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Harborby Signalry

Public tape · 100 of 282 · 2022

Aug 1, 2022

Pebblebrook — illustrative lifestyle acquisition (see supplement)

Pebblebrook often names price and cap rate on individual lifestyle hotels. Harbor points at the filing habit rather than freezing one year’s number as a permanent fact.

Not disclosed

Unknown on purpose — Harbor will not invent a confidential price · 180 keys

Public filingIssuer filing180 keys

Pebblebrook Hotel Trust investor supplement / 8-K

Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Deal FrameLiving packetLabeled estimateCompare this tape2022 cited corpus2022 cited filings

Keys at tape
180
Segment
Independent / boutique
Market
Boston
Hotel
Unlinked house
Buyer
Pebblebrook Hotel Trust
Seller
—

Source

Pebblebrook Hotel Trust investor supplement / 8-K

https://www.sec.gov

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 Not an unpublished book.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
Not disclosed

180 keys

Worksheet
Pick a house

No desk hotel on this tape

Gap
—

Boston · worksheet vs tape PPK

Public filingIssuer filing180 keys

Pebblebrook Hotel Trust investor supplement / 8-K

Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeCustom estimateCompare tapes

Same house or same market · 2

Related public tapes

Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.

Public filingMay 7, 2012

Bulfinch Hotel — Hersha acquisition

Bulfinch Hotel · 80 keys · Independent / boutique

Consideration

$18.2M

$228k / key

Hersha 8-K: $18.2 million for the 80-room Bulfinch Hotel in Boston. Boston independent — not an Envoy PPK and not a suburban Hawthorn PPK.

Hersha Hospitality Trust Form 8-K, May 11, 2012 (May 7, 2012 close)

Hersha acquired the 80-room Bulfinch Hotel in Boston on May 7, 2012 for $18.2 million. Harbor PPK is $18.2 million ÷ 80. The same 8-K names May 7, the 80 rooms, and that hotel price. Use the $18.2 million hotel price, not the revolving-credit draw. The 8-K names Grand Prix Bullfinch LLC as seller — not a Harbor party. Filing names Boston — Harbor will not invent a Back Bay lock. Courtyard Westside stays off until its close paper names month, a hotel price, and keys together. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2016 Envoy Hotel $112.5 million / 136 tape, not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape, not RLJ’s 2021 AC Hotel Boston Downtown $89.0 million / 205 tape, and not Ashford’s 2025 Courtyard Boston Downtown $123.0 million / 315 tape. Older than the 2025–26 blotter cut.

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