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    Home»Deals & Transactions»KHP Capital Partners taps $361m fund V to purchase Portland’s Press Hotel
    Deals & Transactions

    KHP Capital Partners taps $361m fund V to purchase Portland’s Press Hotel

    December 29, 2021Updated:December 29, 20211 Min Read
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    Portland’s Press Hotel, a former newspaper building transformed by developer Jim Brady into a 110-room boutique hotel, has been sold to a private equity investor, the companies announced on Monday.

    Brady’s Fathom Cos. sold the building, at 119 Exchange St., to KHP Capital Partners, a San Francisco-based real estate private equity firm focused on investments in the hospitality sector.

    Since 2004, KHP’s co-founders have raised more than $1.3 billion to invest in hospitality real estate, and the company is currently deploying its fifth fund in the KHP series, KHP Fund V, a $361 million fully discretionary vehicle.

    Read more/Source: MaineBiz

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