Harbor by Signalry · Buy / sell deskTape 228 of 282Cited price
Public tape · 228 of 282 · 2016
Jan 1, 2016Historical cited · 2016
Sanctuary Beach Resort — Hersha acquisition
Hersha acquired the 60-room Sanctuary Beach Resort in Monterey, CA in late January 2016 for $39.5 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $39.5 million ÷ 60. The same subsequent-events paragraph names late January, the 60 rooms, and that hotel price. Use the $39.5 million hotel price, not the $14.7 million assumed loan. Seller unnamed. Filing names Monterey — Harbor will not invent a Carmel lock. Hotel Oceana stays off until a filing names keys with a hotel price. Hilton Garden Inn M Street stays off — that line is a contract. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Host’s 2021 Alila Ventana Big Sur $150 million / 59 tape. Harbor will not invent a Post Ranch price. Older than the 2025–26 blotter cut.
$39.5M
Cited consideration · 60 keys · $658k / key
Hersha Exhibit 99.1 subsequent events: $39.5 million for the 60-room Sanctuary Beach Resort in Monterey, CA. Monterey Bay inn — not a Big Sur Alila 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
$39.5M
$658,333 / key · 60 keys
Worksheet
$36.4M
$606,459 / key · Harbor defaults
Gap
-8%
Big Sur / Monterey · worksheet vs tape PPK
Hersha Exhibit 99.1 subsequent events: $39.5 million for the 60-room Sanctuary Beach Resort in Monterey, CA. Monterey Bay inn — not a Big Sur Alila PPK.
Monterey Bay beach inn. Hersha bought the 60-key house in late January 2016 for $39.5 million (Q4 2015 Exhibit 99.1 subsequent events). Harbor uses the first of January rather than inventing a closing day. Seller unnamed. Filing names Monterey — Harbor will not invent a Carmel lock. Use the $39.5 million hotel price, not the $14.7 million assumed loan. Not Host’s 2021 Alila Ventana Big Sur $150 million / 59 tape. Harbor will not invent a Post Ranch price.