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  <xs:element name="DueToRelatedParties" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_DueToRelatedParties"/>
  <xs:element name="LossFromInvestmentsInUnconsolidatedAffiliatedRealEstateEntities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LossFromInvestmentsInUnconsolidatedAffiliatedRealEstateEntities"/>
  <xs:element name="DistributionsFromUnconsolidatedAffiliatedRealEstateEntity" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_DistributionsFromUnconsolidatedAffiliatedRealEstateEntity"/>
  <xs:element name="InvestmentsInUnconsolidatedAffiliatedRealEstateEntities" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_InvestmentsInUnconsolidatedAffiliatedRealEstateEntities"/>
  <xs:element name="MarketableSecuritiesAndFairValueMeasurementsTextBlock" type="dtr:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MarketableSecuritiesAndFairValueMeasurementsTextBlock"/>
  <xs:element name="ScheduleOfCondensedStatementsOfOperationsForTheHiltonGardenInnJointVentureTableTextBlock" type="dtr:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ScheduleOfCondensedStatementsOfOperationsForTheHiltonGardenInnJointVentureTableTextBlock"/>
  <xs:element name="ScheduleOfCondensedBalanceSheetForHiltonGardenInnJointVentureTableTextBlock" type="dtr:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ScheduleOfCondensedBalanceSheetForHiltonGardenInnJointVentureTableTextBlock"/>
  <xs:element name="ScheduleOfCondensedIncomeStatementsTableTextBlock" type="dtr:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ScheduleOfCondensedIncomeStatementsTableTextBlock"/>
  <xs:element name="ScheduleOfCondensedBalanceSheetForJointVentureTableTextBlock" type="dtr:textBlockItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ScheduleOfCondensedBalanceSheetForJointVentureTableTextBlock"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesTablesTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesTablesTable"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesTablesLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesTablesLineItems"/>
  <xs:element name="DateOfOwnership" type="xbrli:dateItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_DateOfOwnership"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedincomestatementsDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedincomestatementsDetailsTable"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedincomestatementsDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedincomestatementsDetailsLineItems"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedbalancesheetsDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedbalancesheetsDetailsTable"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedbalancesheetsDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesScheduleofcondensedbalancesheetsDetailsLineItems"/>
  <xs:element name="CasualtyGainNet" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_CasualtyGainNet"/>
  <xs:element name="MarketableSecuritiesandFairValueMeasurementsScheduleofavailableforsalesecuritiesDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_MarketableSecuritiesandFairValueMeasurementsScheduleofavailableforsalesecuritiesDetailsTable"/>
  <xs:element name="MarketableSecuritiesandFairValueMeasurementsScheduleofavailableforsalesecuritiesDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MarketableSecuritiesandFairValueMeasurementsScheduleofavailableforsalesecuritiesDetailsLineItems"/>
  <xs:element name="MortgagespayablenetScheduleofmortgagespayablenetDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_MortgagespayablenetScheduleofmortgagespayablenetDetailsTable"/>
  <xs:element name="MortgagespayablenetScheduleofmortgagespayablenetDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MortgagespayablenetScheduleofmortgagespayablenetDetailsLineItems"/>
  <xs:element name="DebtInstrumentMaturityDateMonthAndYear" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_DebtInstrumentMaturityDateMonthAndYear"/>
  <xs:element name="BusinessandStructureDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_BusinessandStructureDetailsTable"/>
  <xs:element name="BusinessandStructureDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_BusinessandStructureDetailsLineItems"/>
  <xs:element name="ConsiderationAmount" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ConsiderationAmount"/>
  <xs:element name="ContributionFromAdvisor" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ContributionFromAdvisor"/>
  <xs:element name="NumberOfLimitedPartnerUnitsIssuedToAdvisor" type="xbrli:sharesItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_NumberOfLimitedPartnerUnitsIssuedToAdvisor"/>
  <xs:element name="GeneralPartnershipInterestPercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_GeneralPartnershipInterestPercentage"/>
  <xs:element name="RealEstateInvestmentTrustMandatedAnnualDistributionsPercentageTaxableIncome" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_RealEstateInvestmentTrustMandatedAnnualDistributionsPercentageTaxableIncome"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesDetailsTable"/>
  <xs:element name="InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesDetailsLineItems" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_InvestmentsinUnconsolidatedAffiliatedRealEstateEntitiesDetailsLineItems"/>
  <xs:element name="BusinessAcquisitionPercentAgeOfVotingInterestAcquired" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_BusinessAcquisitionPercentAgeOfVotingInterestAcquired"/>
  <xs:element name="AamendedToProvideDescription" type="xbrli:stringItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_AamendedToProvideDescription"/>
  <xs:element name="CashCollateral" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="credit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_CashCollateral"/>
  <xs:element name="MembershipIntersts" type="dtr:percentItemType" abstract="false" xbrli:periodType="instant" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MembershipIntersts"/>
  <xs:element name="AcquiredMembershipInterestPercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_AcquiredMembershipInterestPercentage"/>
  <xs:element name="AggregateConsiderationAmount" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_AggregateConsiderationAmount"/>
  <xs:element name="CasualtyLoss" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_CasualtyLoss"/>
  <xs:element name="RemediationCost" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_RemediationCost"/>
  <xs:element name="CasualtyGainLossNet" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_CasualtyGainLossNet"/>
  <xs:element name="OffsetPartiallyAdditionalRemediationCosts" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_OffsetPartiallyAdditionalRemediationCosts"/>
  <xs:element name="FinancialInstitutionConstructionLoanAmount" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_FinancialInstitutionConstructionLoanAmount"/>
  <xs:element name="LoanExitFees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="duration" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LoanExitFees"/>
  <xs:element name="MortgagespayablenetDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_MortgagespayablenetDetailsTable"/>
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  <xs:element name="ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding"/>
  <xs:element name="RelatedPartyTransactionsDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_RelatedPartyTransactionsDetailsTable"/>
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  <xs:element name="AssetManagementAndFinanceFees" type="xbrli:monetaryItemType" abstract="false" xbrli:periodType="instant" xbrli:balance="debit" nillable="true" substitutionGroup="xbrli:item" id="lvvr_AssetManagementAndFinanceFees"/>
  <xs:element name="CommitmentsandContingenciesDetailsTable" type="xbrli:stringItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrldt:hypercubeItem" id="lvvr_CommitmentsandContingenciesDetailsTable"/>
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  <xs:element name="ManagementAgreementTerm" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_ManagementAgreementTerm"/>
  <xs:element name="PercentageOfManagementFeesOnGrossRevenue" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_PercentageOfManagementFeesOnGrossRevenue"/>
  <xs:element name="FranchiseFeePercentage" type="dtr:percentItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_FranchiseFeePercentage"/>
  <xs:element name="FranchiseAgreementTerm" type="xbrli:durationItemType" abstract="false" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_FranchiseAgreementTerm"/>
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  <xs:element name="BedfordAvenueHoldingsLLCMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_BedfordAvenueHoldingsLLCMember"/>
  <xs:element name="HiltonGardenInnJointVentureMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_HiltonGardenInnJointVentureMember"/>
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  <xs:element name="Home2SuitesMortgageMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_Home2SuitesMortgageMember"/>
  <xs:element name="Home2SuitesSaltLakeCityLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_Home2SuitesSaltLakeCityLoanMember"/>
  <xs:element name="Home2SuitesTukwilaLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_Home2SuitesTukwilaLoanMember"/>
  <xs:element name="LVPLICHotelJVLLCMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LVPLICHotelJVLLCMember"/>
  <xs:element name="LichtensteinMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LichtensteinMember"/>
  <xs:element name="LightstoneREITIIMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LightstoneREITIIMember"/>
  <xs:element name="LightstoneREITIVMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LightstoneREITIVMember"/>
  <xs:element name="LightstoneReitIiiMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LightstoneReitIiiMember"/>
  <xs:element name="LightstoneValuePlusReitIiiLlcMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_LightstoneValuePlusReitIiiLlcMember"/>
  <xs:element name="MoxyConstructionLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MoxyConstructionLoanMember"/>
  <xs:element name="MoxyJuniorLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MoxyJuniorLoanMember"/>
  <xs:element name="MoxyMortgageLoansMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MoxyMortgageLoansMember"/>
  <xs:element name="MoxySeniorLoanMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MoxySeniorLoanMember"/>
  <xs:element name="MrLichtensteinMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_MrLichtensteinMember"/>
  <xs:element name="OwnershipPercentageMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_OwnershipPercentageMember"/>
  <xs:element name="PreferredEquitySecuritiesMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_PreferredEquitySecuritiesMember"/>
  <xs:element name="RoomMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_RoomMember"/>
  <xs:element name="SOFRMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_SOFRMember"/>
  <xs:element name="WilliamsburgMoxyHotelJointVentureMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_WilliamsburgMoxyHotelJointVentureMember"/>
  <xs:element name="WilliamsburgMoxyHotelMember" type="dtr:domainItemType" abstract="true" xbrli:periodType="duration" nillable="true" substitutionGroup="xbrli:item" id="lvvr_WilliamsburgMoxyHotelMember"/>
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