Hotels only · No pay-to-rank · Advice first; verified when attested
Southeast · tertiary
East Tennessee interstate and Cedar Bluff extended-stay. Do not import a Nashville Broadway going-in cap. Apple named the TownePlace as one house.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Knoxville · Upper midscale
97 keys · Knoxville · TownePlace Suites
Cedar Bluff extended-stay. Apple sold the 97-key house on December 3, 2024 for approximately $9.4 million (FY2024 Exhibit 99.1; close day from Apple’s later sold table). Buyer unnamed. Not a Nashville Broadway tape. Rogers pair stays off this row.
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Public tape · 1 events
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TownePlace Suites by Marriott Knoxville Cedar Bluff · 97 keys · Upper midscale
Consideration
$9.4M
$97k / key
Apple Exhibit 99.1: approximately $9.4 million for the 97-room TownePlace Suites Knoxville Cedar Bluff. Cedar Bluff extended-stay — not a Nashville Broadway PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Apple sold the 97-room TownePlace Suites by Marriott Knoxville Cedar Bluff in December 2024 for a gross sales price of approximately $9.4 million. Apple’s later sold table dates the close to December 3, 2024. Harbor PPK is $9.4 million ÷ 97. Buyer unnamed. Not a Nashville Broadway tape. Rogers pair stays off this row. Older than the 2025–26 blotter cut.