Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 51 of 282 · 2024
RLJ acquired the 110-room Hotel Teatro in Denver on June 13, 2024 for a purchase price of $35.5 million. Harbor PPK is $35.5 million ÷ 110. Use the $35.5 million purchase price, not the $36.116 million recorded cost after capitalized transaction costs. Seller unnamed. The $125.0 million Wyndham Boston Beacon Hill line is a land purchase, not a hotel tape. RLJ’s $20.8 million 2024 sold-pair proceeds line stays combined. Not Xenia’s 2022 Kimpton Hotel Monaco Denver $69.8 million tape. Older than the 2025–26 blotter cut.
$35.5M
Cited consideration · 110 keys · $323k / key
RLJ Q2 2024 10-Q: $35.5 million for the 110-room Hotel Teatro, Denver. Downtown historic boutique — not a Monaco Denver PPK and not the Beacon Hill land line.
RLJ Lodging Trust Form 10-Q, quarter ended June 30, 2024 (closed June 13)
Historical cited · 2024 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpus2024 cited filings
Source
RLJ Lodging Trust Form 10-Q, quarter ended June 30, 2024 (closed June 13)
https://www.sec.gov/Archives/edgar/data/1511337/000151133724000025/rlj-20240630.htmEstimate ↔ 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.
$322,727 / key · 110 keys
$319,720 / key · Harbor defaults
Denver · worksheet vs tape PPK
RLJ Q2 2024 10-Q: $35.5 million for the 110-room Hotel Teatro, Denver. Downtown historic boutique — not a Monaco Denver PPK and not the Beacon Hill land line.
RLJ Lodging Trust Form 10-Q, quarter ended June 30, 2024 (closed June 13)
Historical cited · 2024 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.
Denver · Upper upscale
110 keys · Denver · Hotel Teatro
Downtown Denver historic boutique. RLJ bought the 110-key house on June 13, 2024 for $35.5 million (Q2 2024 10-Q). Seller unnamed. Use the $35.5 million purchase price, not the $36.116 million cost with capitalized transaction costs. Not Xenia’s 2022 Kimpton Hotel Monaco Denver $69.8 million tape and not the $125 million Beacon Hill land line.
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.
Kimpton Hotel Monaco Denver · 189 keys · Upper upscale
Consideration
$69.8M
$369k / key
Xenia FY2022 10-K: approximately $69.8 million for the 189-room Kimpton Hotel Monaco Denver. December 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a Monaco Chicago PPK.
Xenia Hotels & Resorts Form 10-K for the year ended December 31, 2022 (December close; day unnamed)
Xenia sold the 189-room Kimpton Hotel Monaco Denver in December 2022 for approximately $69.8 million. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $69.8 million ÷ 189. Use approximately $69.8 million, not the $68.1 million net. Buyer unnamed. Not Hotel Monaco Seattle $63.25 million and not Kimpton Hotel Monaco Chicago $36.0 million. Older than the 2025–26 blotter cut.
The Brown Palace Hotel and Spa · 241 keys · Upper upscale
Consideration
Not disclosed
Property public site / Denver business press
Atrium palace. Regional ownership has rotated. No filing-grade price in this corpus.