Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 3 of 282 · 2026
Park sold the 314-room Hilton Short Hills in July 2026 for gross proceeds of $12 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $12 million ÷ 314. Park’s “approximately $27 million” anticipated capex is Park’s narrative, not a second hotel price. Suburban New Jersey — not a Manhattan gateway tape. Buyer unnamed. Embassy Suites Alexandria (JV interest) and the Austin ground-lease reversion stay off this tape.
$12.0M
Cited consideration · 314 keys · $38k / key
Park IR: $12 million gross for the 314-room Hilton Short Hills. Anticipated capex of about $27 million is Park’s narrative. Not a Midtown fee PPK.
Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterPark blotter
Source
Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)
https://www.pkhotelsandresorts.com/investors/news-and-events/press-releases/2026/08-06-2026-211554607Desks 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 Not an unpublished book.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.
$38,217 / key · 314 keys
$187,321 / key · Harbor defaults
Northern New Jersey · worksheet vs tape PPK
Park IR: $12 million gross for the 314-room Hilton Short Hills. Anticipated capex of about $27 million is Park’s narrative. Not a Midtown fee PPK.
Park Hotels & Resorts IR, Q2 2026 (July 2026 close; day-of-month not named)
Morning blotter · 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.
Northern New Jersey · Upper upscale
314 keys · Short Hills · Hilton
Suburban New Jersey full-service. Park sold the 314-key house in July 2026 for $12 million gross (Park IR). Anticipated capex of about $27 million is Park’s narrative — not a second hotel price and not a Midtown fee PPK.
Same house or same market · 1
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Sheraton Parsippany · 370 keys · Upper upscale
Consideration
$15.0M
$41k / key
Host FY2025 results: $15 million under contract, expected H1 2026. Includes $3 million of FF&E reserves Host retains. Not a closed deed. Harbor will not treat this as a sold tape until Host says it closed.
Host Hotels & Resorts FY2025 results (under contract; expected H1 2026)
A $15 million corporate-park Sheraton is not a New York gateway tape. Host’s property page lists 370 rooms. The $3 million FF&E retain is inside Host’s $15 million sentence — read it before you apply PPK. Under contract is not closed.
Open the tape →FramePacketEstimateNorthern New JerseyCompare