Pebblebrook completed the acquisition of the 257-room Gurney’s Newport Resort & Marina in Newport, Rhode Island on June 23, 2022 for $174.0 million from an unaffiliated third party. Harbor PPK is $174.0 million ÷ 257. The same June 23, 2022 8-K names June 23, the 257 rooms, and that price. Use the $174.0 million hotel price, not the revolving credit-facility draw. Seller unnamed. Filing names Newport, Rhode Island — Harbor will not invent a Goat Island lock. Later Newport Harbor Island Resort is a rebrand, not a second tape. Not The Chanler and not a Watch Hill palace PPK. Inn on Fifth stays off (hotel plus adjacent development parcel). Older than the 2025–26 blotter cut.
$174.0M
Cited consideration · 257 keys · $677k / key
Pebblebrook 8-K: $174.0 million for the 257-room Gurney’s Newport Resort & Marina. Newport resort — not a Watch Hill palace 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
$174.0M
$677,043 / key · 257 keys
Worksheet
$215.5M
$838,564 / key · Harbor defaults
Gap
+24%
Newport · worksheet vs tape PPK
Pebblebrook 8-K: $174.0 million for the 257-room Gurney’s Newport Resort & Marina. Newport resort — not a Watch Hill palace PPK.
Newport resort. Pebblebrook bought the 257-key house on June 23, 2022 for $174.0 million (8-K). Seller unnamed. Use that hotel price, not the credit-facility draw. Later Newport Harbor Island Resort is a rebrand, not a second tape. Harbor will not invent a Goat Island lock. Not The Chanler and not a Watch Hill palace PPK. Inn on Fifth stays off (hotel plus adjacent development parcel).