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Harborby Signalry

West · gateway

Los Angeles

A collection of micro-markets. Westside luxury, downtown adaptive reuse, and coastal independents do not share a cap-rate conversation. Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape is a named Santa Monica boutique buy — not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, not Hersha’s 2011 Courtyard Westside $47.5 million / 260 tape, and not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 leasehold tape. Hersha’s Courtyard Westside is a named Los Angeles Courtyard buy — not that Ambrose, not Park’s Ace, and not Sunstone’s Courtyard. Park’s Ace is a named downtown adaptive-reuse single — not Sunstone’s Courtyard, not Sunstone’s 2016 Sheraton Cerritos $42.0 million / 203 leasehold tape, not Hilton Checkers, and not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape. Sunstone’s Courtyard and Cerritos are named leaseholds — not fee downtown deeds. Filing names Los Angeles, Santa Monica, or Cerritos — Harbor will not invent a downtown, Venice, LAX, Long Beach, or Anaheim lock. A downtown Checkers is not a West Hollywood hillside PPK, and Pebblebrook’s 2019 Hotel Amarano Burbank $72.9 million tape is a 132-key Media District boutique — not a Sunset trophy. Apple’s 2015 SpringHill Suites Burbank $60.0 million / 170 and Courtyard Burbank $54.0 million / 190 tapes are named select-service singles — not that Amarano. Apple’s 2015 Hampton Inn Cypress $19.8 million / 110 tape lives on its own Orange County market.

Hotels
16
Graph events
17
Cited prices
13
Desks
8

Hotels

Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.

Los Angeles · Independent / boutique

Ace Hotel Downtown Los Angeles

182 keys · Los Angeles · Ace

United Artists adaptive reuse. Park sold the 182-key house in December 2019 for $117.0 million gross proceeds (Q2 2020 supplemental sold table). Buyer unnamed. Harbor uses the first of December rather than inventing a closing day. Not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape and not Hilton Checkers Los Angeles.

Los Angeles · Upper upscale

Hilton Checkers Los Angeles

193 keys · Los Angeles · Hilton Hotels & Resorts

Downtown Los Angeles Hilton. Park sold the 193-key house in January 2026 for approximately $13 million (Q1 2026 10-Q; keys from the same-quarter Exhibit 99.1). Day-of-month unnamed — Harbor uses the first of January. Buyer unnamed. Not a West Hollywood hillside PPK and not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape. Do not subtract this from Park’s later $31 million Checkers + Seattle pair.

Los Angeles · Upscale

Hotel Amarano Burbank

132 keys · Burbank · Hotel Amarano

Burbank Media District boutique. Pebblebrook closed the 132-key house on July 16, 2019 for $72.9 million (8-K Exhibit 99.1). Buyer unnamed — Harbor will not invent a desk from trade press. Not a Sunset trophy and not Park’s 2025 Checkers $13 million downtown tape.

Los Angeles · Upscale

SpringHill Suites Burbank

170 keys · Burbank · SpringHill Suites

Burbank SpringHill. Apple bought the new 170-key house on July 13, 2015 for $60.0 million (2015 10-K table). Seller unnamed. Not the same-year Courtyard Burbank $54.0 million tape and not Pebblebrook’s 2019 Hotel Amarano Burbank $72.9 million boutique. The $254.8 million 2015 line is the sum of seven named 10-K prices.

Los Angeles · Upscale

Courtyard Burbank

190 keys · Burbank · Courtyard by Marriott

Burbank Courtyard. Apple bought the existing 190-key house on August 11, 2015 for $54.0 million (2015 10-K table). Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. The $254.8 million 2015 line is the sum of seven named 10-K prices.

Los Angeles · Upscale

Hilton Garden Inn LAX/El Segundo

162 keys · El Segundo · Hilton Garden Inn

El Segundo Garden Inn. Park sold the 162-key house in September 2022 for $37.5 million (Q3 2022 Exhibit 99.1). Buyer unnamed. Harbor uses the first of September rather than inventing a closing day. Use that hotel price, not Park’s $231,000/key rounding. Harbor will not invent a buyer from trade press. Not Hilton Checkers Los Angeles, not Summit’s Four Points San Francisco Airport $17.7 million / 101 tape, and not Hilton Garden Inn Chicago/Oakbrook Terrace $9.4 million / 128. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together.

Los Angeles · Upscale

Courtyard Los Angeles

187 keys · Los Angeles · Courtyard

Los Angeles Courtyard leasehold. Sunstone sold the leasehold interest in the 187-key house on October 23, 2019 for a $50 million gross sale price (Exhibit 99.1). Buyer unnamed. That is a leasehold number — not a fee downtown deed. Filing names Los Angeles — Harbor will not invent a downtown or LAX lock. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape, and not Hilton Checkers Los Angeles.

Los Angeles · Upper upscale

Sheraton Cerritos

203 keys · Cerritos · Sheraton

Cerritos Sheraton leasehold. Sunstone sold the leasehold interest in the 203-key house on May 11, 2016 for a $42.0 million contractual price (PR Newswire). Buyer unnamed. Use that hotel price, not the later $41.2 million net-proceeds line. Filing names Cerritos — Harbor will not invent a Long Beach or Anaheim lock.

Los Angeles · Independent / boutique

Ambrose Hotel

77 keys · Santa Monica · Ambrose Hotel

Santa Monica boutique. Hersha bought the 77-key house on December 1, 2016 for $47.5 million (February 22, 2017 Exhibit 99.1). Seller unnamed. Filing names Santa Monica — Harbor will not invent a Venice or Malibu lock. The October 2016 paper’s Ambrose line was a contract. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape and not Hersha’s 2016 Courtyard Sunnyvale $75.0 million / 145 tape.

Los Angeles · Upscale

Courtyard Westside

260 keys · Los Angeles · Courtyard

Los Angeles Courtyard Westside. Hersha bought the 260-key house in May 2011 for $47.5 million (August 3, 2011 Exhibit 99.1). Harbor uses the first of May rather than inventing a closing day. Seller unnamed. Filing names Los Angeles — Harbor will not invent a Culver City, Marina, or LAX lock. Use the $47.5 million hotel price, not the May 5, 2011 contract $47.0 million and not the 10-Q $47.148 million allocation. Not Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape and not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape.

Desks covering this market

Public coverage lists, not a claimed book. Open a desk for the graph timeline.

Hilton & Hyland

Jeff Hyland

President

Public principal of Hilton & Hyland. Known from the firm’s own site and published luxury-residential work. Harbor records the public role only.

3 public graph events · 3 unknown

2021 · 2008 · 1996

Hilton & Hyland

Rick Hilton

Co-founder

Public co-founder of Hilton & Hyland. Hospitality-adjacent appearances are estate and trophy assignments, not a national hotel desk.

1 public graph events · 1 unknown

1996

Public tape · 4 events

Transactions

Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.

Morning blotterCompare a cited single

Public filingPark soldDec 1, 2019

Ace Hotel Downtown Los Angeles — Park disposition

Ace Hotel Downtown Los Angeles · 182 keys · Independent / boutique

Consideration

$117.0M

$643k / key

Park Q2 2020 supplemental sold table: $117.0 million gross for the 182-room Ace Hotel Downtown Los Angeles. Downtown adaptive reuse — not a West Hollywood hillside PPK.

Park Hotels & Resorts Q2 2020 supplemental, Properties Sold table (December 2019 close; day unnamed)

Park sold the 182-room Ace Hotel Downtown Los Angeles in December 2019 for $117.0 million gross proceeds. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $117.0 million ÷ 182. Park rounded the same math to $643,000 per key. Buyer unnamed. Filing names Los Angeles — Harbor will not invent a Hollywood lock. Not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape and not Hilton Checkers Los Angeles. Hilton New Orleans Airport plus Embassy Suites Parsippany stay combined. Adagio and Le Meridien San Francisco stay off. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together. Older than the 2025–26 blotter cut.

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Public filingSunstone soldOct 23, 2019

Courtyard Los Angeles — Sunstone leasehold disposition

Courtyard Los Angeles · 187 keys · Upscale

Consideration

$50.0M

$267k / key

Sunstone Exhibit 99.1: $50 million gross for the leasehold interest in the 187-room Courtyard by Marriott Los Angeles. Leasehold — not a fee downtown PPK.

Sunstone Hotel Investors Exhibit 99.1, November 4, 2019 (sold October 23)

Sunstone sold the leasehold interest in the 187-room Courtyard by Marriott Los Angeles on October 23, 2019 for a gross sale price of $50 million. Harbor PPK is $50 million ÷ 187 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same Exhibit 99.1 names October 23, the 187 rooms, and that hotel price. Use the $50 million hotel price, not Sunstone’s $267,000/key rounding. Buyer unnamed. Filing names Los Angeles — Harbor will not invent a downtown or LAX lock. Sunstone’s 13.8x / 6.2% trailing lines are Sunstone’s narrative, not a second hotel price. Not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape and not Hilton Checkers Los Angeles. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.

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Public filingJul 16, 2019

Hotel Amarano Burbank — Pebblebrook disposition

Hotel Amarano Burbank · 132 keys · Upscale

Consideration

$72.9M

$552k / key

Pebblebrook 8-K Exhibit 99.1: $72.9 million for the 132-room Hotel Amarano Burbank. Media District boutique — not a Sunset trophy PPK.

Pebblebrook Hotel Trust Form 8-K Exhibit 99.1, July 16, 2019

Pebblebrook closed the 132-room Hotel Amarano Burbank on July 16, 2019 for $72.9 million. Harbor PPK is $72.9 million ÷ 132. Buyer unnamed — Harbor will not invent a desk from trade press. Pebblebrook’s 15.8x / 5.7% 2018 lines — adjusted in the exhibit for California Proposition 13 — are Pebblebrook’s narrative, not a second hotel price. Not Park’s 2025 Checkers $13 million downtown tape and not a West Hollywood hillside PPK. Older than the 2025–26 blotter cut.

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