Harbor by Signalry · Buy / sell deskTape 218 of 282Cited price
Public tape · 218 of 282 · 2016
Dec 1, 2016Historical cited · 2016
Ambrose Hotel — Hersha acquisition
Hersha acquired the 77-room Ambrose Hotel in Santa Monica, CA on December 1, 2016 for $47.5 million. Harbor PPK is $47.5 million ÷ 77. Hersha rounded the same math to $617,000 per key. The same Exhibit 99.1 names the completed buy, the 77 rooms, and that hotel price. 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 a close. 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 January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 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 Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, not Hersha’s 2016 Courtyard Sunnyvale $75.0 million / 145 tape, and not Hersha’s 2017 Ritz-Carlton Coconut Grove $36.0 million / 115 tape. Older than the 2025–26 blotter cut.
$47.5M
Cited consideration · 77 keys · $617k / key
Hersha Exhibit 99.1: $47.5 million for the 77-room Ambrose Hotel in Santa Monica, CA. Santa Monica boutique — not a downtown Ace PPK.
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
$47.5M
$616,883 / key · 77 keys
Worksheet
$38.2M
$496,400 / key · Harbor defaults
Gap
-20%
Los Angeles · worksheet vs tape PPK
Hersha Exhibit 99.1: $47.5 million for the 77-room Ambrose Hotel in Santa Monica, CA. Santa Monica boutique — not a downtown Ace PPK.
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.
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.
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 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.
United Artists adaptive reuse. Park’s December 2019 $117.0 million / 182 tape is now on the corpus. This node is the earlier commentary stub — not a second price.