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Harborby Signalry

Public tape · 99 of 282 · 2022

Aug 2, 2022Historical cited · 2022

Sofitel Philadelphia at Rittenhouse Square — Pebblebrook disposition

Pebblebrook closed the 306-room Sofitel Philadelphia at Rittenhouse Square on August 2, 2022 for $80.0 million to a third party. Harbor PPK is $80.0 million ÷ 306. Pebblebrook’s 10.0x / 8.6% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. The $260.9 million 2022 year total stays combined. Older than the 2025–26 blotter cut.

$80.0M

Cited consideration · 306 keys · $261k / key

Pebblebrook 8-K: $80.0 million for the 306-room Sofitel Philadelphia at Rittenhouse Square. Center City luxury — not a slice of the Q3 2022 proceeds line.

Public filingHistorical cited · 2022Issuer filing306 keys

Pebblebrook Hotel Trust Form 8-K, August 2, 2022 (press dated August 3)

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
306
Segment
Luxury
Buyer
—
Seller
Pebblebrook Hotel Trust

Source

Pebblebrook Hotel Trust Form 8-K, August 2, 2022 (press dated August 3)

https://www.sec.gov/Archives/edgar/data/1474098/000147409822000109/peb-20220802.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
$80.0M

$261,438 / key · 306 keys

Worksheet
$100.9M

$329,788 / key · Harbor defaults

Gap
+26%

Philadelphia · worksheet vs tape PPK

Pebblebrook 8-K: $80.0 million for the 306-room Sofitel Philadelphia at Rittenhouse Square. Center City luxury — not a slice of the Q3 2022 proceeds line.

Public filingHistorical cited · 2022Issuer filing306 keys

Pebblebrook Hotel Trust Form 8-K, August 2, 2022 (press dated August 3)

Historical cited · 2022 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.