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Harborby Signalry

Public tape · 252 of 282 · 2013

Jun 1, 2013

The Driskill — Hyatt affiliation overlay

Affiliation change is not a real-estate sale. Included so buyers see how often a CIM confuses flag with deed.

Not disclosed

Unknown on purpose — Harbor will not invent a confidential price · 189 keys

Consideration not disclosed189 keys

Hyatt public property / brand page

News or press — not a filing. Harbor will not invent a confidential consideration.

Deal FrameLiving packetLabeled estimateCompare this tape2013 cited corpus

Keys at tape
189
Segment
Upper upscale
Market
Austin
Buyer
Hyatt Hotels Corporation
Seller
—

Source

Hyatt public property / brand page

https://www.hyatt.com

Desks 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 Not an unpublished book.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

189 keys

Worksheet
$82.6M

$437,058 / key · Harbor defaults

Gap
—

Austin · worksheet vs tape PPK

Consideration not disclosed189 keys

Hyatt public property / brand page

News or press — not a filing. Harbor will not invent a confidential consideration.

Open the tapeDeal FrameShock the worksheetCompare tapes

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 · 2

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.

Public filingHost boughtDec 1, 2021

Hotel Van Zandt — Host Hotels acquisition

Hotel Van Zandt · 319 keys · Upper upscale

Consideration

$246.0M

$771k / key

Host 2021 10-K: $246 million for the 319-room Hotel Van Zandt, including $4 million FF&E. Downtown Austin Kimpton — not a Domain select-service PPK.

Host Hotels & Resorts Form 10-K for the year ended December 31, 2021

Host acquired the 319-room Hotel Van Zandt for a $246 million purchase price, including $4 million FF&E replacement funds. Harbor PPK is $246 million ÷ 319. Use the $246 million 10-K price, not the $139 million cash and not the $102 million assumed loan — those are funding, not a second hotel price. The 10-K names the year; the cash-flow table groups the Alida buy in December 2021. Harbor uses the first of December rather than inventing a Van Zandt closing day. Seller unnamed. Not Host’s Hyatt Regency Austin $161 million / 448 tape, not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes, and not Apple’s Austin North Garden Inn $10.4 million tape. Host’s $1.6 billion 2021 acquisition line stays off this tape. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAustinCompare

Public filingHost boughtMar 15, 2021

Hyatt Regency Austin — Host Hotels acquisition

Hyatt Regency Austin · 448 keys · Upper upscale

Consideration

$161.0M

$359k / key

Host Q1 2021 10-Q: $161 million for the 448-room Hyatt Regency Austin. Downtown convention Hyatt — not a Domain select-service PPK.

Host Hotels & Resorts Form 10-Q, quarter ended March 31, 2021 (closed March 15, 2021)

Host acquired the 448-room Hyatt Regency Austin on March 15, 2021 for a $161 million purchase price. Harbor PPK is $161 million ÷ 448. The same 10-Q acquisitions note names both the date and the keys with that price. Use the $161 million acquisitions-note price, not the MD&A “approximately $161 million in cash” line as a second hotel price. The MD&A names the interest as fee-simple. Seller unnamed. Not Hotel Van Zandt $246 million, not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes, and not Apple’s Austin North Garden Inn $10.4 million tape. Four Seasons Resort Orlando $610 million is already cited from later Host IR. The Ka’anapali golf-course $28 million line stays off. The $771 million cash used for Austin plus Orlando is funding, not a hotel price. Alila Ventana Big Sur is cited from Host’s Q3 2021 Exhibit 99.1. Baker’s Cay and The Laura stay off until a filing names a close month with the price and keys. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAustinCompare