public_filing
Courtyard Los Angeles — Sunstone leasehold disposition
$50,000,000 · $267,380/key
Sunstone sold the leasehold interest in the 187-room Courtyard by Marriott Los Angeles on October 23, 2019 for a gross sale price of $50 million. Harbor PPK is $50 million ÷ 187 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same Exhibit 99.1 names October 23, the 187 rooms, and that hotel price. Use the $50 million hotel price, not Sunstone’s $267,000/key rounding. Buyer unnamed. Filing names Los Angeles — Harbor will not invent a downtown or LAX lock. Sunstone’s 13.8x / 6.2% trailing lines are Sunstone’s narrative, not a second hotel price. Not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape and not Hilton Checkers Los Angeles. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.
Sunstone Hotel Investors Exhibit 99.1, November 4, 2019 (sold October 23)