public_filing
The Lexington Hotel New York — DiamondRock disposition
$185,300,000 · $255,586/key
DiamondRock closed the 725-room Lexington Hotel in New York City on June 30, 2021 for $185.3 million. Harbor PPK is $185.3 million ÷ 725. Use the $185.3 million sale price — DiamondRock’s projected capital line is DiamondRock’s narrative, not a second hotel price. Buyer unnamed. The Frenchman’s Reef cash-plus-participation line stays off this graph. Not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, not Host’s 2022 Sheraton Times Square $373 million convention box, and not Pebblebrook’s 2021 Roger $19.0 million tape. Older than the 2025–26 blotter cut.
DiamondRock Hospitality Company Form 8-K Exhibit 99.1, July 1, 2021 (closed June 30)