Abstract: A latch assembly for mounting in an opening of a door and for releasably latching the door to a door frame. The latch assembly includes a housing that is mountable to the opening of the door. A lever is rotatably coupled to the housing between a deployed position and a retracted position. A lock plug is rotatably mounted within the housing, the lock plug having one end for receiving either a tool or key, and an opposite end having an engagement surface. A latching member is movably coupled to the housing, and is engaged with both the rotatable lock plug and the lever in the retracted position of the lever. A torsion spring biases the lock plug back to a starting position after the lock plug is rotated from the starting position using the tool or the key.