Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 153 of 282 · 2021
Park sold the 97-room W New Orleans – French Quarter in April 2021 for gross proceeds of approximately $24 million. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $24 million ÷ 97. Park rounded the same math to about $249,000 per key. Buyer unnamed. Not the St. Charles Hilton $47 million tape. Adagio and Le Meridien San Francisco stay off — those papers do not name a single-hotel price and keys together. Indigo San Diego + Courtyard Capitol Hill $149 million and the $477 million year line stay combined. Older than the 2025–26 blotter cut.
$24.0M
Cited consideration · 97 keys · $247k / key
Park Q1 2021 10-Q subsequent events: approximately $24 million for the 97-room W New Orleans – French Quarter. French Quarter W — not a CBD Hilton PPK.
Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2021 (sold April 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 filingsPark · 2021 filings
Source
Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2021 (sold April 2021)
https://www.sec.gov/Archives/edgar/data/1617406/000156459021025547/pk-10q_20210331.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.
$247,423 / key · 97 keys
$329,408 / key · Harbor defaults
New Orleans · worksheet vs tape PPK
Park Q1 2021 10-Q subsequent events: approximately $24 million for the 97-room W New Orleans – French Quarter. French Quarter W — not a CBD Hilton PPK.
Park Hotels & Resorts Form 10-Q, quarter ended March 31, 2021 (sold April 2021)
Historical cited · 2021 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.
New Orleans · Upper upscale
97 keys · New Orleans · W Hotels
French Quarter W. Park sold the 97-key house in April 2021 for approximately $24 million (Q1 2021 10-Q subsequent events). Buyer unnamed. Not the St. Charles Hilton $47 million tape and not the family-held Monteleone. Day-of-month unnamed — Harbor uses the first of April.
Same house or same market · 3
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Hilton New Orleans St. Charles · 252 keys · Upper upscale
Consideration
$47.0M
$187k / key
Sunstone IR: $47 million gross for the 252-room Hilton New Orleans St. Charles. CBD box — not a French Quarter irreplaceable.
Sunstone Hotel Investors IR / PR Newswire, June 9, 2025 (Q2 close dated June 5)
Sunstone’s Q2 2025 release dates the close to June 5, 2025 at a contractual $47.0 million, or about $187,000 per key. Harbor PPK is $47 million ÷ 252. Sunstone’s 10.1x / 8.7% lines and the 13.4x / 6.6% after estimated near-term capex are Sunstone’s narrative, not a second price. Insurance and flood belong next to any number you type yourself.
Le Meridien New Orleans · 410 keys · Upper upscale
Consideration
$84.0M
$205k / key
Park Q2 2020 supplemental sold table: $84.0 million gross for the 410-room Le Meridien New Orleans. CBD Le Meridien — not a French Quarter W PPK and not the San Francisco Adagio / Le Meridien stay-off.
Park Hotels & Resorts Q2 2020 supplemental, Properties Sold table (December 2019 close; day unnamed)
Park sold the 410-room Le Meridien New Orleans in December 2019 for $84.0 million gross proceeds. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $84.0 million ÷ 410. Park rounded the same math to $205,000 per key. Buyer unnamed. Not Park’s 2021 W New Orleans – French Quarter $24 million / 97 tape and not the St. Charles Hilton $47 million tape. Adagio and Le Meridien San Francisco stay off — those papers do not name a single-hotel price and keys together. Hilton New Orleans Airport plus Embassy Suites Parsippany stay combined. Hilton São Paulo Morumbi stays off this row. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together. Older than the 2025–26 blotter cut.
Hotel Monteleone · 570 keys · Upper upscale
Consideration
Not disclosed
Family-held French Quarter house. Soft brand is not a sale.