Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 1 of 282 · 2026
Sunstone sold the 821-room Hyatt Regency San Francisco on July 30, 2026 to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million. Sunstone rounds that to approximately $340,000 per key; Harbor PPK is $279 million ÷ 821. Sunstone’s 21.4x Hotel Adjusted EBITDAre / 3.5% TTM NOI cap (trailing twelve months ending May 31, 2026, from the June 23 agreement exhibit) are Sunstone’s narrative, not a second hotel price. Do not apply this as a Fairmont Nob Hill or Fisherman’s Wharf tape. RLJ’s Dallas Love Field + Houston Galleria December 2025 pair stays off this row — that was a combined $49.5 million.
$279.0M
Cited consideration · 821 keys · $340k / key
Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterFilings blotterSunstone blotter
Source
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
https://www.sec.gov/Archives/edgar/data/1295810/000110465926091645/sho-20260806xex99d1.htmDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ 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.
$339,829 / key · 821 keys
$448,361 / key · Harbor defaults
San Francisco · worksheet vs tape PPK
Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)
Morning blotter · 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 Francisco · Upper upscale
821 keys · San Francisco · Hyatt Regency
Embarcadero convention atrium, not a Nob Hill palace and not the $80 million Wharf Centric. Sunstone sold the 821-key house on July 30, 2026 for $279 million gross to funds affiliated with Blackstone (Exhibit 99.1). Sunstone’s ~$340,000/key line is their rounding; Harbor PPK is $279 million ÷ 821.
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.
San Francisco · 500 keys · Upper upscale
Consideration
Not disclosed
Park Hotels & Resorts SEC filings
Park discloses selected sales. Harbor will not guess which 2024 supplement you have open. Use the filing. This node teaches the REIT-tape pattern.
San Francisco · 400 keys · Upper upscale
Consideration
Not disclosed
Host Hotels & Resorts Form 8-K / earnings disclosures (read the filing)
Host regularly discloses individual hotel sales in 8-Ks and supplements. Harbor lists a filing-grade pattern without copying a stale allocated price that may have been revised. Open the filing. Do not treat this row as a named hotel’s number.