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Montage Healdsburg — Sunstone acquisition
$265,000,000 · $2,038,462/key
Sunstone acquired the fee-simple interest in the 130-room Montage Healdsburg on April 22, 2021 for a gross purchase price of $265.0 million. Harbor PPK is $265.0 million ÷ 130. The same Q1 2021 Exhibit 99.1 names April 22, the 130 rooms, and that gross price. Use the $265.0 million hotel price, not the $66.25 million Series G preferred, not cash on hand, and not closing costs. Seller unnamed. Residences stay off this hotel tape. Not Sunstone’s Four Seasons Resort Napa Valley $177.5 million / 85 tape and not Auberge du Soleil. Harbor will not invent a Calistoga lock. The $442.5 million 2021 Healdsburg-plus-Napa line stays off this tape. Older than the 2025–26 blotter cut.
Sunstone Hotel Investors Exhibit 99.1, May 3, 2021 (closed April 22)