Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · W Hollywood
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Mar 7, 2017
W Hollywood · Los Angeles · 305 keys · Upper upscale
$219.0M
$718,033 / key
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
May 9, 2023
Hotel Monaco Seattle · Seattle · 189 keys · Upper upscale
$63.3M
$334,656 / key
Pebblebrook 10-Q: $63.25 million for Hotel Monaco Seattle. Closed May 9, 2023. Keys (189) from Q2 2023 Exhibit 99.1. Downtown lifestyle — not an airport PPK.
Historical cited · 2023 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.
$718,033 / key · 305 keys
$563,143 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
Historical cited · 2017 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.
$334,656 / key · 189 keys
$384,119 / key · Harbor defaults
Seattle · worksheet vs tape PPK
Pebblebrook 10-Q: $63.25 million for Hotel Monaco Seattle. Closed May 9, 2023. Keys (189) from Q2 2023 Exhibit 99.1. Downtown lifestyle — not an airport PPK.
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.