Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Apr 15, 2011
Capitol Hill Suites · Washington, D.C. · 152 keys · Independent / boutique
$47.5M
$312,500 / key
Hersha Exhibit 99.1: $47.5 million for the 152-room Capitol Hill Suites in Washington, D.C. Capitol Hill boutique — not a Georgetown Embassy PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)
Historical cited · 2011 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Apr 15, 2011
Capitol Hill Suites · Washington, D.C. · 152 keys · Independent / boutique
$47.5M
$312,500 / key
Hersha Exhibit 99.1: $47.5 million for the 152-room Capitol Hill Suites in Washington, D.C. Capitol Hill boutique — not a Georgetown Embassy PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)
Historical cited · 2011 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Estimate ↔ tape
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
$312,500 / key · 152 keys
$284,674 / key · Harbor defaults
Washington, D.C. · worksheet vs tape PPK
Hersha Exhibit 99.1: $47.5 million for the 152-room Capitol Hill Suites in Washington, D.C. Capitol Hill boutique — not a Georgetown Embassy PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)
Historical cited · 2011 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Estimate ↔ tape
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
$312,500 / key · 152 keys
$284,674 / key · Harbor defaults
Washington, D.C. · worksheet vs tape PPK
Hersha Exhibit 99.1: $47.5 million for the 152-room Capitol Hill Suites in Washington, D.C. Capitol Hill boutique — not a Georgetown Embassy PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)
Historical cited · 2011 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.