Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Jun 5, 2025
Hilton New Orleans St. Charles · New Orleans · 252 keys · Upper upscale
$47.0M
$186,508 / key
Sunstone IR: $47 million gross for the 252-room Hilton New Orleans St. Charles. CBD box — not a French Quarter irreplaceable.
Sunstone Hotel Investors IR / PR Newswire, June 9, 2025 (Q2 close dated June 5)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Apr 1, 2025
Fairmont Dallas · Dallas–Fort Worth · 545 keys · Luxury
$111.0M
$203,670 / key
Xenia Exhibit 99.1: $111.0 million for the 545-room Fairmont Dallas. April 2025; day-of-month not named. Downtown luxury — exclusive of an estimated $80 million near-term capex. Not a Plano Hyatt Place PPK.
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.
$186,508 / key · 252 keys
$229,349 / key · Harbor defaults
New Orleans · worksheet vs tape PPK
Sunstone IR: $47 million gross for the 252-room Hilton New Orleans St. Charles. CBD box — not a French Quarter irreplaceable.
Sunstone Hotel Investors IR / PR Newswire, June 9, 2025 (Q2 close dated June 5)
Morning blotter · 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.
$203,670 / key · 545 keys
$301,419 / key · Harbor defaults
Dallas–Fort Worth · worksheet vs tape PPK
Xenia Exhibit 99.1: $111.0 million for the 545-room Fairmont Dallas. April 2025; day-of-month not named. Downtown luxury — exclusive of an estimated $80 million near-term capex. Not a Plano Hyatt Place PPK.
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.