Harbor by Signalry · Buy / sell deskTape 145 of 282Cited price
Public tape · 145 of 282 · 2021
Jul 1, 2021Historical cited · 2021
Henderson Park Inn — DiamondRock acquisition
DiamondRock acquired the 37-room Henderson Park Inn in Destin, Florida in July 2021 for $27.5 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $27.5 million ÷ 37. The same Q4 2021 Exhibit 99.1 names July, the 37 rooms, and that price. Use the $27.5 million named price, not the $26.4 million net-including-prorations-and-costs line. Seller unnamed. Not Henderson Beach Resort $112.5 million / 170 and not Chatham’s Hilton Garden Inn Destin Miramar Beach $31.0 million / 111. Bourbon Orleans stays off ($81 / $89.9 / $90.1 and 220 / 218 conflict). The $108.6 million Bourbon-plus-Park Inn line stays off this tape. Older than the 2025–26 blotter cut.
$27.5M
Cited consideration · 37 keys · $743k / key
DiamondRock Q4 2021 Exhibit 99.1: $27.5 million for the 37-room Henderson Park Inn. Destin beach inn — not a Garden Inn 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
$27.5M
$743,243 / key · 37 keys
Worksheet
$38.8M
$1,049,758 / key · Harbor defaults
Gap
+41%
Destin / Miramar Beach · worksheet vs tape PPK
DiamondRock Q4 2021 Exhibit 99.1: $27.5 million for the 37-room Henderson Park Inn. Destin beach inn — not a Garden Inn PPK.
Destin beachfront Henderson Park Inn. DiamondRock bought the 37-key house in July 2021 for $27.5 million (Q4 2021 Exhibit 99.1). Seller unnamed. Harbor uses the first of July rather than inventing a closing day. Use the $27.5 million named price, not the $26.4 million net-including-prorations-and-costs line. Not Henderson Beach Resort $112.5 million / 170 and not Chatham’s Hilton Garden Inn Destin Miramar Beach $31.0 million / 111. Bourbon Orleans stays off ($81 / $89.9 / $90.1 and 220 / 218 conflict). The $108.6 million Bourbon-plus-Park Inn line stays off this tape.
DiamondRock completed the acquisition of the 170-room Henderson Beach Resort, located in Destin, Florida, on December 23, 2021 for $112.5 million. Harbor PPK is $112.5 million ÷ 170. The same January 10, 2022 8-K Item 8.01 names December 23, the 170 rooms, and that price. Use the 170 owned rooms, not 216-room tables that fold in 46 third-party rental residences. Use the $112.5 million hotel price, not the $110.1 million net-including-prorations-and-costs line. Seller unnamed. Not Chatham’s Hilton Garden Inn Destin Miramar Beach $31.0 million / 111 tape and not Henderson Park Inn $27.5 million / 37. Tranquility Bay stays off (103 units vs 231 bedrooms). The $175.5 million two-Florida line stays combined. Older than the 2025–26 blotter cut.