Skip to content
Harborby Signalry

Two tapes · no invented prices · Renaissance Westchester

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.

Oct 15, 2021

Renaissance Westchester — Sunstone disposition

Renaissance Westchester · Westchester County · 348 keys · Upper upscale

$18.8M

$54,023 / key

Sunstone Q3 2021 Exhibit 99.1: $18.8 million contractual for the 348-room Renaissance Westchester. Suburban Westchester Renaissance — not a Manhattan PPK.

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameWorksheetMarketSwap sides

Jul 1, 2026

Hilton Short Hills — Park disposition

Hilton Short Hills · Northern New Jersey · 314 keys · Upper upscale

$12.0M

$38,217 / key

Park IR: $12 million gross for the 314-room Hilton Short Hills. Anticipated capex of about $27 million is Park’s narrative. Not a Midtown fee PPK.

News / press releaseMorning blotter · 2025–26Park sold314 keys

Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)

Morning blotter · 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
$18.8M

$54,023 / key · 348 keys

Worksheet
$51.1M

$146,834 / key · Harbor defaults

Gap
+172%

Westchester County · worksheet vs tape PPK

Sunstone Q3 2021 Exhibit 99.1: $18.8 million contractual for the 348-room Renaissance Westchester. Suburban Westchester Renaissance — not a Manhattan PPK.

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

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
$12.0M

$38,217 / key · 314 keys

Worksheet
$58.8M

$187,321 / key · Harbor defaults

Gap
+390%

Northern New Jersey · worksheet vs tape PPK

Park IR: $12 million gross for the 314-room Hilton Short Hills. Anticipated capex of about $27 million is Park’s narrative. Not a Midtown fee PPK.

News / press releaseMorning blotter · 2025–26Park sold314 keys

Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes