Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 42 of 282 · 2024
On December 4, 2024 the consolidated joint venture that owned the 375-room DoubleTree Hotel Spokane City Center sold the hotel for $35 million gross, or about $93,000 per key. Park said proceeds first repay a $13.5 million mortgage, with Park’s pro-rata share of remaining net proceeds for general corporate purposes. Harbor records the $35 million hotel price and will not invent Park’s net. Spokane Journal / Washington tax records name Spokane Hotel LLC (JMA Ventures). Not a Seattle waterfront PPK.
$35.0M
Cited consideration · 375 keys · $93k / key
Park IR: $35 million gross for the 375-room hotel. Hotel consideration — not Park’s net after the $13.5 million mortgage. Inland Northwest, not Seattle.
Park Hotels & Resorts IR / Nasdaq, December 2024 (closed December 4)
Historical cited · 2024 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpusPark · 2024 filings
Source
Park Hotels & Resorts IR / Nasdaq, December 2024 (closed December 4)
https://www.nasdaq.com/press-release/park-hotels-resorts-provides-update-recent-operating-trends-and-capital-allocationDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ tape
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.
$93,333 / key · 375 keys
$139,262 / key · Harbor defaults
Spokane · worksheet vs tape PPK
Park IR: $35 million gross for the 375-room hotel. Hotel consideration — not Park’s net after the $13.5 million mortgage. Inland Northwest, not Seattle.
Park Hotels & Resorts IR / Nasdaq, December 2024 (closed December 4)
Historical cited · 2024 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
The house
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Spokane · Upper upscale
375 keys · Spokane · DoubleTree
Riverfront convention box. The consolidated JV that owned the house sold it on December 4, 2024 for $35 million gross (Park IR). That is the hotel price, not Park’s net after the $13.5 million mortgage. Not a Seattle waterfront tape.