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.
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.
Nov 5, 2025
Hampton Inn & Suites Clovis-Airport North · Fresno–Clovis · 86 keys · Upper midscale
$8.3M
$96,512 / key
Apple Exhibit 99.1: approximately $8.3 million for the 86-room Hampton Inn & Suites Clovis-Airport North. Adjacent Homewood is a separate $12.0 million tape.
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
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.
$96,512 / key · 86 keys
$136,852 / key · Harbor defaults
Fresno–Clovis · worksheet vs tape PPK
Apple Exhibit 99.1: approximately $8.3 million for the 86-room Hampton Inn & Suites Clovis-Airport North. Adjacent Homewood is a separate $12.0 million tape.
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.