Is someone throwing this party for you, like you manager? Or are you throwing a party for yourself? If its the later, this would be a huge turn off for me as a colleague and now subordinate.
I agree with other comments: you don't know anything about other's individual journeys.
Please resist the urge to stand in front of the team and make comments like: this is everyone's promotion, I'm here because of you and everyone's hard work. This is gloating and it's unbecoming to you as a new manager.
Post your promotion on LinkedIn and let people comment. Or work with your HR team on the promotion announcement. Demonstrate your gratitude to the team with your actions an partnership on projects, set good examples and help others ascend to more senior positions. This will be so much more impactful that throwing yourself a party.
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