Harbor by Signalry · Buy / sell deskTape 258 of 282Cited price
Public tape · 258 of 282 · 2011
May 1, 2011Historical cited · 2011
Courtyard Westside — Hersha acquisition
Hersha acquired the 260-room Marriott Courtyard Westside in Los Angeles in May 2011 for $47.5 million. Harbor uses the first of May rather than inventing a closing day. Harbor PPK is $47.5 million ÷ 260. Hersha rounded the same math to $182,500 per key. The same Exhibit 99.1 names May, the 260 rooms, and that hotel price. Use the $47.5 million hotel price, not the May 5, 2011 contract $47.0 million and not the 10-Q $47.148 million allocation. Seller unnamed. Filing names Los Angeles — Harbor will not invent a Culver City, Marina, or LAX lock. The May 5, 2011 paper’s Courtyard Westside line is a contract, not a close. 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape, not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape, not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, and not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape. Older than the 2025–26 blotter cut.
$47.5M
Cited consideration · 260 keys · $183k / key
Hersha Exhibit 99.1: $47.5 million for the 260-room Courtyard Westside in Los Angeles. Los Angeles Courtyard Westside — not a Santa Monica boutique PPK and not a downtown Courtyard 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
$182,692 / key · 260 keys
Worksheet
$67.0M
$257,515 / key · Harbor defaults
Gap
+41%
Los Angeles · worksheet vs tape PPK
Hersha Exhibit 99.1: $47.5 million for the 260-room Courtyard Westside in Los Angeles. Los Angeles Courtyard Westside — not a Santa Monica boutique PPK and not a downtown Courtyard PPK.
Los Angeles Courtyard Westside. Hersha bought the 260-key house in May 2011 for $47.5 million (August 3, 2011 Exhibit 99.1). Harbor uses the first of May rather than inventing a closing day. Seller unnamed. Filing names Los Angeles — Harbor will not invent a Culver City, Marina, or LAX lock. Use the $47.5 million hotel price, not the May 5, 2011 contract $47.0 million and not the 10-Q $47.148 million allocation. Not Hersha’s 2016 Ambrose Hotel $47.5 million / 77 tape and not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape.
Sunstone Exhibit 99.1: $50 million gross for the leasehold interest in the 187-room Courtyard by Marriott Los Angeles. Leasehold — not a fee downtown PPK.
Pebblebrook closed the 115-room Chamberlain West Hollywood Hotel on May 27, 2026 for $43.5 million to a third party. Harbor PPK is $43.5 million ÷ 115. Pebblebrook accepted preferred shares as partial consideration and retired them at a discount — that is Pebblebrook’s capital story, not a second rooms-only deed. Buyer unnamed.
Pebblebrook closed the 133-room Montrose at Beverly Hills on November 19, 2025 for $44.25 million to a third party. Harbor PPK is $44.25 million ÷ 133. Buyer unnamed — Harbor will not invent one. West Hollywood lifestyle, not a Beverly Hills palace.
Park sold the 162-room Hilton Garden Inn LAX/El Segundo in September 2022 for $37.5 million. Harbor uses the first of September rather than inventing a closing day. Harbor PPK is $37.5 million ÷ 162. The same Q3 2022 Exhibit 99.1 names September, the 162 rooms, and that price. Use the $37.5 million hotel price, not Park’s $231,000/key rounding. Buyer unnamed. Harbor will not invent a buyer from trade press. Not Hilton Checkers Los Angeles, not Summit’s Four Points San Francisco Airport $17.7 million / 101 tape, and not Hilton Garden Inn Chicago/Oakbrook Terrace $9.4 million / 128. 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. The $149 million 2022 proceeds line stays combined. The Hilton San Diego Bayfront joint-venture line and the DoubleTree Las Vegas Airport joint-venture share stay off. Older than the 2025–26 blotter cut.
Sunstone Exhibit 99.1: $50 million gross for the leasehold interest in the 187-room Courtyard by Marriott Los Angeles. Leasehold — not a fee downtown PPK.
Sunstone sold the leasehold interest in the 187-room Courtyard by Marriott Los Angeles on October 23, 2019 for a gross sale price of $50 million. Harbor PPK is $50 million ÷ 187 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same Exhibit 99.1 names October 23, the 187 rooms, and that hotel price. Use the $50 million hotel price, not Sunstone’s $267,000/key rounding. Buyer unnamed. Filing names Los Angeles — Harbor will not invent a downtown or LAX lock. Sunstone’s 13.8x / 6.2% trailing lines are Sunstone’s narrative, not a second hotel price. Not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape and not Hilton Checkers Los Angeles. 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.
Pebblebrook closed the 132-room Hotel Amarano Burbank on July 16, 2019 for $72.9 million. Harbor PPK is $72.9 million ÷ 132. Buyer unnamed — Harbor will not invent a desk from trade press. Pebblebrook’s 15.8x / 5.7% 2018 lines — adjusted in the exhibit for California Proposition 13 — are Pebblebrook’s narrative, not a second hotel price. Not Park’s 2025 Checkers $13 million downtown tape and not a West Hollywood hillside PPK. Older than the 2025–26 blotter cut.
Apple acquired the existing 190-room Courtyard Burbank on August 11, 2015 for a $54.0 million gross purchase price. Harbor PPK is $54.0 million ÷ 190. Use the table price, not transaction costs. Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.