New York · Upper upscale
The Beekman
287 keys · New York · Thompson / Beekman
Adaptive reuse of Temple Court. Soft-brand affiliation has shifted with Hyatt/Thompson.
Public tape · 191 of 282 · 2018
Sep 1, 2018
The Beekman — Thompson / Hyatt overlay
Affiliation overlay after opening. Not recorded as a deed sale.
Not disclosed
Unknown on purpose — Harbor will not invent a confidential price · 287 keys
Consideration not disclosed287 keys
Hyatt / Thompson public materials
News or press — not a filing. Harbor will not invent a confidential consideration.
Deal FrameLiving packetLabeled estimateCompare this tape2018 cited corpus
- Corpus
- Historical cited · 2018
- Keys at tape
- 287
- Segment
- Upper upscale
- Market
- New York
- Hotel
- The Beekman
- Buyer
- Hyatt Hotels Corporation
- Seller
- —
Source
Hyatt / Thompson public materials
https://www.hyatt.comDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ tape
The worksheet next to the filing
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
- Not disclosed
- Worksheet
- $234.5M
- Gap
- —
287 keys
$817,109 / key · Harbor defaults
New York · worksheet vs tape PPK
Consideration not disclosed287 keys
Hyatt / Thompson public materials
News or press — not a filing. Harbor will not invent a confidential consideration.
The house
Run the labeled estimate
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Same house or same market · 6
Related public tapes
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Sheraton New York Times Square Hotel — Host disposition
Sheraton New York Times Square Hotel · 1780 keys · Upper upscale
Consideration
$373.0M
$210k / key
Host 10-Q: $373 million for the Sheraton New York Times Square Hotel, including a $250 million bridge loan. April 20, 2022 close per Host IR. Keys (1,780) from Host IR. Times Square convention box — not a palace PPK.
Host sold the Sheraton New York Times Square Hotel in April 2022 for $373 million, including a $250 million bridge loan Host provided to the buyer. Host’s IR dated April 20, 2022 names the close as that day and the 1,780-room count — the sale 10-Q names the month and the $373 million, not the day or keys. Harbor PPK is $373 million ÷ 1,780. Use the $373 million sale price, not the $250 million seller loan. Host’s 28.0x / foregone-capex lines are Host’s narrative, not a second hotel price. Buyer unnamed in Host’s filing. Not the Marriott Marquis, not Host’s 2019 Westin Grand Central $302 million tape, and not Sunstone’s Hilton Times Square assignment. Older than the 2025–26 blotter cut.
Public filingDec 1, 2021
DoubleTree Hotel Metropolitan New York City — RLJ disposition
DoubleTree Hotel Metropolitan New York City · 764 keys · Upper upscale
Consideration
$169.0M
$221k / key
RLJ Q4 2021 8-K Exhibit 99.1: $169.0 million gross for the 764-room DoubleTree Hotel Metropolitan New York City. December 2021; day-of-month not named. Midtown East box — not a Times Square convention PPK and not a Roger PPK.
RLJ Lodging Trust Form 8-K Exhibit 99.1, Q4 and full year 2021 (December close; day unnamed)
RLJ sold the 764-room DoubleTree Hotel Metropolitan New York City in December 2021 for a gross sales price of $169.0 million. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $169.0 million ÷ 764. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not DiamondRock’s 2021 Lexington Hotel $185.3 million tape, and not Pebblebrook’s 2021 Roger $19.0 million tape. Older than the 2025–26 blotter cut.
Public filingJun 30, 2021
The Lexington Hotel New York — DiamondRock disposition
The Lexington Hotel New York · 725 keys · Upper upscale
Consideration
$185.3M
$256k / key
DiamondRock 8-K Exhibit 99.1: $185.3 million for the 725-room Lexington Hotel in New York City. Midtown East box — not a Times Square convention PPK and not a Metropolitan PPK.
DiamondRock Hospitality Company Form 8-K Exhibit 99.1, July 1, 2021 (closed June 30)
DiamondRock closed the 725-room Lexington Hotel in New York City on June 30, 2021 for $185.3 million. Harbor PPK is $185.3 million ÷ 725. Use the $185.3 million sale price — DiamondRock’s projected capital line is DiamondRock’s narrative, not a second hotel price. Buyer unnamed. The Frenchman’s Reef cash-plus-participation line stays off this graph. Not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, not Host’s 2022 Sheraton Times Square $373 million convention box, and not Pebblebrook’s 2021 Roger $19.0 million tape. Older than the 2025–26 blotter cut.
Westin New York Grand Central — Host Hotels disposition
The Westin New York Grand Central · 774 keys · Upper upscale
Consideration
$302.0M
$390k / key
Host IR: $302 million including approximately $20 million of FF&E funds. PPK is not rooms-only.
Host Hotels & Resorts IR, January 10, 2019 (closed January 9)
Host closed the sale of the Westin New York Grand Central on January 9, 2019 for $302 million, including approximately $20 million of FF&E funds. Host’s release does not name the buyer or the key count. Trade press names 774 keys and Davidson Kempner. Upper-upscale Midtown box — not a Central Park luxury PPK.
Doubletree Guest Suites Times Square — Sunstone leasehold entity sale
Doubletree Guest Suites Times Square · 468 keys · Upper upscale
Consideration
$540.0M
$1.2M / key
Sunstone 8-K: $540.0 million contractual gross for the entity sale of the leasehold interests in the 468-room Doubletree Guest Suites Times Square. Leasehold — not a fee Midtown PPK.
Sunstone Hotel Investors Form 8-K, December 18, 2015 (entity sale closed that day)
Sunstone completed the sale of 100% of the membership interests in Times Square Hotel Sub, LLC, the indirect holder of the leasehold interests through which the 468-room Doubletree Guest Suites Times Square is operated, on December 18, 2015 for a contractual gross sale price of $540.0 million. Harbor PPK is $540.0 million ÷ 468 and is a leasehold number — do not apply it as a fee-simple Midtown rooms deed. The same 8-K names December 18, the 468 rooms, and that contractual hotel price. Use the $540.0 million hotel price, not the $520.574 million expected net and not the $175.0 million mortgage payoff. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, and not Pebblebrook’s Roger $19.0 million tape. 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.
Public filingApr 1, 2013
Hyatt Union Square — Hersha acquisition
Hyatt Union Square · 178 keys · Upper upscale
Consideration
$105.0M
$590k / key
Hersha Exhibit 99.1: $105.0 million total consideration for the 178-room Hyatt Union Square. Union Square Hyatt — not a Times Square convention PPK and not a midtown boutique PPK.
Hersha Hospitality Trust Exhibit 99.1, April 30, 2013 (April 2013 close)
Hersha acquired the 178-room Hyatt Union Square in April 2013 for $105.0 million total consideration. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $105.0 million ÷ 178. Hersha rounded the same math to approximately $590,000 per key. The same Exhibit 99.1 names April, the 178 rooms, and that hotel consideration. Use the $105.0 million named consideration, not the $55.0 million new mortgage. Seller unnamed. Filing names Union Square — Harbor will not invent a Times Square or Financial District lock. The same paper’s Courtyard Warwick 66.7% interest stays off. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. 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. The Cindat seven-hotel Manhattan line stays combined. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape, and not Host’s 2022 Sheraton Times Square $373 million convention box. Older than the 2025–26 blotter cut.