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Harborby Signalry

Public tape · 196 of 282 · 2018

Combined / portfolioMar 29, 2018Historical cited · 2018

Hyatt Regency Coconut Point — Hyatt-attributed slice of the 2018 Host PSA

Hyatt said the sale of Hyatt Regency Coconut Point reflected an attributed value of approximately $200 million (≈12x 2018 pro-forma EBITDA). That is Hyatt’s attribution inside a portfolio PSA, not an allocated purchase price Harbor will treat as a rooms-only tape. Southwest Florida group resort — not a South Beach lifestyle PPK. See the $1.0 billion combined tape.

$200.0M

Cited consideration · 454 keys · $441k / key

Hyatt-attributed value of approximately $200 million inside the $1.0 billion three-hotel PSA. Not a separately priced rooms-only deed.

Hyatt Form 8-K exhibit 99.1 / February 2018 sale announcement (attributed values)

Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Deal FrameLiving packetLabeled estimateCompare this tape2018 cited corpusHost · 2018 filings

Keys at tape
454
Segment
Upper upscale
Buyer
Host Hotels & Resorts
Seller
Hyatt Hotels Corporation

Source

Hyatt Form 8-K exhibit 99.1 / February 2018 sale announcement (attributed values)

https://www.sec.gov/Archives/edgar/data/1468174/000119312518105011/d544321dex991.htm

Desks on the graph

Attached when a press release or public pattern names the firm. Not an unpublished book.

Estimate ↔ tape

The worksheet next to the filing

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
$200.0M

$440,529 / key · 454 keys

Worksheet
$187.5M

$413,047 / key · Harbor defaults

Gap
-6%

Southwest Florida · worksheet vs tape PPK

Hyatt-attributed value of approximately $200 million inside the $1.0 billion three-hotel PSA. Not a separately priced rooms-only deed.

Hyatt Form 8-K exhibit 99.1 / February 2018 sale announcement (attributed values)

Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes

The house

Run the labeled estimate

Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.