount Hotel on 46th Street near Eighth Avenue for $152 million, according to both real property transfer tax and real estate transfer tax forms.

The New York Post reported in May that the building had been sold to Walton Street Capital, an investment fund in Chicago.

Now, it seems that there was a hidden partner in this deal. Walton Street Capital and Westbrook didn't return calls for comment.

The hotel is located at 235 West 46th Street and was slated for a conversion into a Hard Rock Hotel, which was the seller in this deal. The Post reported that now that the hotel has traded hands, it will likely remain as the Paramount, where, as its Web site lists, "Rooms start from just $249!"