Keys: 325
Inception Year: 2023
Platform: Debt
Status: Active Investment
Investment Description: LCP originated a $47 million loan to refinance The Westshore Grand, A Tribute Portfolio Hotel, in Tampa, Florida. The proceeds of the refinance, together with the injection of fresh equity from the sponsor, were used to replace an existing senior loan, fund closing costs and interest reserves, and provide reserves for future capital expenditure plans. Located at 4860 West Kennedy Boulevard, the 1984-built hotel has amenities that include 14,321 square feet of meeting and event space, a rooftop swimming pool, a fitness center, and an attached parking garage. The hotel enjoys convenient access to the city’s main roads, making it easily reachable from Downtown Tampa and the renowned beaches and recreational attractions. Additionally, the hotel is situated less than two miles south of Tampa International Airport, which has recovered 100% of its pre-pandemic passenger traffic and is nearing the completion of an extensive $4.1 billion capital plan.

Keys: 178
Inception Year: 2023
Platform: Debt
Status: Active Investment
Investment Description: LCP originated a $33.3 million senior mortgage loan to an affiliate of the Relevant Group for the refinancing of the 178-key Dream Hollywood and Tao Restaurant in Los Angeles. The 10-story, west coast flagship of Dream Hotels features three award-winning and trendy dining and nightlife venues, including Tao, and the Highlight Room, as well as an 11,000-square-foot rooftop with a pool deck and 3,000 square feet of meeting and event space. The Dream Hollywood is located at the corner of Selma Avenue and N. Cahuenga Boulevard, one block off the famed Hollywood Boulevard, tucked among the scenic Hollywood Hills. The property was designed by the Rockwell Group and features accommodations with unparalleled views and luxurious guest amenities. Each guestroom features luxurious black walnut finishes, a cozy sitting area, rainfall showers, Karl Lagerfeld amenities, and state-of-the-art technology.

Keys: 130
Inception Year: 2022
Platform: Equity
Status: Active Investment
Investment Description: LCP acquired a newly built, 130-room Cambria Hotel® New Haven University Area in October 2022. The Hotel opened in September 2022 and is currently managed by Crescent Hotels & Resorts, LCP’s affiliate operator. Located at 20 Dwight Street, the hotel is only minutes from Yale University and Yale New Haven Hospital, as well as the city’s best shopping, dining, museums, and entertainment. In addition, it is conveniently located near national corporations such as Pfizer Research and AstraZeneca, and other landmarks like New Haven Harbor, University of New Haven, and Southern Connecticut State University. It features upscale amenities and approachable indulgences that appeal to modern travelers.

Keys: 196
Inception Year: 2022
Platform: Equity
Status: Active Investment
Investment Description: LCP, together with its capital partner Safanad, acquired the iconic Postcard Inn on the Beach, St. Pete Beach, Florida. Crescent Hotels & Resorts, LCP’s affiliate operator. The property features 196 guestrooms, 300 feet of direct beach frontage, three food and beverage outlets,14,450 SF of indoor and outdoor meeting space, a fitness center, the largest pool on St. Pete Beach, a variety of recreational facilities, a development site currently used as a transient beach parking lot (separate from hotel guest parking), and 6,800 SF of leased retail. The 9.64-acre oceanfront resort is located just over a mile north of the historic Don CeSar on St. Pete Beach, a well-regarded vacation destination that was voted as TripAdvisor’s “No.1 U.S. Beach” in 2021. In 2024, LCP successfully closed a refinance of the asset, with the loan proceeds used to pay off the existing debt and finance a comprehensive renovation of the property, which will further modernize the guestrooms and public spaces and enhance the food and beverage offerings.

Keys: 503
Inception Year: 2018
Platform: Equity
Status: Active Investment
Investment Description: Through a structured-buyout, LCP owns the DoubleTree Newark Airport Hotel in Newark, New Jersey. The 502-room Doubletree by Hilton hotel is adjacent to the Newark Liberty Airport and within ten miles of downtown Manhattan. The hotel offers complimentary shuttle service to the airport, Cape Liberty Cruise Port, and Newark Penn Station. Nearby leisure attractions include the New Jersey Performing Arts Center, Red Bull Stadium, Prudential Center Arena, Liberty Science Center, and the Jersey Garden Outlets. Steps away are the businesses and corporate headquarters for Anheuser-Busch Brewery, Prudential, Panasonic, and Rutgers University.

Keys: 347
Inception Year: 2018
Platform: Equity
Status: Active Investment
Investment Description: LCP, together with its capital partner Blue Vista Capital Management, acquired the Hilton Kansas City Airport in Kansas City, Missouri. The hotel underwent a comprehensive renovation in 2015 that included guestrooms, public spaces, meeting rooms, as well as various mechanical and back-of-house upgrades. The 347-room property is less than three miles away from the Kansas City International Airport and only 16 minutes from downtown. It is conveniently located near several corporate headquarters, including AmerisourceBergen, Toyota, Multivac, and Mastercard. The Kansas Speedway, host of two annual NASCAR weekends in May and October, and the Worlds of Fun and Oceans of Fun Amusement Park are both a short ride away. And, the nearby Zona Rosa shopping district contains more than one million square feet of retail, office, and residential space.

Keys: 316
Inception Year: 2017
Platform: Equity
Status: Active Investment
Investment Description: LCP, together with its capital partner Blue Vista Capital Management, acquired the Fairfax Marriott at Fair Oaks in Fairfax, Virginia. The six-story 316 guest room and suite property is located outside of Washington, D.C. The hotel contains 15,000 square feet of meeting space, the award-winning 703 Bar + Kitchen, and the amenities, facilities, and services of a full-service Marriott hotel. The property is a quick drive from Washington Dulles International Airport and is conveniently located to George Mason University as well as several corporate and association headquarters, including The National Rifle Association, SpaceQuest Ltd., and Edge Technologies There is also access to shopping, dining, and retail in the immediate area at the Fair Oaks Mall.