Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · Embassy Suites La Jolla
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Dec 2, 2021
Embassy Suites La Jolla · San Diego · 340 keys · Upper upscale
$226.7M
$666,765 / key
Sunstone FY2021 Exhibit 99.1: $226.7 million contractual for the 340-room Embassy Suites La Jolla. La Jolla Embassy — not an Estancia leasehold PPK.
Sunstone Hotel Investors Exhibit 99.1, February 22, 2022 (sold December 2, 2021)
Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Jul 30, 2026
Hyatt Regency San Francisco · San Francisco · 821 keys · Upper upscale
$279.0M
$339,829 / key
Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
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.
$666,765 / key · 340 keys
$377,447 / key · Harbor defaults
San Diego · worksheet vs tape PPK
Sunstone FY2021 Exhibit 99.1: $226.7 million contractual for the 340-room Embassy Suites La Jolla. La Jolla Embassy — not an Estancia leasehold PPK.
Sunstone Hotel Investors Exhibit 99.1, February 22, 2022 (sold December 2, 2021)
Historical cited · 2021 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.
$339,829 / key · 821 keys
$448,361 / key · Harbor defaults
San Francisco · worksheet vs tape PPK
Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.