Tampa / St. Pete · Luxury
The Don CeSar
347 keys · St. Pete Beach · Marriott Autograph / historic
Pink Palace. Host Hotels acquired the 347-key house plus Beach House Suites in 2017 for $214 million (10-K). Later owner confirm the current deed.
Public tape · 211 of 282 · 2017
Feb 16, 2017Historical cited · 2017
The Don CeSar — Host Hotels acquisition
On February 16, 2017 Host acquired the Don CeSar, including Beach House Suites, for $214 million. Filing-grade. Pink Palace resort — not a limited-service Gulf Coast box. Later deeds may differ; this tape is the 2017 10-K number.
$214.0M
Cited consideration · 347 keys · $617k / key
Host 10-K: 347-room Don CeSar including the adjacent Beach House Suites. Not a rooms-only 277-key box.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2017 cited corpus2017 cited filingsHost · 2017 filings
- Corpus
- Historical cited · 2017
- Keys at tape
- 347
- Segment
- Luxury
- Market
- Tampa / St. Pete
- Hotel
- The Don CeSar
- Buyer
- Host Hotels & Resorts
- Seller
- —
Source
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
https://www.sec.gov/Archives/edgar/data/1061937/000156459018003330/hst-10k_20171231.htmDesks 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 Not an unpublished book.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
- $214.0M
- Worksheet
- $247.0M
- Gap
- +15%
$616,715 / key · 347 keys
$711,750 / key · Harbor defaults
Tampa / St. Pete · worksheet vs tape PPK
Host 10-K: 347-room Don CeSar including the adjacent Beach House Suites. Not a rooms-only 277-key box.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
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.