KP

Khp Capital Partners

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KHP Capital Partners - Market Research Report



Company Overview



Name


KHP Capital Partners

Mission of the Company


To create long-term value through targeted investments in hotel real estate.

Foundation


  • Year Founded: 2015

  • Founders:

  • Mike Depatie

  • Joe Long

  • Ben Rowe


Key People


  • Mike Depatie - Founding Partner

  • Joe Long - Managing Partner

  • Ben Rowe - Managing Partner

  • Jeff Stulmaker - Partner & Chief Investment Officer

  • Judy Miles - EVP, General Counsel

  • Matthias Kowalsky - SVP, Finance & Administration


Headquarters


101 California Street, Suite 980, San Francisco, CA

Number of Employees


No information is available

Revenue


No information is available

Company Focus


KHP Capital Partners is known for investments in lifestyle and independent hotels, enhancing hotel assets through branding, management improvements, renovations, and adaptive reuse.

Products



Spotlights


KHP Capital Partners has been involved in several significant investment projects, primarily focusing on lifestyle and independent hotel sectors. They have a holistic approach to upgrading and managing hotel properties to unlock their full potential.

Notable Projects


1. The Darcy Hotel
  • Location: Washington, DC

  • Keys: 226

  • Strategy: Renovation / Repositioning

  • Acquisition Date: April 2016

  • Disposition Date: December 2018


2. Amara Resort & Spa
  • Location: Sedona, AZ

  • Keys: 100

  • Strategy: Operations Enhancement

  • Acquisition Date: June 2013

  • Disposition Date: December 2018


3. Hotel Monaco
  • Location: Philadelphia, PA

  • Keys: 268

  • Strategy: Adaptive Reuse

  • Acquisition Date: October 2010

  • Disposition Date: March 2018


Recent Developments



New Products Launched


No information is available

New Features Added to Existing Products


No information is available

New Partnerships


No information is available

Extra Information



Investment Focus


  • Lifestyle & Independent Hotels: Focus on the emerging segments with the most promising investment returns.

  • Primary Urban Markets & Select Leisure Destinations: Targets properties in high-demand areas with limited competition.

  • Controlling Equity Position: Prefers full ownership or joint ventures, with equity commitments generally between $10 million to $50 million.


Investment Strategies


  • Operations Enhancement: For properties in good condition needing management changes.

  • Renovation / Repositioning: For well-located properties that need physical upgrades.

  • Adaptive Reuse: Conversion of buildings for hotel use.

  • Preferred Equity / Debt: Select equity and debt investments in high-quality assets.

  • New Development: Developing new hotel projects where demand and supply dynamics are favorable.


Investment Principles


  • Value-Add: Focus on more complex investments with potential for high value creation.

  • Well Located: Prefer properties in high barrier-to-entry locations.

  • Discount to Replacement Cost: Aim for acquisitions at a discount to replacement costs.

  • Asymmetrical Risk: Seek investments with more upside than downside potential.

  • Limited Competition: Source deals with limited competition directly.

  • Moderate Leverage: Maintain leverage to manage risk and achieve target returns.


Funds Overview


The firm manages several funds with a total equity capital of over $1.25 billion invested across over 50 projects.

Fund Overview
| Fund | Fund Size | Vintage | Investments | Status |
|-------|-------------|---------|-------------|----------------------------------|
| KDOF | $146 million| 1997 | 10 | Fully Realized |
| KHP I | $157 million| 2004 | 13 | Fully Realized |
| KHP II| $202 million| 2006 | 10 | Fully Realized |
| KHP III| $203 million| 2013 | 10 | Fully Invested, Partially Realized|
| KHP IV| $210 million| 2016 | 5 | Fully Invested, Partially Realized|
| KHP V | $361 million| 2020 | 8 | Investing |

Contact Information


  • Address: 101 California Street, Suite 980, San Francisco, CA

  • Phone Number: 1 (415) 868-4888

  • Email:

  • General Inquiries: contactus@khpcp.com

  • Investment Opportunities: deals@khpcp.com


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