Harbor by Signalry · Buy / sell deskTape 105 of 282Cited price
Public tape · 105 of 282 · 2022
Jun 1, 2022Historical cited · 2022
The Confidante Miami Beach — Sunstone acquisition
Sunstone purchased the fee-simple interest in the 339-room The Confidante Miami Beach, Florida in June 2022 for a contractual purchase price of $232.0 million. Harbor uses the first of June rather than inventing a closing day. Harbor PPK is $232.0 million ÷ 339. The same Q2 2022 10-Q names June, the 339 rooms, and that contractual price. Use the $232.0 million hotel price, not the $60 million renovation, not the $140.0 million credit-facility draw, and not the $0.5 million in-place allocation. Seller unnamed. Later Andaz Miami Beach is a rebrand, not a second tape. Not Host’s 2022 YVE $50 million / 242 downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63 million / 157 tape, and not Pebblebrook’s 2021 Margaritaville Hollywood Beach $270 million / 369 tape — that PPK is not a fee deed. The Hilton San Diego Bayfront 25% interest stays off. Older than the 2025–26 blotter cut.
$232.0M
Cited consideration · 339 keys · $684k / key
Sunstone Q2 2022 10-Q: $232.0 million contractual for the fee-simple 339-room The Confidante Miami Beach. Miami Beach Confidante — not a downtown Biscayne 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
$232.0M
$684,366 / key · 339 keys
Worksheet
$223.3M
$658,817 / key · Harbor defaults
Gap
-4%
Miami / South Beach · worksheet vs tape PPK
Sunstone Q2 2022 10-Q: $232.0 million contractual for the fee-simple 339-room The Confidante Miami Beach. Miami Beach Confidante — not a downtown Biscayne PPK.
Miami Beach Confidante. Sunstone bought the fee-simple 339-key house in June 2022 for a $232.0 million contractual purchase price (Q2 2022 10-Q). Seller unnamed. Harbor uses the first of June rather than inventing a closing day. Use that contractual hotel price, not the $60 million renovation, not the $140.0 million credit-facility draw, and not the $0.5 million in-place allocation. Later Andaz Miami Beach is a rebrand, not a second tape. Not Host’s 2022 YVE $50 million downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63 million tape, and not Pebblebrook’s 2021 Margaritaville Hollywood Beach $270 million / 369 tape — that PPK is not a fee deed. The Hilton San Diego Bayfront 25% interest stays off.
Pebblebrook closed the 157-room Hotel Colonnade Coral Gables, Autograph Collection on March 28, 2023 for $63.0 million to a third party. Harbor PPK is $63.0 million ÷ 157. Pebblebrook’s 15.4x / 5.5% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not Host’s 2022 YVE $50 million downtown tape and not a South Beach luxury PPK. The Westin Michigan Avenue retail parcel stays off this tape. Older than the 2025–26 blotter cut.
Park closed the 508-room Hilton Miami Airport for $118.25 million, or $233,000 per key as Park rounded it. Harbor PPK is $118.25 million ÷ 508. Later Park earnings date the effective sale to January 2023; the IR close date is February 2. MCR announced the buy. Airport box — not a South Beach lifestyle tape.