public_filing
Embassy Suites La Jolla — Sunstone disposition
$226,700,000 · $666,765/key
Sunstone sold the 340-room Embassy Suites La Jolla on December 2, 2021 for a contractual sale price of $226.7 million. Harbor PPK is $226.7 million ÷ 340. The same FY2021 Exhibit 99.1 names December 2, the 340 rooms, and that price. Use the $226.7 million contractual price, not the $56.6 million assigned loan and not the $148.8 million gain. Buyer unnamed. Not Pebblebrook’s 2021 Estancia La Jolla $108.0 million leasehold, not Braemar’s Hilton La Jolla Torrey Pines $165 million, and not Apple’s 2015 Courtyard San Diego $56.0 million / 245. Older than the 2025–26 blotter cut.
Sunstone Hotel Investors Exhibit 99.1, February 22, 2022 (sold December 2, 2021)