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.
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.
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.
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.
$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.