Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 225 of 282 · 2016
Sunstone sold the leasehold interest in the 203-room Sheraton Cerritos on May 11, 2016 for a contractual price of $42.0 million. Harbor PPK is $42.0 million ÷ 203 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same release names the completed sale, the 203 rooms, and that hotel price. Use the $42.0 million hotel price, not the later $41.2 million net-proceeds line. Buyer unnamed. Filing names Cerritos — Harbor will not invent a Long Beach or Anaheim lock. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape and not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape. Hilton New Orleans Airport plus Embassy Suites Parsippany stay combined. Adagio and Le Meridien San Francisco stay off. Older than the 2025–26 blotter cut.
$42.0M
Cited consideration · 203 keys · $207k / key
Sunstone IR: $42.0 million contractual for the leasehold interest in the 203-room Sheraton Cerritos. Leasehold — not a fee coastal PPK.
Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2016 cited corpusSunstone · 2016 filings
Source
Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)
https://www.prnewswire.com/news-releases/sunstone-hotel-investors-sells-the-leasehold-interest-in-the-203-room-sheraton-cerritos-for-420-million-300266620.htmlEstimate ↔ tape
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.
$206,897 / key · 203 keys
$221,391 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Sunstone IR: $42.0 million contractual for the leasehold interest in the 203-room Sheraton Cerritos. Leasehold — not a fee coastal PPK.
Sunstone Hotel Investors IR / PR Newswire, May 11, 2016 (sold; day from the release)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
The house
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Los Angeles · Upper upscale
203 keys · Cerritos · Sheraton
Cerritos Sheraton leasehold. Sunstone sold the leasehold interest in the 203-key house on May 11, 2016 for a $42.0 million contractual price (PR Newswire). Buyer unnamed. Use that hotel price, not the later $41.2 million net-proceeds line. Filing names Cerritos — Harbor will not invent a Long Beach or Anaheim lock.
Same house or same market · 2
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Hilton Checkers Los Angeles · 193 keys · Upper upscale
Consideration
$13.0M
$67k / key
Park 10-Q: approximately $13 million gross for Hilton Checkers Los Angeles. Keys (193) from Park’s same-quarter Exhibit 99.1. Downtown box — not a West Hollywood hillside PPK.
Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2026 (January close; day unnamed)
Park sold the Hilton Checkers Los Angeles in January 2026 for gross proceeds of approximately $13 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $13 million ÷ 193 from Park’s same-quarter earnings exhibit. Buyer unnamed. Not a West Hollywood tape. Park’s later “approximately $31 million” Checkers + Seattle line stays combined — Harbor will not subtract the Seattle $18 million IR figure to invent a second Checkers price. MarketScreener’s $12.5 million is not a Park filing.
W Hollywood · 305 keys · Upper upscale
Consideration
$219.0M
$718k / key
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2017
On March 7, 2017 Host acquired the 305-room W Hollywood for $219 million. Same 10-K as the Don CeSar. Lifestyle flag on Hollywood Boulevard — not an economy PPK.