Harbor by Signalry · Buy / sell deskTape 212 of 282Cited price
Public tape · 212 of 282 · 2017
Feb 10, 2017Historical cited · 2017
Fairmont Newport Beach — Sunstone disposition
Sunstone sold the 444-room Fairmont Newport Beach on February 10, 2017 for a gross sales price of $125.0 million. Harbor PPK is $125.0 million ÷ 444. The same Exhibit 99.1 names February 10, the 444 rooms, and that gross hotel price. Use the $125.0 million hotel price, not a later net line. Buyer unnamed. Filing names Newport Beach — Harbor will not invent an Irvine or Anaheim lock. Not Xenia’s Fairmont Dallas $111.0 million tape, not Apple’s Hampton Inn Cypress $19.8 million / 110 tape, and not Pebblebrook’s Gurney’s Newport $174.0 million / 257 Rhode Island tape. The Marriott Philadelphia plus Marriott Quincy $139.0 million line stays combined. 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.
$125.0M
Cited consideration · 444 keys · $282k / key
Sunstone Exhibit 99.1: $125.0 million gross for the 444-room Fairmont Newport Beach. Coastal Orange County Fairmont — not a Dallas Fairmont PPK and not a Gurney’s Newport, RI 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
$125.0M
$281,532 / key · 444 keys
Worksheet
$206.5M
$465,186 / key · Harbor defaults
Gap
+65%
Orange County, California · worksheet vs tape PPK
Sunstone Exhibit 99.1: $125.0 million gross for the 444-room Fairmont Newport Beach. Coastal Orange County Fairmont — not a Dallas Fairmont PPK and not a Gurney’s Newport, RI PPK.
Coastal Orange County Fairmont. Sunstone sold the 444-key house on February 10, 2017 for a $125.0 million gross sales price (Exhibit 99.1). Buyer unnamed. Use that hotel price, not a later net line. Filing names Newport Beach — Harbor will not invent an Irvine or Anaheim lock. Not Xenia’s Fairmont Dallas $111.0 million tape, not Apple’s Hampton Inn Cypress $19.8 million / 110 tape, and not Pebblebrook’s Gurney’s Newport $174.0 million / 257 Rhode Island tape.