Former Kimpton executives launch KHP Capital Partners

US: KHP is the successor company to Kimpton Hotels & Restaurants’ fund management business.

US: KHP is the successor company to Kimpton Hotels & Restaurants’ fund management business.

It is owned and operated by three former Kimpton executives: Mike Depatie, former chief executive officer; Ben Rowe, former chief financial officer and Joe Long, former chief investment officer at Kimpton.

KHP is described as “the continuation of a 10 year-old hospitality real estate private equity business, with a highly successful track record spanning three discretionary hotel real estate equity funds, totalling over $560 million of equity invested in 30 boutique hotels, with a combined real estate value in excess of $1.5 billion”.

KHP will continue to invest in boutique and independent hotel opportunities in primary and secondary cities throughout the US, as well as in select resort locations.

Deputy said: “It is an optimal time to launch KHP Capital Partners. There are significant investment opportunities in the upscale and upper-upscale boutique lodging sector and we are fortunate to have an existing platform of success and proven team expertise from which to build.”

In conjunction with the sale of Kimpton to IHG on January 16th, KHP assumed responsibility for the asset management of the remaining hotels in Kimpton’s three active funds: KHP Fund I, II, and III, including 17 operating Kimpton hotels and four additional hotels in development; total assets under management currently exceed $600 million.

The company will continue to be based in San Francisco.

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