Harbor by Signalry · Buy / sell deskTape 46 of 282Cited price
Public tape · 46 of 282 · 2024
Jul 31, 2024Historical cited · 2024
1 Hotel Central Park — Host Hotels acquisition
On July 31, 2024 Host acquired the fee-simple 234-room 1 Hotel Central Park for $265 million. Filing-grade. Lifestyle luxury on Central Park South — not a limited-service Midtown PPK. Desk hotel inventory is 230 keys; this tape uses Host’s 234.
$265.0M
Cited consideration · 234 keys · $1.1M / key
Host 2024 10-K: $265 million for the 234-room 1 Hotel Central Park. Cash. Not a later recap.
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.
Tape
$265.0M
$1,132,479 / key · 234 keys
Worksheet
$327.7M
$1,424,841 / key · Harbor defaults
Gap
+26%
New York · worksheet vs tape PPK
Host 2024 10-K: $265 million for the 234-room 1 Hotel Central Park. Cash. Not a later recap.
Lifestyle luxury on Central Park South. Host acquired the 234-key house on July 31, 2024 for $265 million (2024 10-K). Harbor’s live key count is 230; the 2024 tape uses Host’s 234.
Hilton sold the 1,413-key Waldorf Astoria New York to Anbang Insurance Group for $1.95 billion. Later conversion reduced hotel keys. PPK uses the 2014 room count. This is a trophy going-concern sale, not a rooms-only select-service comp.
El-Ad acquired The Plaza for $675 million. Subsequent condo conversion cut hotel keys. Use 808 rooms for this tape, not today’s hotel count. Historic file — do not apply 2004 PPK to a 2026 underwriting without a time adjustment.