April/May 2024 close. Two-hotel downtown complex, 721 keys combined. Do not use the blended $735k/key as a single-house 1 Hotel or Embassy Suites comp. See Host’s May 1, 2024 IR.
$530.0M
Cited consideration · 721 keys · $735k / key
Host 2024 10-K: $530 million for the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown. Portfolio tape. Harbor does not split the two houses.
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
$530.0M
$735,090 / key · 721 keys
Worksheet
Pick a house
No desk hotel on this tape
Gap
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Nashville · worksheet vs tape PPK
Host 2024 10-K: $530 million for the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown. Portfolio tape. Harbor does not split the two houses.
Xenia acquired the 346-key W Nashville on March 29, 2022 for a $328.7 million purchase price. Harbor PPK is $328.7 million ÷ 346. Xenia rounded the same math to about $950,000 per key. Rooms sit with that named price in the same 8-K exhibit. Use the $328.7 million exhibit price, not the 8-K body’s “approximately $328.7 million (subject to customary adjustments)” line as a second hotel price. Seller unnamed as a Harbor party — the 8-K names Nashville Gulch, LLC; Harbor will not invent a desk beyond that paper. Not Motto Nashville $98.2 million, not 21c Hotel Nashville $59.0 million, and not Union Station $56.0 million. Older than the 2025–26 blotter cut.