public_filing
Fairmont Newport Beach — Sunstone disposition
$125,000,000 · $281,532/key
Sunstone sold the 444-room Fairmont Newport Beach on February 10, 2017 for a gross sales price of $125.0 million. Harbor PPK is $125.0 million ÷ 444. The same Exhibit 99.1 names February 10, the 444 rooms, and that gross hotel price. Use the $125.0 million hotel price, not a later net line. Buyer unnamed. Filing names Newport Beach — Harbor will not invent an Irvine or Anaheim lock. Not Xenia’s Fairmont Dallas $111.0 million tape, not Apple’s Hampton Inn Cypress $19.8 million / 110 tape, and not Pebblebrook’s Gurney’s Newport $174.0 million / 257 Rhode Island tape. The Marriott Philadelphia plus Marriott Quincy $139.0 million line stays combined. 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, February 21, 2017 (sold February 10)