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Harborby Signalry

Public tape · 12 of 282 · 2026

Jan 1, 2026Morning blotter · 2025–26

Hilton Checkers Los Angeles — Park disposition

Park sold the Hilton Checkers Los Angeles in January 2026 for gross proceeds of approximately $13 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $13 million ÷ 193 from Park’s same-quarter earnings exhibit. Buyer unnamed. Not a West Hollywood tape. Park’s later “approximately $31 million” Checkers + Seattle line stays combined — Harbor will not subtract the Seattle $18 million IR figure to invent a second Checkers price. MarketScreener’s $12.5 million is not a Park filing.

$13.0M

Cited consideration · 193 keys · $67k / key

Park 10-Q: approximately $13 million gross for Hilton Checkers Los Angeles. Keys (193) from Park’s same-quarter Exhibit 99.1. Downtown box — not a West Hollywood hillside PPK.

Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2026 (January close; day unnamed)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

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Keys at tape
193
Segment
Upper upscale
Buyer
—
Seller
Park Hotels & Resorts

Source

Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2026 (January close; day unnamed)

https://www.sec.gov/Archives/edgar/data/1617406/000161740626000035/pk-20260331.htm

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
$13.0M

$67,358 / key · 193 keys

Worksheet
$52.8M

$273,454 / key · Harbor defaults

Gap
+306%

Los Angeles · worksheet vs tape PPK

Park 10-Q: approximately $13 million gross for Hilton Checkers Los Angeles. Keys (193) from Park’s same-quarter Exhibit 99.1. Downtown box — not a West Hollywood hillside PPK.

Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2026 (January close; day unnamed)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

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.

Los Angeles · Upper upscale

Hilton Checkers Los Angeles

193 keys · Los Angeles · Hilton Hotels & Resorts

Downtown Los Angeles Hilton. Park sold the 193-key house in January 2026 for approximately $13 million (Q1 2026 10-Q; keys from the same-quarter Exhibit 99.1). Day-of-month unnamed — Harbor uses the first of January. Buyer unnamed. Not a West Hollywood hillside PPK and not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape. Do not subtract this from Park’s later $31 million Checkers + Seattle pair.

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.

News / press releaseSunstone soldMay 11, 2016

Sheraton Cerritos — Sunstone leasehold disposition

Sheraton Cerritos · 203 keys · Upper upscale

Consideration

$42.0M

$207k / key

Sunstone IR: $42.0 million contractual for the leasehold interest in the 203-room Sheraton Cerritos. Leasehold — not a fee coastal PPK.

Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)

Sunstone sold the leasehold interest in the 203-room Sheraton Cerritos on May 11, 2016 for a contractual price of $42.0 million. Harbor PPK is $42.0 million ÷ 203 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same release names the completed sale, the 203 rooms, and that hotel price. Use the $42.0 million hotel price, not the later $41.2 million net-proceeds line. Buyer unnamed. Filing names Cerritos — Harbor will not invent a Long Beach or Anaheim lock. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape and not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape. Hilton New Orleans Airport plus Embassy Suites Parsippany stay combined. Adagio and Le Meridien San Francisco stay off. Older than the 2025–26 blotter cut.

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