public_filing
Hotel Spero — Pebblebrook disposition
$71,000,000 · $300,847/key
Pebblebrook closed the 236-room Hotel Spero on August 25, 2022 for $71.0 million to a third party. Harbor PPK is $71.0 million ÷ 236. Pebblebrook’s 9.1x / 9.8% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — Harbor will not invent a desk from trade press. Not The Marker San Francisco $77.0 million, not Hotel Zoe Fisherman’s Wharf $68.5 million (2023), and not Sunstone’s $279 million Embarcadero Hyatt Regency. Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. Older than the 2025–26 blotter cut.
Pebblebrook Hotel Trust Form 8-K, August 25, 2022 (press dated August 26)