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  <xs:element name="InvestmentinUnconsolidatedAffiliatedRealEstateEntityDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_InvestmentinUnconsolidatedAffiliatedRealEstateEntityDetailsLineItems"/>
  <xs:element name="DistributionReceived" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ltsv_DistributionReceived"/>
  <xs:element name="AnnualREITTaxableIncomePercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AnnualREITTaxableIncomePercentage"/>
  <xs:element name="PercentageOfTaxableIncome" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_PercentageOfTaxableIncome"/>
  <xs:element name="ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding"/>
  <xs:element name="RepurchasementOfCommonShares" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_RepurchasementOfCommonShares"/>
  <xs:element name="RelatedPartyTransactionsandOtherArrangementsDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="ltsv_RelatedPartyTransactionsandOtherArrangementsDetailsTable"/>
  <xs:element name="RelatedPartyTransactionsandOtherArrangementsDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_RelatedPartyTransactionsandOtherArrangementsDetailsLineItems"/>
  <xs:element name="AcquisitionFeePercentOfLoanAdvancementOrOtherInvestment" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AcquisitionFeePercentOfLoanAdvancementOrOtherInvestment"/>
  <xs:element name="AcquisitionFeesAndAcquisitionExpensesPercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AcquisitionFeesAndAcquisitionExpensesPercentage"/>
  <xs:element name="AssetManagementFeePercent" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AssetManagementFeePercent"/>
  <xs:element name="MinimumPercentageOfAverageInvestedAssets" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_MinimumPercentageOfAverageInvestedAssets"/>
  <xs:element name="MinimumPercentageOfNetIncome" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_MinimumPercentageOfNetIncome"/>
  <xs:element name="OperatingExpensesOfDescription" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_OperatingExpensesOfDescription"/>
  <xs:element name="DispositionFeePercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_DispositionFeePercentage"/>
  <xs:element name="PrincipalAmountOfDebtPriorPercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_PrincipalAmountOfDebtPriorPercentage"/>
  <xs:element name="AnnualSubordinatedPerformanceFeeDescription" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AnnualSubordinatedPerformanceFeeDescription"/>
  <xs:element name="NetSalesProceedsPercent" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_NetSalesProceedsPercent"/>
  <xs:element name="CapitalContributionsPlusPaymentHoldersOfCommonSharesPercent" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_CapitalContributionsPlusPaymentHoldersOfCommonSharesPercent"/>
  <xs:element name="AdvisorReceiveAFeeEqualPercent" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AdvisorReceiveAFeeEqualPercent"/>
  <xs:element name="AnnualCumulativePreTaxNonCompoundedReturnPercent" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AnnualCumulativePreTaxNonCompoundedReturnPercent"/>
  <xs:element name="NetInvestmentAnnualReturn" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="ltsv_NetInvestmentAnnualReturn"/>
  <xs:element name="AdditionalCummulativeNetInvestmentRate" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AdditionalCummulativeNetInvestmentRate"/>
  <xs:element name="AdditionalDistributionsRate" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AdditionalDistributionsRate"/>
  <xs:element name="AggregateAmountRate" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="ltsv_AggregateAmountRate"/>
  <xs:element name="PretaxNoncompoundedAnnualReturn" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="ltsv_PretaxNoncompoundedAnnualReturn"/>
  <xs:element name="CommitmentsandContingenciesDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="ltsv_CommitmentsandContingenciesDetailsTable"/>
  <xs:element name="CommitmentsandContingenciesDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_CommitmentsandContingenciesDetailsLineItems"/>
  <xs:element name="UnamortizedBalance" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="ltsv_UnamortizedBalance"/>
  <xs:element name="HotelManagementAgreementsInitialTerms" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_HotelManagementAgreementsInitialTerms"/>
  <xs:element name="CompanyOwnedByDavidLichtensteinMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_CompanyOwnedByDavidLichtensteinMember"/>
  <xs:element name="DavidLichtensteinMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_DavidLichtensteinMember"/>
  <xs:element name="FoodBeverageAndOtherRevenueMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_FoodBeverageAndOtherRevenueMember"/>
  <xs:element name="FortyEastEndAvePrefLlcMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_FortyEastEndAvePrefLlcMember"/>
  <xs:element name="LightstoneREITIIIMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_LightstoneREITIIIMember"/>
  <xs:element name="LightstoneREITIVMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_LightstoneREITIVMember"/>
  <xs:element name="LightstoneRealEstateIncomeLlcMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_LightstoneRealEstateIncomeLlcMember"/>
  <xs:element name="MarriottMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_MarriottMember"/>
  <xs:element name="MoxyJuniorLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_MoxyJuniorLoanMember"/>
  <xs:element name="MoxySeniorLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_MoxySeniorLoanMember"/>
  <xs:element name="RoomRevenueMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_RoomRevenueMember"/>
  <xs:element name="SOFRMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_SOFRMember"/>
  <xs:element name="SubordinatedAdvancesMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_SubordinatedAdvancesMember"/>
  <xs:element name="SubordinatedAgreementMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_SubordinatedAgreementMember"/>
  <xs:element name="WilliamsburgLandMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_WilliamsburgLandMember"/>
  <xs:element name="WilliamsburgMoxyHotelJointVentureMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_WilliamsburgMoxyHotelJointVentureMember"/>
  <xs:element name="BasicAndDilutedNetLossPerCompanysCommonShareAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_BasicAndDilutedNetLossPerCompanysCommonShareAbstract"/>
  <xs:element name="ExpensesAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_ExpensesAbstract"/>
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  <xs:element name="DocumentAndEntityInformationAbstract" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="ltsv_DocumentAndEntityInformationAbstract"/>
</xs:schema>
