Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · Sheraton Cerritos
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
May 11, 2016
Sheraton Cerritos · Los Angeles · 203 keys · Upper upscale
$42.0M
$206,897 / key
Sunstone IR: $42.0 million contractual for the leasehold interest in the 203-room Sheraton Cerritos. Leasehold — not a fee coastal PPK.
Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Dec 1, 2021
Estancia La Jolla Hotel & Spa · San Diego · 210 keys · Upper upscale
$108.0M
$514,286 / key
Pebblebrook 8-K: $108.0 million for the leasehold interest in the 210-room Estancia La Jolla Hotel & Spa. Ground lease through January 30, 2066. Leasehold — not a Hotel del Coronado PPK.
Pebblebrook Hotel Trust Form 8-K, December 1, 2021 (closed December 1)
Historical cited · 2021 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.
$206,897 / key · 203 keys
$221,391 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Sunstone IR: $42.0 million contractual for the leasehold interest in the 203-room Sheraton Cerritos. Leasehold — not a fee coastal PPK.
Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)
Historical cited · 2016 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.
$514,286 / key · 210 keys
$588,603 / key · Harbor defaults
San Diego · worksheet vs tape PPK
Pebblebrook 8-K: $108.0 million for the leasehold interest in the 210-room Estancia La Jolla Hotel & Spa. Ground lease through January 30, 2066. Leasehold — not a Hotel del Coronado PPK.
Pebblebrook Hotel Trust Form 8-K, December 1, 2021 (closed December 1)
Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.