Sheraton New York Times Square Hotel

public_filing

Sheraton New York Times Square Hotel — Host disposition

$373,000,000 · $209,551/key

Host sold the Sheraton New York Times Square Hotel in April 2022 for $373 million, including a $250 million bridge loan Host provided to the buyer. Host’s IR dated April 20, 2022 names the close as that day and the 1,780-room count — the sale 10-Q names the month and the $373 million, not the day or keys. Harbor PPK is $373 million ÷ 1,780. Use the $373 million sale price, not the $250 million seller loan. Host’s 28.0x / foregone-capex lines are Host’s narrative, not a second hotel price. Buyer unnamed in Host’s filing. Not the Marriott Marquis, not Host’s 2019 Westin Grand Central $302 million tape, and not Sunstone’s Hilton Times Square assignment. Older than the 2025–26 blotter cut.