KHP Capital Partners is a real estate private equity firm focused on investments in boutique and independent hotels. Our firm manages capital on behalf of its Principals and Limited Partners with the goal of creating long term value through targeted investments in hotel real estate. Headquartered in San Francisco, CA, we invest across the United States and Canada, generating superior risk-adjusted returns by focusing on disciplined acquisition criteria and implementing value-add investment strategies that capitalize on our deep experience in hotel operations and development. We focus primarily on the acquisition of existing full-service boutique and independent hotels that can benefit from enhanced branding and management, renovation and repositioning of hotels in need of capital, and adaptive reuse of buildings suitable for conversion to hotel use. We pursue control oriented equity investments that generally take the form of whole ownership or joint venture structures. Our targeted equity commitment is typically between $10 and $40 million, but we will selectively invest in assets requiring both smaller and larger commitments.
Hotels |
JV partnership |
Acquisition/Fee Simple |
Value-add |
Jesse serves as Senior Vice President of Investments at KHP Capital Partners. Previously, Jesse led Kimpton Hotels & Restaurants’ West Coast deal team. Jesse’s past experience also includes development roles with Wyndham Hotel Group and Starwood Vacation Ownership. He earned undergraduate degrees in Real Estate and Finance, as well as an MBA, from Florida State University.
Mike Depatie is a Managing Partner of KHP Capital Partners, with direct responsibility for investment and capital raising activities. Previously, Mike served as President and Chief Executive Officer of Kimpton Hotels & Restaurants and was also a member of Kimpton’s Board of Directors from 2003 to January 2015. Under Mike’s leadership, Kimpton tripled its system revenues to become the world’s largest developer and operator of boutique hotels in the U.S., and was named to FORTUNE magazine’s list of 100 Best Companies to Work For six times, ranking 11th in 2015. Prior to joining Kimpton as President of Real Estate, Mike served as Chief Financial Officer of NYSE-listed La Quinta and Sunterra Corporation. Mike co-founded Summerfield Suites, which was sold to Patriot American Corporation and subsequently to Hyatt. Before joining the founding team of Summerfield Suites, he served as the Senior Vice President of Finance and Development with the Residence Inn Company until its sale to Marriott in 1987. Mike began his career with Trammell Crow Company. Mike holds an undergraduate degree from Michigan State University and an MBA from Harvard Business School. He is a member of the Hotel Development Council of the Urban Land Institute and a member of the Real Estate Roundtable. Mike also serves on the advisory board of RocketSpace (a privately held high tech company incubator) and the New Millennium School, and is a member of the Board of Directors of Jamba Juice (NASDAQ: JMBA).
Joe Long is a Managing Partner of KHP Capital Partners, with direct responsibility for acquisitions, property development / redevelopment and capital raising. Previously, Joe served as Executive Vice President, Chief Investment Officer of Kimpton Hotels & Restaurants from 2003 to January 2015. In this role he had leadership responsibility for all acquisitions for the KHP Funds, management contracts and joint ventures, design and construction. Prior to Kimpton, Joe was Senior Vice President, Acquisitions & Development for Starwood Hotels & Resorts Worldwide where he was responsible for all acquisitions and management contract development for North America for all brands. Prior to that, Joe worked with LaSalle Partners where he was part of the team that started the LaSalle Hotel Group which ultimately became the publicly traded REIT LaSalle Hotel Properties (NYSE: LHO). During the 1980’s and early 1990’s, Joe spent eight years with Metric Realty, a large institutional owner of hotels, holding roles with responsibility for asset management and acquisitions. He began his career with Laventhol & Horwath in Philadelphia. Joe holds a BS from Cornell University’s School of Hotel Administration. He is a member of the Hotel Development Council of the Urban Land Institute and serves on the Board of Directors of Avenir, a privately held food service company.
Ben Rowe is a Managing Partner of KHP Capital Partners, with direct responsibility for finance, asset management, capital raising and investor relations. Previously, Ben served as Executive Vice President, Chief Financial Officer of Kimpton Hotels & Restaurants from 2008 to January 2015. In this role, he oversaw the finance and accounting function for both Kimpton and the real estate investments of the KHP Funds. Ben’s responsibilities included securing debt and equity capital, owned asset management, financial reporting, risk management, tax and treasury management, and information technology. Prior to being promoted to CFO in 2008, Ben served as Kimpton’s Senior Vice President, Treasurer. Ben was originally appointed Director of Corporate Finance and Development in the fall of 2003, and was promoted to Vice President, Treasurer in 2005. From 1999 to 2002 Ben served as the Chief Financial Officer of Leirum, a restaurant and entertainment group. Ben began his professional career as an investment banker at Salomon Smith Barney in New York City, focusing on capital raising and strategic advisory work for the lodging and gaming industries. Ben holds a BS with Distinction from Cornell University’s School of Hotel Administration, where he majored in hospitality finance. He also holds an MBA from the Stanford Graduate School of Business. Ben serves on the Board of Directors of TrueGreece, a privately held Greek and Mediterranean focused luxury travel company.