Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · Ambrose Hotel
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Dec 1, 2016
Ambrose Hotel · Los Angeles · 77 keys · Independent / boutique
$47.5M
$616,883 / key
Hersha Exhibit 99.1: $47.5 million for the 77-room Ambrose Hotel in Santa Monica, CA. Santa Monica boutique — not a downtown Ace PPK.
Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (December 1, 2016 close)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
May 27, 2026
Chamberlain West Hollywood Hotel · Los Angeles · 115 keys · Upscale
$43.5M
$378,261 / key
Pebblebrook IR: $43.5 million for the 115-room Chamberlain. Preferred-share takeout is Pebblebrook’s consideration mix — not a second hotel price.
Pebblebrook Hotel Trust IR, May 28, 2026 (closed May 27)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Different houses. Do not average PPK across markets or structures.
Estimate ↔ tape
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
$616,883 / key · 77 keys
$496,400 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Hersha Exhibit 99.1: $47.5 million for the 77-room Ambrose Hotel in Santa Monica, CA. Santa Monica boutique — not a downtown Ace PPK.
Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (December 1, 2016 close)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Estimate ↔ tape
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
$378,261 / key · 115 keys
$382,426 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Pebblebrook IR: $43.5 million for the 115-room Chamberlain. Preferred-share takeout is Pebblebrook’s consideration mix — not a second hotel price.
Pebblebrook Hotel Trust IR, May 28, 2026 (closed May 27)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.