KHP Capital Partners

About KHP Capital Partners

KHP Capital Partners is a real estate private equity firm headquartered in the San Francisco Bay Area and launched in 2015. Its core mandate is to acquire and manage lifestyle hotels, creating value through operational improvement and physical transformation. The firm acts as an institutional investment manager for a varied group of principals and limited partners and keeps a disciplined focus on hospitality real estate. The leadership team has a track record spanning several decades. Before starting this independent firm, its members scaled one of the largest independent lifestyle hotel companies in the United States, and that experience underpins the firm's long-term position in the hospitality niche. KHP targets lifestyle hotels in primary urban markets and select leisure destinations across the United States. These markets are picked for diversified growth characteristics and high barriers to entry. The firm applies several value-add approaches: improving operations at undermanaged properties, renovating and repositioning undercapitalized assets, and converting underutilized buildings to hotel use. It typically makes control-oriented equity investments, either as whole ownership or in joint ventures, and occasionally takes select preferred equity or debt positions. Rigorous asset management and branding are applied to undermanaged or undercapitalized hotels in desirable locations. The platform has 26 professionals working in investments, asset management, capital markets, development, construction and accounting, which lets it support a hotel investment from acquisition through major renovation to stabilized operations. Over its history the firm has deployed capital through seven funds and completed 58 investments, representing roughly 9,200 acquired hotel rooms. Its investment committee averages more than 30 years of industry experience. KHP serves institutional investors and relies on a process-driven analytical approach and a single focus on the lifestyle hotel segment.