Harbor by Signalry · Buy / sell deskTape 187 of 282Cited price
Public tape · 187 of 282 · 2018
Dec 18, 2018Historical cited · 2018
Marriott Tysons Corner — Sunstone disposition
Sunstone completed the sale of the 396-room Marriott Tysons Corner for a gross sale price of $87.5 million. The December 18, 2018 8-K and Exhibit 99.1 name the completed sale, the 396 rooms, and that hotel price. Harbor uses December 18 rather than inventing a different closing day. Harbor PPK is $87.5 million ÷ 396. Use the $87.5 million hotel price, not the $85.5 million net after the hotel’s FF&E reserve. Buyer unnamed — Harbor will not invent a desk from trade press. Filing names Tysons Corner — Harbor will not invent a Vienna or McLean lock. Not Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape and not a downtown DC Palomar or Liaison PPK. The Marriott Philadelphia plus Marriott Quincy $139.0 million line stays combined. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.
$87.5M
Cited consideration · 396 keys · $221k / key
Sunstone Exhibit 99.1: $87.5 million gross for the 396-room Marriott Tysons Corner. Tysons Marriott — not a Fairfax Marriott PPK and not a downtown DC convention PPK.
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
$87.5M
$220,960 / key · 396 keys
Worksheet
$101.1M
$255,234 / key · Harbor defaults
Gap
+16%
Northern Virginia · worksheet vs tape PPK
Sunstone Exhibit 99.1: $87.5 million gross for the 396-room Marriott Tysons Corner. Tysons Marriott — not a Fairfax Marriott PPK and not a downtown DC convention PPK.
Tysons Corner Marriott. Sunstone sold the 396-key house in December 2018 for an $87.5 million gross sale price (Exhibit 99.1). Buyer unnamed. Harbor uses December 18 rather than inventing a different closing day. Use that hotel price, not the $85.5 million net after the hotel’s FF&E reserve. Filing names Tysons Corner — Harbor will not invent a Vienna or McLean lock. Not Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape and not a downtown DC Palomar or Liaison PPK.
Apple sold the 316-room Marriott Fairfax on October 5, 2017 for a gross sales price of approximately $41.5 million. Harbor PPK is $41.5 million ÷ 316. The same 10-K names October 5, the 316 rooms, and that price. Use the $41.5 million sale price, not a net line. Buyer unnamed. Not the 2016 Chesapeake Marriott $9.9 million tape, not Apple’s 2024 AC Hotel Washington DC Convention Center $116.804 million tape, not DiamondRock’s Westin Washington D.C. City Center, and not Xenia’s Lorien Alexandria $30.0 million tape. The $161.770 million 2017 buy line stays off this sale tape. The Birmingham adjoining dual-brand 2017 line stays combined. Older than the 2025–26 blotter cut.