Hotels only · No pay-to-rank · Advice first; verified when attested
Two tapes · no invented prices · The Greenbrier
Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.
Dec 22, 2025
Motto by Hilton Nashville Downtown · Nashville · 260 keys · Upscale
$98.2M
$377,692 / key
Apple IR: approximately $98.2 million for the 260-room new-build Motto. Rooms-focused — not a 1 Hotel lifestyle PPK.
Apple Hospitality REIT Exhibit 99.1, December 22, 2025
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
May 27, 2026
Chamberlain West Hollywood Hotel · Los Angeles · 115 keys · Upscale
$43.5M
$378,261 / key
Pebblebrook IR: $43.5 million for the 115-room Chamberlain. Preferred-share takeout is Pebblebrook’s consideration mix — not a second hotel price.
Pebblebrook Hotel Trust IR, May 28, 2026 (closed May 27)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Different houses. Do not average PPK across markets or structures.
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.
$377,692 / key · 260 keys
$308,585 / key · Harbor defaults
Nashville · worksheet vs tape PPK
Apple IR: approximately $98.2 million for the 260-room new-build Motto. Rooms-focused — not a 1 Hotel lifestyle PPK.
Apple Hospitality REIT Exhibit 99.1, December 22, 2025
Morning blotter · 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.
$378,261 / key · 115 keys
$382,426 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Pebblebrook IR: $43.5 million for the 115-room Chamberlain. Preferred-share takeout is Pebblebrook’s consideration mix — not a second hotel price.
Pebblebrook Hotel Trust IR, May 28, 2026 (closed May 27)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.