Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 17 of 282 · 2025
Ashford sold the 226-room Le Pavillon in New Orleans, Louisiana on December 18, 2025 for $42.5 million in cash. Harbor PPK is $42.5 million ÷ 226. The same December 18, 2025 8-K names December 18, the 226 rooms, and that cash price. Use the $42.5 million hotel price, not the $41.3 million net-of-selling-expenses line. Buyer unnamed as a Harbor party — the 8-K names 833 Poydras St. Prime Property, LLC. Filing names New Orleans — Harbor will not invent a Poydras lock. The November 2025 three-hotel announcement stays combined. Embassy Suites Austin Arboretum stays off until a filing names month, the $13.5 million cash price, and keys together. Not Park’s W New Orleans – French Quarter $24 million / 97 tape and not the St. Charles Hilton $47 million tape.
$42.5M
Cited consideration · 226 keys · $188k / key
Ashford 8-K: $42.5 million in cash for the 226-room Le Pavillon. Historic independent — not a French Quarter W PPK and not a St. Charles Hilton PPK.
Ashford Hospitality Trust Form 8-K, December 18, 2025 (closed December 18)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterFilings blotter
Source
Ashford Hospitality Trust Form 8-K, December 18, 2025 (closed December 18)
https://www.sec.gov/Archives/edgar/data/1232582/000123258225000181/aht-20251218.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.
$188,053 / key · 226 keys
$382,998 / key · Harbor defaults
New Orleans · worksheet vs tape PPK
Ashford 8-K: $42.5 million in cash for the 226-room Le Pavillon. Historic independent — not a French Quarter W PPK and not a St. Charles Hilton PPK.
Ashford Hospitality Trust Form 8-K, December 18, 2025 (closed December 18)
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.
New Orleans · Luxury
226 keys · New Orleans
Historic independent. Ashford sold the 226-key house on December 18, 2025 for $42.5 million in cash (8-K). Buyer unnamed as a Harbor party — the 8-K names 833 Poydras St. Prime Property, LLC. Use that cash hotel price, not the $41.3 million net-of-selling-expenses line. Harbor will not invent a Poydras lock. Not Park’s W New Orleans – French Quarter $24 million / 97 tape and not the St. Charles Hilton $47 million tape.