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Public tape · 133 of 282 · 2021

Oct 15, 2021Historical cited · 2021

Renaissance Westchester — Sunstone disposition

Sunstone sold the 348-room Renaissance Westchester on October 15, 2021 for a contractual sale price of $18.8 million. Harbor PPK is $18.8 million ÷ 348. The same Q3 2021 Exhibit 99.1 names October 15, the 348 rooms, and that contractual price. Use the $18.8 million hotel price, not cash proceeds and not the 2020 impairment. Buyer unnamed. Exhibit names Renaissance Westchester — Harbor will not invent a White Plains or Harrison lock. Later $71 million redevelopment sale stays off this hotel tape. Not a Manhattan PPK and not Embassy Suites La Jolla $226.7 million / 340. 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.

$18.8M

Cited consideration · 348 keys · $54k / key

Sunstone Q3 2021 Exhibit 99.1: $18.8 million contractual for the 348-room Renaissance Westchester. Suburban Westchester Renaissance — not a Manhattan PPK.

Public filingHistorical cited · 2021Sunstone sold · 2021348 keys

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Deal FrameLiving packetLabeled estimateCompare this tape2021 cited corpus2021 cited filingsSunstone · 2021 filings

Corpus
Historical cited · 2021
Keys at tape
348
Segment
Upper upscale
Market
Westchester County
Hotel
Renaissance Westchester
Buyer
—
Seller
Sunstone Hotel Investors

Source

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

https://www.sec.gov/Archives/edgar/data/1295810/000155837021014651/sho-20211104xex99d1.htm

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
$18.8M

$54,023 / key · 348 keys

Worksheet
$51.1M

$146,834 / key · Harbor defaults

Gap
+172%

Westchester County · worksheet vs tape PPK

Sunstone Q3 2021 Exhibit 99.1: $18.8 million contractual for the 348-room Renaissance Westchester. Suburban Westchester Renaissance — not a Manhattan PPK.

Public filingHistorical cited · 2021Sunstone sold · 2021348 keys

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes

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.

Westchester County · Upper upscale

Renaissance Westchester

348 keys · Westchester · Renaissance

Suburban Westchester Renaissance. Sunstone sold the 348-key house on October 15, 2021 for an $18.8 million contractual sale price (Q3 2021 Exhibit 99.1). Buyer unnamed. Use that contractual hotel price, not cash proceeds and not the 2020 impairment. Exhibit names Renaissance Westchester — Harbor will not invent a White Plains or Harrison lock. Later $71 million redevelopment sale stays off this hotel tape. Not a Manhattan PPK and not Embassy Suites La Jolla $226.7 million / 340.

EstimateDesk estimatePropertyTape folioMarket folio