Harbor by Signalry · Buy / sell deskTape 125 of 282Cited price
Public tape · 125 of 282 · 2021
Dec 1, 2021Historical cited · 2021
Hotel Van Zandt — Host Hotels acquisition
Host acquired the 319-room Hotel Van Zandt for a $246 million purchase price, including $4 million FF&E replacement funds. Harbor PPK is $246 million ÷ 319. Use the $246 million 10-K price, not the $139 million cash and not the $102 million assumed loan — those are funding, not a second hotel price. The 10-K names the year; the cash-flow table groups the Alida buy in December 2021. Harbor uses the first of December rather than inventing a Van Zandt closing day. Seller unnamed. Not Host’s Hyatt Regency Austin $161 million / 448 tape, not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes, and not Apple’s Austin North Garden Inn $10.4 million tape. Host’s $1.6 billion 2021 acquisition line stays off this tape. Older than the 2025–26 blotter cut.
$246.0M
Cited consideration · 319 keys · $771k / key
Host 2021 10-K: $246 million for the 319-room Hotel Van Zandt, including $4 million FF&E. Downtown Austin Kimpton — not a Domain select-service PPK.
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
$246.0M
$771,160 / key · 319 keys
Worksheet
$191.6M
$600,760 / key · Harbor defaults
Gap
-22%
Austin · worksheet vs tape PPK
Host 2021 10-K: $246 million for the 319-room Hotel Van Zandt, including $4 million FF&E. Downtown Austin Kimpton — not a Domain select-service PPK.
Downtown Austin Kimpton. Host bought the 319-key house in 2021 for $246 million, including $4 million FF&E (2021 10-K). Day unnamed in that paper — Harbor uses the first of December, the month Host’s cash-flow table groups with The Alida. Seller unnamed. Use the $246 million price, not the $139 million cash and not the $102 million assumed loan. Not Host’s Hyatt Regency Austin $161 million / 448 tape, not DiamondRock’s Lake Austin Spa Resort $75.8 million net / 40, not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes, and not Apple’s Austin North Garden Inn $10.4 million tape.
Host acquired the 448-room Hyatt Regency Austin on March 15, 2021 for a $161 million purchase price. Harbor PPK is $161 million ÷ 448. The same 10-Q acquisitions note names both the date and the keys with that price. Use the $161 million acquisitions-note price, not the MD&A “approximately $161 million in cash” line as a second hotel price. The MD&A names the interest as fee-simple. Seller unnamed. Not Hotel Van Zandt $246 million, not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes, and not Apple’s Austin North Garden Inn $10.4 million tape. Four Seasons Resort Orlando $610 million is already cited from later Host IR. The Ka’anapali golf-course $28 million line stays off. The $771 million cash used for Austin plus Orlando is funding, not a hotel price. Alila Ventana Big Sur is cited from Host’s Q3 2021 Exhibit 99.1. Baker’s Cay and The Laura stay off until a filing names a close month with the price and keys. Older than the 2025–26 blotter cut.