Hotel and hospitality investment manager KWC Management (KWCM), an investor in opportunistic, value-add assets across the hospitality vertical in the U.S., held its final close for its second hotel- and hospitality-focused fund, Kemmons Wilson Hospitality Partners (KWHP II).
KWHP II, launched in Q2 2022, has already acquired four assets across the U.S., and has closed with $213 million from family offices, foundations and individual investors, tripling the commitments in its inaugural offering fund.
Three of the properties acquired by the fund are:
- The Mining Exchange, Colorado Springs, CO
- Homewood Suites, Jackson Hole, WY
- Windham Mountain Resort, Windham, NY
The fourth property is a structured product, the Roger Smith Hotel in New York.
“Similar to our first fund, KWHP II will target opportunistic and value-added investments across the hospitality industry,” said Webb Wilson, chief investment officer, KWCM. “Given the current market environment, we remain enthusiastic about our ability to invest across the capital structure.”
Kem Wilson III, president, KWCM, said, “The closing of this fund marks an exciting chapter for KWC Management, as it continues to pursue excellence in the hospitality investment landscape. We would like to extend our heartfelt gratitude to our investors, partners and dedicated team members for their integral roles in achieving this significant milestone.”
