Hotels only · No pay-to-rank · Advice first; verified when attested
Midwest · secondary
East Market / NuLu and downtown convention inventory. Apple’s 2022 AC Hotel Louisville Downtown $51.0 million tape is a 156-key rooms-focused buy — not the Pittsburgh AC $34.0 million tape and not a Cincinnati river-city PPK. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.
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Louisville · Upscale
156 keys · Louisville · AC Hotel
Downtown Louisville AC. Apple bought the existing 156-key house on October 25, 2022 for $51.0 million (2022 10-K table). Seller unnamed. Not the Pittsburgh AC $34.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.
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AC Hotel Louisville Downtown · 156 keys · Upscale
Consideration
$51.0M
$327k / key
Apple 2022 10-K table: $51.0 million for the existing 156-room downtown AC Hotel. Downtown AC — not a Cincinnati river-city PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)
Apple acquired the existing 156-room AC Hotel Louisville Downtown on October 25, 2022 for a $51.0 million gross purchase price. Harbor PPK is $51.0 million ÷ 156. Apple rounded the same math to about $327,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the Pittsburgh AC $34.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.