Hotels only · No pay-to-rank · Advice first; verified when attested
Midwest · secondary
Convention, suburban Fishers, and interstate select-service. A downtown palace tape does not apply to a SpringHill on the northeast side.
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Indianapolis · Upscale
130 keys · Fishers · SpringHill Suites
Northeast-side select-service. Apple sold the 130-key house on March 19, 2025 for $12.7 million (FY2025 Exhibit 99.1; close day from Apple’s later sold table). Buyer unnamed. Not a downtown Indianapolis convention PPK. Apple’s 1031 into Tampa-Brandon is Apple’s tax story, not a second price.
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Public tape · 1 events
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SpringHill Suites by Marriott Indianapolis Fishers · 130 keys · Upscale
Consideration
$12.7M
$98k / key
Apple Exhibit 99.1: $12.7 million for the 130-room SpringHill Suites Indianapolis Fishers. Suburban select-service — not a downtown convention PPK.
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
Apple sold the 130-room SpringHill Suites by Marriott Indianapolis Fishers in March 2025 for a gross sales price of $12.7 million. Apple’s later sold table dates the close to March 19, 2025. Harbor PPK is $12.7 million ÷ 130. Buyer unnamed. Apple used a portion of proceeds in a 1031 with Tampa-Brandon — that is Apple’s tax story, not a second hotel price. Not a blended $73.3 million / 779-key PPK.