public_filing
Hyatt Regency San Francisco — Sunstone disposition
$279,000,000 · $339,829/key
Sunstone sold the 821-room Hyatt Regency San Francisco on July 30, 2026 to funds affiliated with Blackstone Real Estate for a gross sale price of $279 million. Sunstone rounds that to approximately $340,000 per key; Harbor PPK is $279 million ÷ 821. Sunstone’s 21.4x Hotel Adjusted EBITDAre / 3.5% TTM NOI cap (trailing twelve months ending May 31, 2026, from the June 23 agreement exhibit) are Sunstone’s narrative, not a second hotel price. Do not apply this as a Fairmont Nob Hill or Fisherman’s Wharf tape. RLJ’s Dallas Love Field + Houston Galleria December 2025 pair stays off this row — that was a combined $49.5 million.
Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)