public_filing
Four Points San Francisco Airport — Summit disposition
$17,700,000 · $175,248/key
Summit sold the 101-guestroom Four Points San Francisco Airport in October 2024 for $17.7 million. Harbor uses the first of October rather than inventing a closing day. Harbor PPK is $17.7 million ÷ 101. Buyer unnamed. Summit marked the cap-rate N/M because hotel NOI at sale was de minimis — that is Summit’s narrative, not a second price. Not Sunstone’s $279 million Embarcadero Hyatt Regency and not Park’s $80 million Wharf Centric. Older than the 2025–26 blotter cut.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (October 2024 close; day unnamed)