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Harborby Signalry

New York, NY

Eastdil Secured

An investment bank for large real estate. Hotel appearances are typically trophy or portfolio assignments named in the financial press.

Institutional real estate investment banking, including trophy hotels

https://www.eastdilsecured.com

Public firm. No unpublished book listed here.

Hire process · Directory hire

Desks
1
Graph events
18
Cited prices
14
Unknown on purpose
4

Desks

Hire · not a brochure

Process before the compliment

Match the desk to the species of hotel. A trophy and a Hampton do not share a banker. Harbor will not invent a producer, a cell, or a league table. This folio is process help, not a cold list.

I · Source

Attach from a public page

A desk appears when a press release, 8-K, or firm page names the house. Harbor will not invent a producer to fill a row.

II · Practice desk

Firm when the roster is not ours

CBRE Hotels Americas and HWE Atlanta stand in when Harbor will not publish a private cell. Deal credit still needs a source.

III · Finding

A quiet year is a finding

Years with no attached tape stay blank. That is not a void to fill with a league table.

IV · Comps

Name the comparable set first

Segment, keys, region, affiliation. If they cannot say which tapes have public prices, they are selling atmosphere.

V · Conflict

Ask the conflict sentence

Who else do they represent on this asset or this buyer? Undisclosed dual agency is how you pay twice.

VI · Engagement

Read it as a contract

Tail, protection list, co-broker, marketing spend, and whether they can be the buyer. A handshake is not a hire.

Deal Frame · Living packet · Open the choose-broker job · Sell-side playbook · Compare two tapes · Morning blotter · Directory hire

Public tape · 18 events

Graph events

Press-released assignments only. Linked houses open a labeled estimate — not an appraisal.

News / press releaseHost soldFeb 18, 2026

Four Seasons Orlando + Four Seasons Jackson Hole — Host disposition

Other U.S. markets · 569 keys · Luxury

Consideration

$1.10B

$1.9M / key

Host IR: $1.1 billion for the 444-room Four Seasons Orlando and 125-room Four Seasons Jackson Hole. Portfolio tape. Harbor does not split the two houses. Excludes the Orlando condo development.

Host Hotels & Resorts IR, February 18, 2026

Host sold both resorts for $1.1 billion. Combined 569 keys. Host’s IRR table names the prior $610 million / $315 million purchases and $1.1 billion of sale proceeds — it does not allocate the exit. Trade-press $750 million / $315 million sale splits are not Host’s number; Harbor will not repeat them as fact. Host did not name the buyer; Orange County deed and trade press name BDT & MSD affiliates. Do not use the blended $1.93M/key as a single-house Orlando or Jackson Hole comp.

Open the tape →Other U.S. marketsCompare

Public filingHost boughtJul 31, 2024

Turtle Bay / Ritz-Carlton Oʻahu — Host Hotels acquisition

The Ritz-Carlton Oʻahu, Turtle Bay · 450 keys · Luxury

Consideration

$680.0M

$1.5M / key

Host 2024 10-K: $680 million for the 450-room Turtle Bay Resort plus a 49-acre entitled land parcel, net of Marriott key money. Not a rooms-only PPK.

Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024

Closed July 2024. $680 million is net of $45 million Marriott key money for the Ritz-Carlton conversion. Host’s May 2024 agreement also expected a $630 / $50 million hotel-versus-land allocation, subject to final appraisal — Harbor records the $680 million combined figure, not an invented rooms-only deed. North Shore Oahu resort, not a Waikiki box.

Open the tape →FramePacketEstimateHonolulu / WaikikiCompare

News / press releaseMay 8, 2024

Arizona Biltmore — Blackstone to Henderson Park

Arizona Biltmore · 705 keys · Luxury

Consideration

$705.0M

$1.0M / key

Consideration as reported in trade press and CoStar’s May 2024 deed/affidavit read. Confirm the Maricopa affidavit. Not an HVS survey number.

The Real Deal / CoStar, Jan–May 2024 (announced Jan 23; deed read May 8)

Henderson Park and Pyramid Global Hospitality acquired the 705-key Arizona Biltmore from Blackstone’s BRE Hotels. $705 million is news-level (Bloomberg first cited unnamed sources; CoStar later cited a May 8 deed). Resort plus golf-adjacent campus — not a downtown Phoenix select-service tape.

Open the tape →FramePacketEstimatePhoenix / ScottsdaleCompare

News / press releaseHost boughtNov 1, 2022

Four Seasons Jackson Hole — Host Hotels acquisition

Four Seasons Resort and Residences Jackson Hole · 125 keys · Luxury

Consideration

$315.0M

$2.5M / key

Host IR: $315 million for the 125-room Four Seasons Resort and Residences Jackson Hole. Host’s own 2022 purchase — not an allocated slice of the 2026 sale.

Host Hotels & Resorts IR, February 18, 2026 (recites November 1, 2022 purchase of $315 million)

Host’s February 2026 IR states it purchased the 125-room Four Seasons Jackson Hole on November 1, 2022 for $315 million. Host naming its own buy. Mountain luxury — not an Amangani 40-key boundary. The 2026 exit with Orlando is a separate $1.1 billion combined tape; Harbor does not split it.

Open the tape →FramePacketEstimateJackson HoleCompare

News / press releaseMay 2, 2022

The Cosmopolitan of Las Vegas — Blackstone to MGM

The Cosmopolitan of Las Vegas · 3027 keys · Luxury

Consideration

$5.65B

$1.9M / key

Total consideration: cash, assumed CMBS, and residual land — not rooms-only.

MGM Resorts press release (announced 2021; closed 2022)

MGM acquired The Cosmopolitan from Blackstone. Published consideration mixed cash, $3.68B CMBS assumption, and residual land. Hotel-casino. Do not use this PPK on a rooms-only boutique.

Open the tape →FramePacketEstimateLas VegasCompare

News / press releaseFeb 23, 2022

The Venetian Resort Las Vegas — Sands to Apollo / VICI

The Venetian Resort Las Vegas · 7092 keys · Upper upscale

Consideration

$6.25B

$881k / key

Ops to Apollo affiliates; real estate to VICI. Includes expo and gaming.

Las Vegas Sands / VICI Properties press releases, 2021–2022

Las Vegas Sands sold The Venetian Resort. Structure split operations and real estate. $6.25B is not a rooms-only hotel sale. Expo, retail, and gaming are inside the number.

Open the tape →FramePacketEstimateLas VegasCompare

News / press releaseHost boughtMay 4, 2021

Four Seasons Resort Orlando — Host Hotels acquisition

Four Seasons Resort Orlando at Walt Disney World Resort · 444 keys · Luxury

Consideration

$610.0M

$1.4M / key

Host IR: $610 million for the 444-room Four Seasons Resort Orlando. Host’s own 2021 purchase — not an allocated slice of the 2026 sale.

Host Hotels & Resorts IR, February 18, 2026 (recites May 4, 2021 purchase of $610 million)

Host’s February 2026 IR states it purchased the 444-room Four Seasons Resort Orlando on May 4, 2021 for $610 million. That is Host naming its own buy, not a later allocated sale price. Disney-property luxury — not an International Drive convention box. The 2026 exit with Jackson Hole is a separate $1.1 billion combined tape; Harbor does not split it.

Open the tape →FramePacketEstimateOrlandoCompare

News / press releaseNov 15, 2019

Bellagio real estate — sale-leaseback to Blackstone / GIC

Bellagio · 3933 keys · Luxury

Consideration

$4.25B

$1.1M / key

Sale-leaseback of real estate. MGM continued to operate under a long lease.

MGM Resorts announcement, 2019

MGM sold Bellagio real estate to Blackstone Real Estate and GIC and leased it back. This is a financing/real-estate structure, not a conventional going-concern hotel sale. Cap-rate comparisons to a boutique independent will mislead.

Open the tape →FramePacketEstimateLas VegasCompare

Public filingHost boughtMar 29, 2018

Andaz Maui + Grand Hyatt SF + Hyatt Regency Coconut Point — Host / Hyatt portfolio

Other U.S. markets · 1423 keys · Luxury

Consideration

$1.00B

$703k / key

Hyatt 8-K: aggregate purchase price under the three-property PSA of approximately $1.0 billion. Portfolio tape. Harbor does not split Andaz Maui from Grand Hyatt San Francisco.

Hyatt Hotels Corporation Form 8-K, March 29, 2018

Closed March 29, 2018. 301-key Andaz Maui (plus adjacent land), 668-key Grand Hyatt San Francisco, and 454-key Hyatt Regency Coconut Point sold to Host for approximately $1.0 billion. Hyatt attributed ~$800 million combined to Andaz + Grand Hyatt SF and ~$200 million to Coconut Point. Those attributions are Hyatt’s, not separately priced rooms-only deeds. Do not use the blended $702k/key as a single-house comp.

Open the tape →Other U.S. marketsCompare

News / press releaseHost boughtMar 29, 2018

Hyatt Regency Coconut Point — Hyatt-attributed slice of the 2018 Host PSA

Hyatt Regency Coconut Point Resort and Spa · 454 keys · Upper upscale

Consideration

$200.0M

$441k / key

Hyatt-attributed value of approximately $200 million inside the $1.0 billion three-hotel PSA. Not a separately priced rooms-only deed.

Hyatt Form 8-K exhibit 99.1 / February 2018 sale announcement (attributed values)

Hyatt said the sale of Hyatt Regency Coconut Point reflected an attributed value of approximately $200 million (≈12x 2018 pro-forma EBITDA). That is Hyatt’s attribution inside a portfolio PSA, not an allocated purchase price Harbor will treat as a rooms-only tape. Southwest Florida group resort — not a South Beach lifestyle PPK. See the $1.0 billion combined tape.

Open the tape →FramePacketEstimateSouthwest FloridaCompare

News / press releaseHost boughtJun 8, 2015

The Phoenician — Host Hotels acquisition

The Phoenician · 643 keys · Luxury

Consideration

$400.0M

$622k / key

Host IR: $400 million for the 643-room resort, including a 27-hole golf course and adjacent land parcels. Not a rooms-only PPK.

Host Hotels & Resorts IR, June 8, 2015

On June 8, 2015 Host acquired the 643-room Phoenician, a Luxury Collection resort, for $400 million. The release includes golf and two adjacent parcels zoned for residential. Seller is not named in Host’s release — Harbor will not invent one. Scottsdale resort, not a downtown Phoenix select-service tape.

Open the tape →FramePacketEstimatePhoenix / ScottsdaleCompare

News / press releaseMay 15, 2014

The Cosmopolitan of Las Vegas — Deutsche Bank to Blackstone

The Cosmopolitan of Las Vegas · 3027 keys · Luxury

Consideration

$1.73B

$572k / key

Hotel-casino going-concern. Not a rooms-only boutique tape.

The New York Times DealBook, May 2014

Blackstone agreed to buy The Cosmopolitan from Deutsche Bank for $1.73 billion. Hotel-casino. Use as a structure-aware Strip tape, not a 120-key independent comp. Later 2022 MGM consideration is a different capital stack.

Open the tape →FramePacketEstimateLas VegasCompare