Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 96 of 282 · 2022
Pebblebrook closed the 117-room Hotel Vintage Portland on September 14, 2022 for $32.9 million to a third party. Harbor PPK is $32.9 million ÷ 117. Pebblebrook’s 11.7x / 7.1% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — Harbor will not invent a desk from trade press. Not The Heathman Hotel $45.0 million (2023) and not Hotel Vintage Seattle $33.7 million (2023). Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. Older than the 2025–26 blotter cut.
$32.9M
Cited consideration · 117 keys · $281k / key
Pebblebrook 8-K: $32.9 million for the 117-room Hotel Vintage Portland. Downtown boutique — not a Heathman PPK and not a Vintage Seattle PPK.
Pebblebrook Hotel Trust Form 8-K, September 14, 2022 (press dated September 15)
Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2022 cited corpus2022 cited filings
Source
Pebblebrook Hotel Trust Form 8-K, September 14, 2022 (press dated September 15)
https://www.sec.gov/Archives/edgar/data/1474098/000147409822000120/peb-20220914.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.
$281,197 / key · 117 keys
$275,752 / key · Harbor defaults
Portland · worksheet vs tape PPK
Pebblebrook 8-K: $32.9 million for the 117-room Hotel Vintage Portland. Downtown boutique — not a Heathman PPK and not a Vintage Seattle PPK.
Pebblebrook Hotel Trust Form 8-K, September 14, 2022 (press dated September 15)
Historical cited · 2022 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.
Portland · Upscale
117 keys · Portland · Hotel Vintage
Downtown Portland, Oregon boutique. Pebblebrook closed the 117-key house on September 14, 2022 for $32.9 million (8-K). Buyer unnamed. Not The Heathman Hotel $45.0 million (2023), not Hotel Vintage Seattle $33.7 million (2023), not Apple’s 2021 Pearl District Hampton $75.0 million tape, and not Apple’s 2021 Portland, Maine AC or Aloft tapes.