Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 60 of 282 · 2024
Sunstone completed the acquisition of the 630-room Hyatt Regency San Antonio Riverwalk in April 2024 for a contractual purchase price of $230.0 million. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $230.0 million ÷ 630. The same Q1 2024 Exhibit 99.1 names April, the 630 rooms, and that contractual price. Use the $230.0 million hotel price, not closing costs and not the $8.0 million Hyatt key-money line — Harbor will not substitute the $352,000/key net. Seller unnamed. Filing names San Antonio — Harbor will not invent an Alamo lock. Not Hotel Emma. The Boston Park Plaza sale is funding, not a second hotel price. Older than the 2025–26 blotter cut.
$230.0M
Cited consideration · 630 keys · $365k / key
Sunstone Q1 2024 Exhibit 99.1: $230.0 million contractual for the 630-room Hyatt Regency San Antonio Riverwalk. San Antonio convention Hyatt — not a Pearl independent PPK.
Sunstone Hotel Investors Exhibit 99.1, first quarter 2024 (closed April)
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 filingsSunstone · 2024 filings
Source
Sunstone Hotel Investors Exhibit 99.1, first quarter 2024 (closed April)
https://www.sec.gov/Archives/edgar/data/1295810/000155837024006696/sho-20240503xex99d1.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.
$365,079 / key · 630 keys
$314,060 / key · Harbor defaults
San Antonio · worksheet vs tape PPK
Sunstone Q1 2024 Exhibit 99.1: $230.0 million contractual for the 630-room Hyatt Regency San Antonio Riverwalk. San Antonio convention Hyatt — not a Pearl independent PPK.
Sunstone Hotel Investors Exhibit 99.1, first quarter 2024 (closed April)
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.
San Antonio · Upper upscale
630 keys · San Antonio · Hyatt Regency
Riverwalk convention Hyatt. Sunstone bought the fee-simple 630-key house in April 2024 for a $230.0 million contractual purchase price (Q1 2024 Exhibit 99.1). Seller unnamed. Harbor uses the first of April rather than inventing a closing day. Use that contractual hotel price, not closing costs and not the $8.0 million Hyatt key-money line. Harbor will not invent an Alamo lock. Not Hotel Emma.