Apollo Investment Corporation had an active spring. The $30 billion real estate firm led two cash buyout deals of hotel industry REITs. Eagle Hospitality Properties Trust (NYSE: EHP) and Innkeepers USA Trust (NYSE: KPA) will now operate under the umbrella of Apollo Investment Corp.

Innkeepers, the first and larger of the two purchases, was agreed to be acquired by an Apollo affiliate on April 16. It sold for $17.75 per share along with the assumption of all Innkeepers’ debt by AIC. The acquisition is valued at approximately $1.5 billion.

“We believe this is a compelling all-cash transaction that provides substantial value for Innkeepers’ shareholders,” said Jeffrey Fisher, chairman, president and CEO of Innkeepers USA at the time of the agreement. “AIC has a deep understanding of our business and we are looking forward to completing this transaction.”

Eagle Hospitality, which owns 13 full-service all-suite hotels across the U.S., was agreed to be acquired by AP AIMCAP, an Apollo-led joint venture of Apollo Real Estate Investment, Aimbridge Hospitality and JF Capital Advisors on April 30. Eagle sold for $13.35 per share.

“The Eagle portfolio consists of a diversified group of well-branded hotels with strong cash flow,” said Lee Neibart, senior partner at Apollo. “We believe we have assembled a first class team to maximize the performance of the portfolio.”