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Harborby Signalry

Eastdil Secured · Practice desk

Eastdil Secured — trophy / lodging

Investment banking

Large-cap real estate investment bank. Hotel work is typically trophy or portfolio, named in the financial press when it is public.

Public source · Firm page · Hire process

Graph events
18
Cited prices
14
Unknown on purpose
4

Deal timeline · 3 graph events

What the public record allows

Harbor attaches a desk when a press release or public pattern names the firm — not an unpublished book. Missing prices stay missing. Linked houses open a labeled estimate.

Public filingHost boughtMar 29, 2018

Andaz Maui + Grand Hyatt SF + Hyatt Regency Coconut Point — Host / Hyatt portfolio

Other U.S. markets · 1423 keys · Luxury

Consideration

$1.00B

$703k / key

Hyatt 8-K: aggregate purchase price under the three-property PSA of approximately $1.0 billion. Portfolio tape. Harbor does not split Andaz Maui from Grand Hyatt San Francisco.

Hyatt Hotels Corporation Form 8-K, March 29, 2018

Closed March 29, 2018. 301-key Andaz Maui (plus adjacent land), 668-key Grand Hyatt San Francisco, and 454-key Hyatt Regency Coconut Point sold to Host for approximately $1.0 billion. Hyatt attributed ~$800 million combined to Andaz + Grand Hyatt SF and ~$200 million to Coconut Point. Those attributions are Hyatt’s, not separately priced rooms-only deeds. Do not use the blended $702k/key as a single-house comp.

Open the tape →Other U.S. marketsCompare

News / press releaseHost boughtMar 29, 2018

Hyatt Regency Coconut Point — Hyatt-attributed slice of the 2018 Host PSA

Hyatt Regency Coconut Point Resort and Spa · 454 keys · Upper upscale

Consideration

$200.0M

$441k / key

Hyatt-attributed value of approximately $200 million inside the $1.0 billion three-hotel PSA. Not a separately priced rooms-only deed.

Hyatt Form 8-K exhibit 99.1 / February 2018 sale announcement (attributed values)

Hyatt said the sale of Hyatt Regency Coconut Point reflected an attributed value of approximately $200 million (≈12x 2018 pro-forma EBITDA). That is Hyatt’s attribution inside a portfolio PSA, not an allocated purchase price Harbor will treat as a rooms-only tape. Southwest Florida group resort — not a South Beach lifestyle PPK. See the $1.0 billion combined tape.

Open the tape →FramePacketEstimateSouthwest FloridaCompare

Hire · not a brochure

Process before the compliment

Match the desk to the species of hotel. A trophy and a Hampton do not share a banker. Harbor will not invent a producer, a cell, or a league table. This folio is process help, not a cold list.

I · Source

Attach from a public page

A desk appears when a press release, 8-K, or firm page names the house. Harbor will not invent a producer to fill a row.

II · Practice desk

Firm when the roster is not ours

CBRE Hotels Americas and HWE Atlanta stand in when Harbor will not publish a private cell. Deal credit still needs a source.

III · Finding

A quiet year is a finding

Years with no attached tape stay blank. That is not a void to fill with a league table.

IV · Comps

Name the comparable set first

Segment, keys, region, affiliation. If they cannot say which tapes have public prices, they are selling atmosphere.

V · Conflict

Ask the conflict sentence

Who else do they represent on this asset or this buyer? Undisclosed dual agency is how you pay twice.

VI · Engagement

Read it as a contract

Tail, protection list, co-broker, marketing spend, and whether they can be the buyer. A handshake is not a hire.

Deal Frame · Living packet · Open the choose-broker job · Sell-side playbook · Compare two tapes · Morning blotter · Directory hire