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Harborby Signalry

Public tape · 126 of 282 · 2021

Dec 1, 2021Historical cited · 2021

The Alida, Savannah — Host Hotels acquisition

Host acquired the 173-room Alida, Savannah, a Tribute Hotel, in December 2021 for a $103 million purchase price. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $103 million ÷ 173. Rooms sit with that named price in the same 10-K Asset Acquisitions note. Seller unnamed. Not Xenia’s Marriott Charleston Town Center $5.0 million tape and not a Charleston, South Carolina palace PPK. Host’s $1.6 billion 2021 year line and the Ka’anapali golf-course $28 million line stay off this tape. The $551 million sold group stays combined. Older than the 2025–26 blotter cut.

$103.0M

Cited consideration · 173 keys · $595k / key

Host 2021 10-K: $103 million for the 173-room Alida, Savannah. Riverfront Tribute — not a Charleston Town Center PPK.

Host Hotels & Resorts Form 10-K for the year ended December 31, 2021 (closed December 2021)

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 filingsHost · 2021 filings

Keys at tape
173
Segment
Upscale
Market
Savannah
Buyer
Host Hotels & Resorts
Seller
—

Source

Host Hotels & Resorts Form 10-K for the year ended December 31, 2021 (closed December 2021)

https://www.sec.gov/Archives/edgar/data/1061937/000095017022001965/hst-20211231.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
$103.0M

$595,376 / key · 173 keys

Worksheet
$77.6M

$448,361 / key · Harbor defaults

Gap
-25%

Savannah · worksheet vs tape PPK

Host 2021 10-K: $103 million for the 173-room Alida, Savannah. Riverfront Tribute — not a Charleston Town Center PPK.

Host Hotels & Resorts Form 10-K for the year ended December 31, 2021 (closed December 2021)

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.

Savannah · Upscale

The Alida, Savannah

173 keys · Savannah · Tribute Portfolio

Savannah riverfront Tribute. Host bought the 173-key house in December 2021 for $103 million (2021 10-K). Day unnamed — Harbor uses the first of December. Seller unnamed. Not Xenia’s Marriott Charleston Town Center $5.0 million tape and not a Charleston, South Carolina palace PPK.