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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 No unpublished book listed here.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 · 3 events

Graph events

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

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