Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · Lorien Hotel & Spa
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Jul 9, 2024
Lorien Hotel & Spa · Washington, D.C. · 107 keys · Upper upscale
$30.0M
$280,374 / key
Xenia Q2 2024 10-Q: $30.0 million sale price for the 107-room Lorien Hotel & Spa, Alexandria. Old Town boutique — not a City Center Westin PPK.
Xenia Hotels & Resorts Form 10-Q, quarter ended June 30, 2024 (closed July 9)
Historical cited · 2024 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.
$280,374 / key · 107 keys
$330,377 / key · Harbor defaults
Washington, D.C. · worksheet vs tape PPK
Xenia Q2 2024 10-Q: $30.0 million sale price for the 107-room Lorien Hotel & Spa, Alexandria. Old Town boutique — not a City Center Westin PPK.
Xenia Hotels & Resorts Form 10-Q, quarter ended June 30, 2024 (closed July 9)
Historical cited · 2024 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.