New York · Luxury
The Plaza Hotel
282 keys · New York · Fairmont (Plaza)
Condo-hotel. Key count fell after the 2004–2008 conversion. The 2004 sale used a larger room inventory.
Public tape · 281 of 282 · 2004
Aug 1, 2004Historical cited · 2004
The Plaza Hotel — sale to El-Ad
El-Ad acquired The Plaza for $675 million. Subsequent condo conversion cut hotel keys. Use 808 rooms for this tape, not today’s hotel count. Historic file — do not apply 2004 PPK to a 2026 underwriting without a time adjustment.
$675.0M
Cited consideration · 808 keys · $835k / key
News or press — not a filing. Harbor will not invent a confidential consideration.
Deal FrameLiving packetLabeled estimateCompare this tape2004 cited corpus
- Corpus
- Historical cited · 2004
- Keys at tape
- 808
- Segment
- Luxury
- Market
- New York
- Hotel
- The Plaza Hotel
- Buyer
- El-Ad Properties
- Seller
- —
Source
The New York Times, Aug 2004
https://www.nytimes.com/2004/08/14/nyregion/plaza-hotel-is-sold-to-israeli-company-for-675-million.htmlEstimate ↔ 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
- $675.0M
- Worksheet
- $539.9M
- Gap
- +129%
$835,396 / key · 808 keys
$1,914,671 / key · Harbor defaults
New York · worksheet vs tape PPK
News or press — not a filing. Harbor will not invent a confidential consideration.
The house
Run the labeled estimate
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Same house or same market · 6
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.
1 Hotel Central Park — Host Hotels acquisition
1 Hotel Central Park · 234 keys · Luxury
Consideration
$265.0M
$1.1M / key
Host 2024 10-K: $265 million for the 234-room 1 Hotel Central Park. Cash. Not a later recap.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024
On July 31, 2024 Host acquired the fee-simple 234-room 1 Hotel Central Park for $265 million. Filing-grade. Lifestyle luxury on Central Park South — not a limited-service Midtown PPK. Desk hotel inventory is 230 keys; this tape uses Host’s 234.
Consideration not disclosedFeb 1, 2020
1 Hotel Central Park — ownership commentary
1 Hotel Central Park · 230 keys · Luxury
Consideration
Not disclosed
Pre-2024 commentary only. Host’s July 31, 2024 10-K tape is the filing-grade price — see 1-hotel-central-park-2024. This node stays blank on purpose.
Consideration not disclosedMar 1, 2019
The Times Square EDITION — opening
The Times Square EDITION · 452 keys · Luxury
Consideration
Not disclosed
Marriott / EDITION public opening materials
Opening is public. Real-estate owner and brand are different files. No rooms-only sale price here.
Consideration not disclosedJan 1, 2019
The St. Regis New York — brand vs building
The St. Regis New York · 238 keys · Luxury
Consideration
Not disclosed
Marriott public brand page / trade coverage of building ownership
St. Regis is a Marriott brand. The land and building have been separately owned. Harbor will not invent a building sale price from brand news.
News / press releaseOct 6, 2014
Waldorf Astoria New York — Hilton to Anbang
Waldorf Astoria New York · 1413 keys · Luxury
Consideration
$1.95B
$1.4M / key
The New York Times / Hilton announcement, Oct 2014
Hilton sold the 1,413-key Waldorf Astoria New York to Anbang Insurance Group for $1.95 billion. Later conversion reduced hotel keys. PPK uses the 2014 room count. This is a trophy going-concern sale, not a rooms-only select-service comp.
Consideration not disclosedJan 1, 2005
The Pierre — IHCL / Taj long-term hold
The Pierre · 189 keys · Luxury
Consideration
Not disclosed
Taj / IHCL has long been associated with The Pierre. Harbor does not publish a disputed historic number as a current fact.