Hilton Key Largo is now Baker's Cay Resort, which reopened in January 2019 as part of Hilton's Curio Collection.
SAN FRANCISCO—KHP Capital Partners, a private real estate investment firm focused on acquiring and creating boutique and independent hotels, has closed on $361 million of commitments for its fifth 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 with these strategies, including the recent renovation of the Doubletree Hotel in Washington, DC, which was relaunched as the Darcy Hotel in April 2017, and the transformation of the Hilton Key Largo into Baker's Cay Resort, which re-opened in January 2019 as part of Hilton's Curio Collection.
KHP was formed in 2015 by Mike Depatie, Ben Rowe and Joe Long as the continuation of a 15-year-old hotel real estate private equity business they started while leading Kimpton Hotels & Restaurants. Prior to the sale of Kimpton to InterContinental Hotel Group in January 2015, this team also oversaw the company's hotel and restaurant management business.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
