Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 88 of 282 · 2023
Park closed the 508-room Hilton Miami Airport for $118.25 million, or $233,000 per key as Park rounded it. Harbor PPK is $118.25 million ÷ 508. Later Park earnings date the effective sale to January 2023; the IR close date is February 2. MCR announced the buy. Airport box — not a South Beach lifestyle tape.
$118.3M
Cited consideration · 508 keys · $233k / key
Park IR: $118.25 million for the 508-room Hilton Miami Airport. Airport / Blue Lagoon — not a South Beach PPK.
Park Hotels & Resorts IR / GlobeNewswire, February 2, 2023
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2023 cited corpusPark · 2023 filings
Source
Park Hotels & Resorts IR / GlobeNewswire, February 2, 2023
https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2023/02-02-2023-222839843Desks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ tape
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.
$232,776 / key · 508 keys
$300,343 / key · Harbor defaults
Miami / South Beach · worksheet vs tape PPK
Park IR: $118.25 million for the 508-room Hilton Miami Airport. Airport / Blue Lagoon — not a South Beach PPK.
Park Hotels & Resorts IR / GlobeNewswire, February 2, 2023
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
The house
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Miami / South Beach · Upper upscale
508 keys · Miami · Hilton
Airport / Blue Lagoon box, not a South Beach lifestyle tape. Park sold the 508-key house on February 2, 2023 for $118.25 million (Park IR). MCR announced the buy.
Same house or same market · 2
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Hotel Colonnade Coral Gables, Autograph Collection · 157 keys · Upper upscale
Consideration
$63.0M
$401k / key
Pebblebrook 8-K: $63.0 million for the 157-room Hotel Colonnade Coral Gables, Autograph Collection. Coral Gables Autograph — not a South Beach PPK.
Pebblebrook Hotel Trust Form 8-K, March 28, 2023 (press dated March 29)
Pebblebrook closed the 157-room Hotel Colonnade Coral Gables, Autograph Collection on March 28, 2023 for $63.0 million to a third party. Harbor PPK is $63.0 million ÷ 157. Pebblebrook’s 15.4x / 5.5% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not Host’s 2022 YVE $50 million downtown tape and not a South Beach luxury PPK. The Westin Michigan Avenue retail parcel stays off this tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateMiami / South BeachCompare
The Confidante Miami Beach · 339 keys · Upper upscale
Consideration
$232.0M
$684k / key
Sunstone Q2 2022 10-Q: $232.0 million contractual for the fee-simple 339-room The Confidante Miami Beach. Miami Beach Confidante — not a downtown Biscayne PPK.
Sunstone Hotel Investors Form 10-Q, quarter ended June 30, 2022 (closed June)
Sunstone purchased the fee-simple interest in the 339-room The Confidante Miami Beach, Florida in June 2022 for a contractual purchase price of $232.0 million. Harbor uses the first of June rather than inventing a closing day. Harbor PPK is $232.0 million ÷ 339. The same Q2 2022 10-Q names June, the 339 rooms, and that contractual price. Use the $232.0 million hotel price, not the $60 million renovation, not the $140.0 million credit-facility draw, and not the $0.5 million in-place allocation. Seller unnamed. Later Andaz Miami Beach is a rebrand, not a second tape. Not Host’s 2022 YVE $50 million / 242 downtown tape, not Pebblebrook’s 2023 Colonnade Coral Gables $63 million / 157 tape, and not Pebblebrook’s 2021 Margaritaville Hollywood Beach $270 million / 369 tape — that PPK is not a fee deed. The Hilton San Diego Bayfront 25% interest stays off. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateMiami / South BeachCompare