Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 112 of 282 · 2022
Xenia acquired the 346-key W Nashville on March 29, 2022 for a $328.7 million purchase price. Harbor PPK is $328.7 million ÷ 346. Xenia rounded the same math to about $950,000 per key. Rooms sit with that named price in the same 8-K exhibit. Use the $328.7 million exhibit price, not the 8-K body’s “approximately $328.7 million (subject to customary adjustments)” line as a second hotel price. Seller unnamed as a Harbor party — the 8-K names Nashville Gulch, LLC; Harbor will not invent a desk beyond that paper. Not Motto Nashville $98.2 million, not 21c Hotel Nashville $59.0 million, and not Union Station $56.0 million. Older than the 2025–26 blotter cut.
$328.7M
Cited consideration · 346 keys · $950k / key
Xenia 8-K Exhibit 99.1: $328.7 million for the 346-key W Nashville. Gulch W — not a Motto Nashville PPK and not a 21c PPK.
Xenia Hotels & Resorts Form 8-K Exhibit 99.1, March 29, 2022 (closed March 29)
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
Source
Xenia Hotels & Resorts Form 8-K Exhibit 99.1, March 29, 2022 (closed March 29)
https://www.sec.gov/Archives/edgar/data/1616000/000161600022000058/exhibit991pressrelease_wna.htmEstimate ↔ 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.
$949,711 / key · 346 keys
$695,418 / key · Harbor defaults
Nashville · worksheet vs tape PPK
Xenia 8-K Exhibit 99.1: $328.7 million for the 346-key W Nashville. Gulch W — not a Motto Nashville PPK and not a 21c PPK.
Xenia Hotels & Resorts Form 8-K Exhibit 99.1, March 29, 2022 (closed March 29)
Historical cited · 2022 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.
Nashville · Luxury
346 keys · Nashville · W
Gulch W. Xenia bought the 346-key house on March 29, 2022 for $328.7 million (8-K Exhibit 99.1). Seller unnamed as a Harbor party — the 8-K names Nashville Gulch, LLC; Harbor will not invent a desk beyond that paper. Not Motto Nashville $98.2 million, not 21c Hotel Nashville $59.0 million, and not Union Station $56.0 million.
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.
Nashville · 721 keys · Luxury
Consideration
$530.0M
$735k / key
Host 2024 10-K: $530 million for the 215-room 1 Hotel Nashville and 506-room Embassy Suites by Hilton Nashville Downtown. Portfolio tape. Harbor does not split the two houses.
Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024
April/May 2024 close. Two-hotel downtown complex, 721 keys combined. Do not use the blended $735k/key as a single-house 1 Hotel or Embassy Suites comp. See Host’s May 1, 2024 IR.
The Hermitage Hotel · 122 keys · Luxury
Consideration
Not disclosed
Civic landmark. No public tape Harbor will treat as a fact.