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CORRESP
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November 7, 2023

VIA EDGAR

Division of Corporation Finance

Office of Mergers and Acquisitions

United States Securities and Exchange Commission

Washington, DC 20549

 Re: West 4 Capital LP

    Lightstone Value Plus REIT II, Inc.

    Schedule TO-C Filed October 19,
2023

    Filed by West 4 Capital LP, Granite
Sapphire Management Limited, West 4

    Capital Investment Adviser Limited,
and Capricorn Fund Managers Limited

    File No. 005-94193

Mr. Callaghan:

On behalf of West 4 Capital
LP (the “Purchaser”), set forth below is the Purchaser’s response to the comments issued by the staff (the “Staff”)
of the Securities and Exchange Commission (the “Commission”) in your October 30, 2023 letter (the “Comment
Letter”) concerning the above-referenced filing.

For convenience, we have included
the text of the comment from the Comment Letter, followed by our response.

General

1.            Refer
to the following disclosure made in the Press Release / Summary Advertisement: “Up to 550,000 Shares of common stock of LIGHTSTONE
VALUE PLUS REIT II, INC. (the “REIT”) at a price of $5.51 per Share.” Please revise the number of shares here to
be consistent with the up to 860,000 Shares used throughout your offering materials.

Concurrently with this response letter, the Purchaser
is filing a Schedule TO-T (the “Schedule TO-T”) in connection with the Purchaser’s tender offer for shares of
Lightstone Value Plus REIT II, Inc. (the “Offer”). The Purchaser acknowledges the Staff’s comment and has
revised the disclosure in the Summary Advertisement attached as Exhibit (a)(4) to the Schedule TO-T to accurately reflect that
the Purchaser is seeking to purchase up to 860,000 shares in the Offer.

Introduction, page 7

2.            Refer
to the following disclosure made on page 7 of the Offer to Purchase: “To the Shareholders of PACIFIC OAK STRATEGIC OPPORTUNITY
REIT, INC.” Please revise this disclosure to properly reflect the name of the Corporation.

The Purchaser acknowledges the Staff’s comment
and has revised the disclosure on page 7 of the Offer to Purchase attached as Exhibit (a)(1) to the Schedule TO-T (the
 “Offer to Purchase”) to properly reflect the name of the Corporation.

Terms of the Offer, page 9

3.            You
state that you will pay for shares tendered "within three business days following the completion of the Offer," but that payment
is "subject to any extensions of such time that may be necessary due to the settlement practices of non-traded REITS." Disclose
how long you expect this to take, and how you will comply with your obligation under Rule 14e-1(c) to promptly pay for tendered
Shares.

The Purchaser acknowledges the Staff’s
comment and has revised the disclosure in Section 2 of the Offer to Purchase in response to the Staff’s comment.

Certain Information Concerning the Purchaser, page 13

4.            Please
revise your disclosure in this section and in Schedule I to the Offer to Purchase to include the information required for any filing person
and any person specified in General Instruction C of Schedule TO by Item 3 of Schedule TO and Item 1003(a) through (c) of Regulation
M-A. Your revised disclosure should include the business telephone number of each filing person, the principal business of each entity
listed, and the principal occupation of each natural person listed.

The Purchaser acknowledges the Staff’s comment
and has revised the disclosure in Section 10 of, and Schedule I to, the Offer to Purchase in response to the Staff’s comment.

5.            Certain
statements in this section regarding the persons listed on Schedule I and affiliates of the Purchaser are qualified by “the best
knowledge of the Purchaser.” Because the General Partner, the Investment Manager, and the Investment Adviser are included as offerors
within the Schedule TO, please revise such statements to remove those knowledge qualifiers, or advise.

The Purchaser acknowledges the Staff’s comment
and has revised the disclosure in Section 10 of the Offer to Purchase in response to the Staff’s comment.

Conditions of the Offer, page 13

6.            On
page 14 of the Offer to Purchase, you have included a condition that will be triggered by "a commencement of a war or armed
hostilities or other national or international calamity directly or indirectly involving the United States" (condition (d)(iv)),
without any materiality qualifier on the gravity of such an event, without requiring any connection between such an event and the Offer,
and without limiting the event to one directly involving the United States. The broad wording of this offer condition gives rise to illusory
offer concerns under Section 14(e) of the Exchange Act and Regulation 14E thereunder. Please revise to narrow or qualify this
condition, or advise.

The Purchaser acknowledges the Staff’s comment
and has revised the disclosure in Section 12 of the Offer to Purchase in response to the Staff’s comment.

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Miscellaneous, page 15

7.            In
the paragraph on page 16, please define the term “JAMS.”

The Purchaser acknowledges the Staff’s comment
and has revised the disclosure in Section 15 of the Offer to Purchase in response to the Staff’s comment.

*         *          *         *          *

The Purchaser acknowledges
that it is responsible for the accuracy and adequacy of its disclosures, notwithstanding any review, comments, action or absence of action
by the Staff.

If you have any questions
regarding the Purchaser’s response or require further information, please do not hesitate to contact the Purchaser’s counsel,
Amos W. Barclay of Holland & Hart LLP, by telephone at (303) 473-4813.

    Sincerely,

    West 4 Capital LP

    By: Granite Sapphire Management Limited,
    its General Partner

    /s/ Ronen Capeluto

    Ronen Capeluto, Chief Investment Officer

    cc:
    Amos W. Barclay, Esq. (Holland & Hart LLP)

    Shane Callaghan (SEC Office of Mergers and Acquisitions)

    David Plattner (SEC Office of Mergers and Acquisitions)

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