KHP Capital Partners, a private real estate investment firm focused on acquiring and creating lifestyle hotels, has closed on $300 million of commitments for its sixth discretionary real estate fund.
KHP will continue to capitalize on the team’s deep experience in hotel operations and development, focusing on the acquisition of hotels that can benefit from enhanced branding and management, renovation and repositioning of hotels in need of capital, and adaptive reuse of historic buildings. The company has an extensive track record of success with these strategies, including the renovation of the Pan Pacific in Seattle, which will be relaunched as the 1 Hotel Seattle in May 2025, and the recent transformation of the Le Meridien in San Francisco into the Jay Hotel, which is now part of Marriott’s Autograph Collection.
KHP was formed in 2015 by Mike Depatie, Joe Long, and Ben Rowe as the continuation of the hotel real estate private equity business they started while
