Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 181 of 282 · 2019
On February 14, 2019 Host LP acquired the entity that owns 1 Hotel South Beach for approximately $610 million, including Class A and Class G OP units. Host IR names 429 keys. Trade press names Starwood Capital / Lefrak as sellers and Hodges Ward Elliott as seller broker. Lifestyle beachfront — not a limited-service Miami PPK. Desk hotel inventory is 426 keys; this tape uses Host’s 429.
$610.0M
Cited consideration · 429 keys · $1.4M / key
Host 8-K: aggregate consideration of approximately $610 million, including OP units. 429 keys as Host disclosed. Not a later recap.
Host Hotels & Resorts Form 8-K, February 19, 2019 (closed February 14)
Historical cited · 2019 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2019 cited corpus2019 cited filingsHost · 2019 filings
Source
Host Hotels & Resorts Form 8-K, February 19, 2019 (closed February 14)
https://www.sec.gov/Archives/edgar/data/1061937/000119312519044341/d703783d8k.htmDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
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.
$1,421,911 / key · 429 keys
$1,447,071 / key · Harbor defaults
Miami / South Beach · worksheet vs tape PPK
Host 8-K: aggregate consideration of approximately $610 million, including OP units. 429 keys as Host disclosed. Not a later recap.
Host Hotels & Resorts Form 8-K, February 19, 2019 (closed February 14)
Historical cited · 2019 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
The house
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Miami / South Beach · Luxury
426 keys · Miami Beach · 1 Hotel
Starwood Capital lifestyle flagship. Host acquired the fee-simple 429-key house on February 14, 2019 for $610 million (8-K / IR). Harbor’s live key count is 426; the 2019 tape uses Host’s 429.
Same house or same market · 3
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Faena Hotel Miami Beach · 169 keys · Luxury
Consideration
Not disclosed
Small luxury. Public consideration not disclosed in sources Harbor will stand behind. Listed as a news-level node only.
Open the tape →FramePacketEstimateMiami / South BeachCompare
Ritz-Carlton Coconut Grove · 115 keys · Luxury
Consideration
$36.0M
$313k / key
Hersha Exhibit 99.1 subsequent events: $36.0 million for the 115-room Ritz-Carlton in Coconut Grove, FL. Coconut Grove Ritz-Carlton — not a South Beach palace PPK.
Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (February 1, 2017 close)
Hersha acquired the 115-room Ritz-Carlton in Coconut Grove, FL on February 1, 2017 for $36.0 million. Harbor PPK is $36.0 million ÷ 115. Hersha rounded the same math to $313,000 per key. The same subsequent-events paragraph names the completed buy, the 115 rooms, and that hotel price. Seller unnamed. Filing names Coconut Grove — Harbor will not invent a South Beach lock. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Pan Pacific Seattle stays off until a filing names a hotel price and keys together. Not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63.0 million / 157 tape, not Sunstone’s 2022 Confidante Miami Beach $232.0 million / 339 tape, and not Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateMiami / South BeachCompare
Fontainebleau Miami Beach · 1504 keys · Luxury
Consideration
Not disclosed
Public restructuring / property history coverage
Mid-2000s restructuring is public. Harbor will not flatten a bankruptcy-and-rebuild story into a single invented sale price.
Open the tape →FramePacketEstimateMiami / South BeachCompare