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Lake Austin Spa Resort — DiamondRock acquisition
$75,800,000 · $1,895,000/key
DiamondRock purchased the 40-room Lake Austin Spa Resort in Austin, Texas on November 21, 2022 for a net purchase price of $75.8 million. Harbor PPK is $75.8 million ÷ 40. The same Exhibit 99.1 names November 21, the 40 rooms, and that net price. Use the $75.8 million net line — Harbor will not invent a gross. Same-paper operating tables that print 41 rooms stay off this 40-room price sentence. Seller unnamed. Not Host’s Hyatt Regency Austin $161 million / 448 tape, not Hotel Van Zandt $246 million / 319, and not Chatham’s Domain Residence Inn $37.0 million or TownePlace $34.3 million tapes. Tranquility Bay stays off. The $174 million three-resort 2022 line stays combined. Older than the 2025–26 blotter cut.
DiamondRock Hospitality Company Exhibit 99.1, fourth quarter and year ended December 31, 2022 (closed November 21)