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Harborby Signalry

Mid-Atlantic · tertiary

Central Pennsylvania

Interstate select-service in West Hanover, New Columbia, and Gettysburg, Pennsylvania. Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, and Hersha’s 2009 Hilton Garden Inn Gettysburg $7.75 million / 88 tape are this market — Harbor will not invent a Philadelphia or Harrisburg lock. Hersha’s 2006 Courtyard Scranton $8.8 million / 120 tape lives on its own Scranton market. Not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape and not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape.

Hotels
3
Graph events
3
Cited prices
3
Desks
0

Hotels

Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.

Central Pennsylvania · Midscale

Comfort Inn West Hanover

81 keys · West Hanover · Comfort Inn

West Hanover Comfort Inn. Hersha sold the 81-key house on July 1, 2011 for $5.25 million (August 3, 2011 Exhibit 99.1). Buyer unnamed. Filing names West Hanover, Pennsylvania — Harbor will not invent a Philadelphia or Harrisburg lock. Use the $5.25 million hotel price, not the $958,000 gain. Not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape.

Central Pennsylvania · Upper midscale

Holiday Inn Express New Columbia

81 keys · New Columbia · Holiday Inn Express

New Columbia Holiday Inn Express. Hersha sold the 81-key house in July 2010 for $3.0 million (August 4, 2010 Exhibit 99.1). Harbor uses the first of July rather than inventing a closing day. Buyer unnamed. Filing names New Columbia, PA — Harbor will not invent a Philadelphia or Harrisburg lock. Use the $3.0 million hotel price, not the 10-K $3,000 thousands figure. Not Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape.

Central Pennsylvania · Upscale

Hilton Garden Inn Gettysburg

88 keys · Gettysburg · Hilton Garden Inn

Gettysburg Garden Inn. Hersha sold the 88-key house on July 30, 2009 for $7.75 million (prospectus supplement / 424B5). Buyer unnamed. Filing names Gettysburg, Pennsylvania — Harbor will not invent a Harrisburg, Hershey, or Philadelphia lock. Use the $7.75 million hotel price, not the $1.75 million net-after-debt line. Do not stitch a Hotel Executive or Hotel News Resource item. The same paper’s July 14, 2009 Mainstay Suites plus Comfort Inn Frederick line stays combined. The same paper’s July 23, 2009 Four Points Revere line is a 55% joint-venture interest, not a hotel deed tape. Not Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape.

Desks covering this market

Public coverage lists, not a claimed book. Open a desk for the graph timeline.

No public desk publishes coverage here. Harbor will not invent a book.

Public tape · 3 events

Transactions

Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.

Morning blotterCompare tapes

Public filingJul 1, 2011

Comfort Inn West Hanover — Hersha disposition

Comfort Inn West Hanover · 81 keys · Midscale

Consideration

$5.3M

$65k / key

Hersha Exhibit 99.1: $5.25 million for the 81-room Comfort Inn in West Hanover, Pennsylvania. West Hanover Comfort Inn — not a Philadelphia Westin PPK.

Hersha Hospitality Trust Exhibit 99.1, August 3, 2011 (July 1, 2011 close)

Hersha sold the 81-room Comfort Inn in West Hanover, Pennsylvania on July 1, 2011 for $5.25 million. Harbor PPK is $5.25 million ÷ 81. The same subsequent-events paragraph names July 1, the 81 rooms, and that hotel price. Use the $5.25 million hotel price, not the $958,000 gain. Buyer unnamed. Filing names West Hanover, Pennsylvania — Harbor will not invent a Philadelphia or Harrisburg lock. The same paper’s July 22 Pearl Street line is a redevelopment close without a hotel price. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape, not Pebblebrook’s 2022 Sofitel Philadelphia $80.0 million / 306 tape, and not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateCentral PennsylvaniaCompare

Public filingJul 1, 2010

Holiday Inn Express New Columbia — Hersha disposition

Holiday Inn Express New Columbia · 81 keys · Upper midscale

Consideration

$3.0M

$37k / key

Hersha Exhibit 99.1: $3.0 million for the 81-room Holiday Inn Express in New Columbia, Pennsylvania. New Columbia Holiday Inn Express — not a Philadelphia Westin PPK and not a Water Street Holiday Inn Express PPK.

Hersha Hospitality Trust Exhibit 99.1, August 4, 2010 (July 2010 close)

Hersha sold the 81-room Holiday Inn Express in New Columbia, PA in July 2010 for $3.0 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $3.0 million ÷ 81. The same subsequent-event paragraph names July, the 81 rooms, and that hotel price. Use the $3.0 million hotel price, not the 10-K $3,000 thousands figure. Hersha’s 7.7% capitalization rate and 11 times trailing twelve month Hotel EBITDA lines are Hersha’s narrative, not a second hotel price. Buyer unnamed. Filing names New Columbia, PA — Harbor will not invent a Philadelphia or Harrisburg lock. The same paper’s April 13, 2010 Courtyard South Boston line is a mortgage-note purchase of a 50% joint venture, not a hotel deed tape. The same paper’s Holiday Inn Wall Street May 2010 mention names neither a hotel price nor keys. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateCentral PennsylvaniaCompare

Public filingJul 30, 2009

Hilton Garden Inn Gettysburg — Hersha disposition

Hilton Garden Inn Gettysburg · 88 keys · Upscale

Consideration

$7.8M

$88k / key

Hersha 424B5: $7.75 million for the 88-room Hilton Garden Inn in Gettysburg. Gettysburg Garden Inn — not a Philadelphia Westin PPK.

Hersha Hospitality Trust prospectus supplement / 424B5 (July 30, 2009 close)

Hersha sold the 88-room Hilton Garden Inn located in Gettysburg, Pennsylvania on July 30, 2009 for $7.75 million. Harbor PPK is $7.75 million ÷ 88. The same subsequent-events paragraph names July 30, the 88 rooms, and that hotel price. Use the $7.75 million hotel price, not the $1.75 million net-after-debt line. Buyer unnamed. Filing names Gettysburg, Pennsylvania — Harbor will not invent a Harrisburg, Hershey, or Philadelphia lock. Do not stitch a Hotel Executive or Hotel News Resource item. The same paper’s July 14, 2009 Mainstay Suites plus Comfort Inn Frederick line stays combined. The same paper’s July 23, 2009 Four Points Revere line is a 55% joint-venture interest, not a hotel deed tape. Holiday Inn Express Camp Springs stays off — the June 26, 2008 8-K names $14.0 million without keys; do not stitch the $61.8 million Harrisburg, JFK, and Camp Springs line. Towne Place Suites Harrisburg stays off until one paper names month, that hotel’s price, and keys together. Sheraton JFK stays off until one paper names month, that hotel’s price, and keys together. Holiday Inn New Cumberland stays off — the October 30, 2008 8-K names the sale without a hotel price or keys. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hilton Garden Inn Glastonbury stays off as a remaining 52% joint-venture interest. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape, and not Hersha’s 2008 Hampton Inn Smithfield $12.6 million / 101 tape. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateCentral PennsylvaniaCompare