Skip to content
Harborby Signalry

Two tapes · no invented prices · Arizona Biltmore

Next to each other. Not blended.

Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.

May 8, 2024

Arizona Biltmore — Blackstone to Henderson Park

Arizona Biltmore · Phoenix / Scottsdale · 705 keys · Luxury

$705.0M

$1,000,000 / key

Consideration as reported in trade press and CoStar’s May 2024 deed/affidavit read. Confirm the Maricopa affidavit. Not an HVS survey number.

News / press releaseHistorical cited · 2024705 keys

The Real Deal / CoStar, Jan–May 2024 (announced Jan 23; deed read May 8)

News or press — not a filing. Harbor will not invent a confidential consideration.

Open the tapeDeal FrameWorksheetMarketSwap sides

Mar 1, 2023

The Camby, Autograph Collection — Host disposition

The Camby, Autograph Collection · Phoenix / Scottsdale · 277 keys · Upper upscale

$110.0M

$397,112 / key

Host 10-Q: $110 million for The Camby, Autograph Collection. March 2023; day-of-month not named. Keys (277) from Host’s 2020 10-K property table. Camelback Autograph — not a Biltmore palace PPK.

Host Hotels & Resorts Form 10-Q, quarter ended March 31, 2023 (March close; day unnamed; keys: 2020 10-K table)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameWorksheetMarketSwap sides

Different houses. Do not average PPK across markets or structures.

Estimate ↔ tape

The worksheet next to the filing

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.

Tape
$705.0M

$1,000,000 / key · 705 keys

Worksheet
$543.0M

$770,276 / key · Harbor defaults

Gap
-23%

Phoenix / Scottsdale · worksheet vs tape PPK

Consideration as reported in trade press and CoStar’s May 2024 deed/affidavit read. Confirm the Maricopa affidavit. Not an HVS survey number.

News / press releaseHistorical cited · 2024705 keys

The Real Deal / CoStar, Jan–May 2024 (announced Jan 23; deed read May 8)

News or press — not a filing. Harbor will not invent a confidential consideration.

Open the tapeDeal FrameShock the worksheetCompare tapes

Estimate ↔ tape

The worksheet next to the filing

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.

Tape
$110.0M

$397,112 / key · 277 keys

Worksheet
$124.2M

$448,361 / key · Harbor defaults

Gap
+13%

Phoenix / Scottsdale · worksheet vs tape PPK

Host 10-Q: $110 million for The Camby, Autograph Collection. March 2023; day-of-month not named. Keys (277) from Host’s 2020 10-K property table. Camelback Autograph — not a Biltmore palace PPK.

Host Hotels & Resorts Form 10-Q, quarter ended March 31, 2023 (March close; day unnamed; keys: 2020 10-K table)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes