Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · The Heathman Hotel
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Feb 22, 2023
The Heathman Hotel · Portland · 151 keys · Upper upscale
$45.0M
$298,013 / key
Pebblebrook 10-Q: $45.0 million for The Heathman Hotel, Portland. Closed February 22, 2023. Keys (151) from Pebblebrook IR. Downtown independent — not a waterfront palace PPK.
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Oct 20, 2022
Bohemian Hotel Celebration, Autograph Collection · Orlando · 115 keys · Upper upscale
$27.8M
$241,739 / key
Xenia Q3 2022 10-Q: approximately $27.8 million for the 115-room Bohemian Hotel Celebration, Autograph Collection. Celebration Autograph — not a Fairmont Dallas PPK.
Xenia Hotels & Resorts Form 10-Q, quarter ended September 30, 2022 (closed October 20)
Historical cited · 2022 corpus. 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.
$298,013 / key · 151 keys
$265,249 / key · Harbor defaults
Portland · worksheet vs tape PPK
Pebblebrook 10-Q: $45.0 million for The Heathman Hotel, Portland. Closed February 22, 2023. Keys (151) from Pebblebrook IR. Downtown independent — not a waterfront palace PPK.
Historical cited · 2023 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.
$241,739 / key · 115 keys
$281,583 / key · Harbor defaults
Orlando · worksheet vs tape PPK
Xenia Q3 2022 10-Q: approximately $27.8 million for the 115-room Bohemian Hotel Celebration, Autograph Collection. Celebration Autograph — not a Fairmont Dallas PPK.
Xenia Hotels & Resorts Form 10-Q, quarter ended September 30, 2022 (closed October 20)
Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.