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Harborby Signalry

Northeast · gateway

New York

The deepest hotel capital market in the country. Trophy pricing, ground-lease complexity, and a buyer set that reads like a sovereign-wealth directory. Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape is an entity sale of the leasehold interests — not a fee Midtown deed, not Host’s 2022 Sheraton Times Square $373 million convention box, and not Pebblebrook’s Roger $19.0 million boutique. Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape is a named Financial District Hampton — not that Doubletree and not that Sheraton convention box. Hersha’s 2014 Hotel 373 $37.0 million / 70 tape is a named midtown Manhattan boutique — not that Financial District Hampton, not that Doubletree, and not that Sheraton convention box. Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape is a named Union Square Hyatt — not that Hotel 373 boutique, not that Financial District Hampton, and not that Times Square Doubletree. Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape is a named Water Street Holiday Inn Express — not that Financial District Hampton, not that Hotel 373 boutique, and not that Union Square Hyatt. Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape is a named Wall Street Holiday Inn — not that Water Street Holiday Inn Express, not that Financial District Hampton, and not that Hotel 373 boutique. Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape is a named Tribeca independent — not that Hotel 373 boutique, not that Financial District Hampton, and not that Wall Street Holiday Inn. Hersha’s 2007 Hampton Inn Seaport $27.6 million / 65 tape is a named Seaport Hampton — not that Duane Street independent, not that Financial District Hampton, and not that Wall Street Holiday Inn. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Pebblebrook’s 2021 Roger $19.0 million tape is a leasehold with about 23 years left — not that Doubletree, not RLJ’s 2021 DoubleTree Metropolitan $169.0 million box, not DiamondRock’s 2021 Lexington Hotel $185.3 million box, and not the Marriott Marquis. Sunstone’s 2021 Renaissance Westchester $18.8 million / 348 tape lives on its own market — that suburban Renaissance is not a Manhattan PPK. Hersha’s 2006 Holiday Inn Express Hauppauge $18.0 million / 133 tape and Hersha’s 2006 Hampton Inn Farmingville $21.5 million / 161 tape live on their own Long Island market — Harbor will not invent a Manhattan lock.

Hotels
25
Graph events
26
Cited prices
17
Desks
12

Hotels

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

New York · Upper upscale

Sheraton New York Times Square Hotel

1780 keys · New York · Sheraton

Times Square convention Sheraton. Host sold the 1,780-key house on April 20, 2022 for $373 million (Q1 2022 10-Q; keys and close day from Host IR). Use the $373 million sale price, not the $250 million bridge loan. Buyer unnamed. Not the Marriott Marquis, not Sunstone’s Hilton Times Square assignment, and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 leasehold entity sale.

New York · Upscale

The Roger New York

194 keys · New York · The Roger

Manhattan boutique leasehold. Pebblebrook sold the leasehold interest in the 194-key house on June 10, 2021 for $19.0 million (8-K). About 23 years remained on the ground lease. Buyer unnamed. Harbor PPK is a leasehold number — not Host’s 2022 Sheraton Times Square $373 million convention box.

New York · Upper upscale

DoubleTree Hotel Metropolitan New York City

764 keys · New York · DoubleTree

Midtown East DoubleTree. RLJ sold the 764-key house in December 2021 for a gross sales price of $169.0 million (Q4 2021 8-K Exhibit 99.1). Day-of-month unnamed — Harbor uses the first of December. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not DiamondRock’s 2021 Lexington Hotel $185.3 million tape, and not Pebblebrook’s 2021 Roger $19.0 million tape.

New York · Upper upscale

The Lexington Hotel New York

725 keys · New York · The Lexington Hotel

Midtown East box. DiamondRock sold the 725-key house on June 30, 2021 for $185.3 million (8-K Exhibit 99.1). Buyer unnamed. Use the $185.3 million sale price — DiamondRock’s projected capital line is DiamondRock’s narrative, not a second hotel price. Not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, not Host’s 2022 Sheraton Times Square $373 million convention box, and not Pebblebrook’s 2021 Roger $19.0 million tape.

New York · Upper upscale

Doubletree Guest Suites Times Square

468 keys · New York · DoubleTree

Times Square Doubletree suites. Sunstone sold 100% of the membership interests in the LLC that held the leasehold interests in the 468-key house on December 18, 2015 for a $540.0 million contractual gross sale price (8-K). Buyer unnamed. That is a leasehold entity sale — not a fee Midtown deed. Use the $540.0 million hotel price, not the $520.574 million expected net and not the $175.0 million mortgage payoff. Not Host’s 2022 Sheraton Times Square $373 million convention box, not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, and not Pebblebrook’s Roger $19.0 million tape.

New York · Upper midscale

Hampton Inn Financial District

81 keys · New York · Hampton

Manhattan Financial District Hampton. Hersha sold the 81-key house on March 14, 2018 for $32.4 million (IR). Buyer unnamed. Filing names Financial District — Harbor will not invent a Seaport or Pearl Street lock. Not Host’s 2022 Sheraton Times Square $373 million convention box and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape.

New York · Independent / boutique

Hotel 373

70 keys · New York · Hotel 373

Midtown Manhattan boutique. Hersha sold the 70-key house on April 30, 2014 for $37.0 million (Q1 2014 Exhibit 99.1). The paper names an offshore investment group, not a Harbor party. Filing names midtown Manhattan — Harbor will not invent a Times Square or Financial District lock. Not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape.

New York · Upper upscale

Hyatt Union Square

178 keys · New York · Hyatt

Union Square Hyatt. Hersha bought the 178-key house in April 2013 for $105.0 million total consideration (Q1 2013 Exhibit 99.1). Harbor uses the first of April rather than inventing a closing day. Seller unnamed. Filing names Union Square — Harbor will not invent a Times Square or Financial District lock. Use the $105.0 million named consideration, not the $55.0 million new mortgage. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape and not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape.

New York · Upper midscale

Holiday Inn Express Water Street

112 keys · New York · Holiday Inn Express

Water Street Holiday Inn Express. Hersha bought the 112-key house on March 25, 2011 for $36.7 million (May 5, 2011 Exhibit 99.1). Seller unnamed. Filing names Water Street — Harbor will not invent a Seaport or Pearl Street lock. Use the $36.7 million hotel price, not the 10-Q $38.664 million allocation. Not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, and not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape.

New York · Upper midscale

Holiday Inn Wall Street

113 keys · New York · Holiday Inn

Wall Street Holiday Inn. Hersha bought the 113-key house on May 7, 2010 for $34.876 million (Q2 2010 10-Q). Seller unnamed — an unrelated third party. The 10-Q names Maiden Hotel LLC as the owner entity purchased — not a Harbor party. Filing names Wall Street, New York — Harbor will not invent a Seaport or Financial District lock. Use the $34.876 million membership-interest purchase price, not the $151 closing-cost add-on and not a trade-press $34.8 million / $308,000 per key line. The August 4, 2010 Exhibit 99.1 names May without a hotel price or keys. Not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape and not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape.

New York · Independent / boutique

Duane Street Hotel

45 keys · New York · Duane Street Hotel

Tribeca independent boutique. Hersha bought the 45-key house in January 2008 for $24.75 million (Q4 2007 Exhibit 99.1). Harbor uses the first of January rather than inventing a closing day. Seller unnamed. Filing names Tribeca — Harbor will not invent a Financial District or Seaport lock. Use the $24.75 million hotel price, not the $2.0 million cash line, not the $15.0 million assumed debt, and not the $7.75 million OP-unit line. Later Duane Street $20 million and Blue Moon $30 million lines stay off as contracts without keys. Hilton Garden Inn Tribeca stays off as a development-loan conversion. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape.

New York · Upper midscale

Hampton Inn Seaport

65 keys · New York · Hampton Inn

Seaport Hampton Inn. Hersha bought the 65-key house on February 1, 2007 for $27.6 million (May 8, 2007 Exhibit 99.1). Seller unnamed. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Use the $27.6 million hotel price, not the $19.25 million debt line and not the supplemental $27.625 million investment column. Do not stitch the February 1, 2007 8-K. The same paper’s January Residence Inn Langhorne, Holiday Inn Express Chester, and Residence Inn Carlisle $34.6 million line stays combined. The same paper’s Chelsea Holiday Inn Express line stays off as a 50% operations interest. Not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape.

Desks covering this market

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

Public tape · 26 events

Transactions

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

Morning blotterCompare a cited single

Public filingMay 4, 2026

Courtyard Manhattan/Fifth Avenue — DiamondRock leasehold sale

Courtyard by Marriott New York Manhattan/Fifth Avenue · 189 keys · Upscale

Consideration

$33.0M

$175k / key

DiamondRock Exhibit 99.1: $33.0 million for the leasehold interest in the 189-room Courtyard Manhattan/Fifth Avenue. Ground lease — not a fee-simple Midtown PPK. Near-term capex is DiamondRock’s narrative.

DiamondRock Hospitality Company Exhibit 99.1, May 4, 2026

DiamondRock announced the sale of its leasehold interest in the 189-room Courtyard by Marriott New York Manhattan/Fifth Avenue on May 4, 2026 for $33.0 million. Harbor uses the announcement date; the filing does not name a different close day. Harbor PPK is $33.0 million ÷ 189 and is a leasehold number — do not apply it as a fee-simple Midtown rooms deed. DiamondRock names $12 million of near-term capex, a contractual ground-lease step-up, and labor headwinds as the reason the going-in 13.3% NOI cap is not the story they would underwrite. Those lines are DiamondRock’s narrative, not a second price. Buyer unnamed.

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Public filingHost boughtJul 31, 2024

1 Hotel Central Park — Host Hotels acquisition

1 Hotel Central Park · 234 keys · Luxury

Consideration

$265.0M

$1.1M / key

Host 2024 10-K: $265 million for the 234-room 1 Hotel Central Park. Cash. Not a later recap.

Host Hotels & Resorts Form 10-K for the year ended Dec 31, 2024

On July 31, 2024 Host acquired the fee-simple 234-room 1 Hotel Central Park for $265 million. Filing-grade. Lifestyle luxury on Central Park South — not a limited-service Midtown PPK. Desk hotel inventory is 230 keys; this tape uses Host’s 234.

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Public filingHost soldApr 20, 2022

Sheraton New York Times Square Hotel — Host disposition

Sheraton New York Times Square Hotel · 1780 keys · Upper upscale

Consideration

$373.0M

$210k / key

Host 10-Q: $373 million for the Sheraton New York Times Square Hotel, including a $250 million bridge loan. April 20, 2022 close per Host IR. Keys (1,780) from Host IR. Times Square convention box — not a palace PPK.

Host Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (April 20 close per Host IR; keys: Host IR 1,780-room)

Host sold the Sheraton New York Times Square Hotel in April 2022 for $373 million, including a $250 million bridge loan Host provided to the buyer. Host’s IR dated April 20, 2022 names the close as that day and the 1,780-room count — the sale 10-Q names the month and the $373 million, not the day or keys. Harbor PPK is $373 million ÷ 1,780. Use the $373 million sale price, not the $250 million seller loan. Host’s 28.0x / foregone-capex lines are Host’s narrative, not a second hotel price. Buyer unnamed in Host’s filing. Not the Marriott Marquis, not Host’s 2019 Westin Grand Central $302 million tape, and not Sunstone’s Hilton Times Square assignment. Older than the 2025–26 blotter cut.

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Public filingDec 1, 2021

DoubleTree Hotel Metropolitan New York City — RLJ disposition

DoubleTree Hotel Metropolitan New York City · 764 keys · Upper upscale

Consideration

$169.0M

$221k / key

RLJ Q4 2021 8-K Exhibit 99.1: $169.0 million gross for the 764-room DoubleTree Hotel Metropolitan New York City. December 2021; day-of-month not named. Midtown East box — not a Times Square convention PPK and not a Roger PPK.

RLJ Lodging Trust Form 8-K Exhibit 99.1, Q4 and full year 2021 (December close; day unnamed)

RLJ sold the 764-room DoubleTree Hotel Metropolitan New York City in December 2021 for a gross sales price of $169.0 million. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $169.0 million ÷ 764. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not DiamondRock’s 2021 Lexington Hotel $185.3 million tape, and not Pebblebrook’s 2021 Roger $19.0 million tape. Older than the 2025–26 blotter cut.

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Public filingJun 30, 2021

The Lexington Hotel New York — DiamondRock disposition

The Lexington Hotel New York · 725 keys · Upper upscale

Consideration

$185.3M

$256k / key

DiamondRock 8-K Exhibit 99.1: $185.3 million for the 725-room Lexington Hotel in New York City. Midtown East box — not a Times Square convention PPK and not a Metropolitan PPK.

DiamondRock Hospitality Company Form 8-K Exhibit 99.1, July 1, 2021 (closed June 30)

DiamondRock closed the 725-room Lexington Hotel in New York City on June 30, 2021 for $185.3 million. Harbor PPK is $185.3 million ÷ 725. Use the $185.3 million sale price — DiamondRock’s projected capital line is DiamondRock’s narrative, not a second hotel price. Buyer unnamed. The Frenchman’s Reef cash-plus-participation line stays off this graph. Not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, not Host’s 2022 Sheraton Times Square $373 million convention box, and not Pebblebrook’s 2021 Roger $19.0 million tape. Older than the 2025–26 blotter cut.

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Public filingJun 10, 2021

The Roger New York — Pebblebrook leasehold disposition

The Roger New York · 194 keys · Upscale

Consideration

$19.0M

$98k / key

Pebblebrook 8-K: $19.0 million for the leasehold interest in the 194-room The Roger New York. About 23 years remained on the ground lease. Leasehold — not a Midtown fee palace PPK.

Pebblebrook Hotel Trust Form 8-K, June 10, 2021 (press dated June 11)

Pebblebrook sold the leasehold interest in the 194-room The Roger New York on June 10, 2021 for $19.0 million to a third party. Harbor PPK is $19.0 million ÷ 194 and is a leasehold number — do not apply it as a fee-simple Midtown rooms deed. The 8-K names about 23 years remaining on the ground lease. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box. The Kimpton Sir Francis Drake $157.6 million net-proceeds line stays off this graph — that 8-K does not name a hotel sale price. Older than the 2025–26 blotter cut.

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News / press releaseHost soldJan 9, 2019

Westin New York Grand Central — Host Hotels disposition

The Westin New York Grand Central · 774 keys · Upper upscale

Consideration

$302.0M

$390k / key

Host IR: $302 million including approximately $20 million of FF&E funds. PPK is not rooms-only.

Host Hotels & Resorts IR, January 10, 2019 (closed January 9)

Host closed the sale of the Westin New York Grand Central on January 9, 2019 for $302 million, including approximately $20 million of FF&E funds. Host’s release does not name the buyer or the key count. Trade press names 774 keys and Davidson Kempner. Upper-upscale Midtown box — not a Central Park luxury PPK.

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News / press releaseMar 14, 2018

Hampton Inn Financial District — Hersha disposition

Hampton Inn Financial District · 81 keys · Upper midscale

Consideration

$32.4M

$400k / key

Hersha IR: $32.4 million for the 81-room Hampton Inn Financial District. Financial District Hampton — not a Midtown convention PPK.

Hersha Hospitality Trust IR / GlobeNewswire, March 14, 2018 (sold; day from the release)

Hersha sold the 81-room Hampton Inn Financial District on March 14, 2018 for $32.4 million. Harbor PPK is $32.4 million ÷ 81. The same release names the completed sale, the 81 rooms, and that hotel price. Buyer unnamed — Harbor will not invent a desk from trade press. Filing names Financial District — Harbor will not invent a Seaport or Pearl Street lock. Not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Host’s 2022 Sheraton Times Square $373 million convention box and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.

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Public filingSunstone soldDec 18, 2015

Doubletree Guest Suites Times Square — Sunstone leasehold entity sale

Doubletree Guest Suites Times Square · 468 keys · Upper upscale

Consideration

$540.0M

$1.2M / key

Sunstone 8-K: $540.0 million contractual gross for the entity sale of the leasehold interests in the 468-room Doubletree Guest Suites Times Square. Leasehold — not a fee Midtown PPK.

Sunstone Hotel Investors Form 8-K, December 18, 2015 (entity sale closed that day)

Sunstone completed the sale of 100% of the membership interests in Times Square Hotel Sub, LLC, the indirect holder of the leasehold interests through which the 468-room Doubletree Guest Suites Times Square is operated, on December 18, 2015 for a contractual gross sale price of $540.0 million. Harbor PPK is $540.0 million ÷ 468 and is a leasehold number — do not apply it as a fee-simple Midtown rooms deed. The same 8-K names December 18, the 468 rooms, and that contractual hotel price. Use the $540.0 million hotel price, not the $520.574 million expected net and not the $175.0 million mortgage payoff. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, and not Pebblebrook’s Roger $19.0 million tape. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.

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Public filingApr 30, 2014

Hotel 373 — Hersha disposition

Hotel 373 · 70 keys · Independent / boutique

Consideration

$37.0M

$529k / key

Hersha Exhibit 99.1: $37.0 million for the 70-room Hotel 373. Midtown Manhattan boutique — not a Financial District Hampton PPK.

Hersha Hospitality Trust Exhibit 99.1, May 1, 2014 (April 30, 2014 close)

Hersha sold the 70-room Hotel 373 in midtown Manhattan on April 30, 2014 for $37.0 million. Harbor PPK is $37.0 million ÷ 70. Hersha rounded the same math to $529,000 per key. The same Exhibit 99.1 names the completed sale, the 70 rooms, and that hotel price. The paper names an offshore investment group, not a Harbor party — Harbor will not invent a desk. Filing names midtown Manhattan — Harbor will not invent a Times Square or Financial District lock. Hersha’s 5.2% economic capitalization rate and 17.3x Hotel EBITDA lines are Hersha’s narrative, not a second hotel price. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape and not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape. Older than the 2025–26 blotter cut.

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Public filingApr 1, 2013

Hyatt Union Square — Hersha acquisition

Hyatt Union Square · 178 keys · Upper upscale

Consideration

$105.0M

$590k / key

Hersha Exhibit 99.1: $105.0 million total consideration for the 178-room Hyatt Union Square. Union Square Hyatt — not a Times Square convention PPK and not a midtown boutique PPK.

Hersha Hospitality Trust Exhibit 99.1, April 30, 2013 (April 2013 close)

Hersha acquired the 178-room Hyatt Union Square in April 2013 for $105.0 million total consideration. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $105.0 million ÷ 178. Hersha rounded the same math to approximately $590,000 per key. The same Exhibit 99.1 names April, the 178 rooms, and that hotel consideration. Use the $105.0 million named consideration, not the $55.0 million new mortgage. Seller unnamed. Filing names Union Square — Harbor will not invent a Times Square or Financial District lock. The same paper’s Courtyard Warwick 66.7% interest stays off. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. The Cindat seven-hotel Manhattan line stays combined. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape, and not Host’s 2022 Sheraton Times Square $373 million convention box. Older than the 2025–26 blotter cut.

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Public filingMar 25, 2011

Holiday Inn Express Water Street — Hersha acquisition

Holiday Inn Express Water Street · 112 keys · Upper midscale

Consideration

$36.7M

$328k / key

Hersha Exhibit 99.1: $36.7 million for the 112-room Holiday Inn Express Water Street. Water Street Holiday Inn Express — not a Financial District Hampton PPK and not a midtown boutique PPK.

Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (March 25, 2011 close)

Hersha acquired the 112-room Holiday Inn Express Water Street on March 25, 2011 for $36.7 million. Harbor PPK is $36.7 million ÷ 112. Hersha rounded the same math to $328 thousand per key. The same Exhibit 99.1 names March 25, the 112 rooms, and that hotel price. Use the $36.7 million hotel price, not the 10-Q $38.664 million allocation. Seller unnamed. Filing names Water Street — Harbor will not invent a Seaport or Pearl Street lock. The same paper’s Courtyard Westside line is a contract, not a close. The same paper’s 32 Pearl Street $28.3 million line names a hotel price without 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. 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 Wall Street $34.876 million / 113 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.

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Public filingMay 7, 2010

Holiday Inn Wall Street — Hersha acquisition

Holiday Inn Wall Street · 113 keys · Upper midscale

Consideration

$34.9M

$309k / key

Hersha Q2 2010 10-Q: $34.876 million for the 113-room Holiday Inn on Wall Street, New York. Wall Street Holiday Inn — not a Water Street Holiday Inn Express PPK and not a Financial District Hampton PPK.

Hersha Hospitality Trust Form 10-Q, August 5, 2010 (May 7, 2010 close)

Hersha acquired 100% of the membership interests in Maiden Hotel LLC, the owner of the 113-room Wall Street Holiday Inn in New York, NY, on May 7, 2010 for an aggregate purchase price of approximately $34.876 million. Harbor PPK is $34.876 million ÷ 113. The same 10-Q names May 7, the 113 rooms, and that membership-interest purchase price. Use the $34.876 million hotel price, not the $151 closing-cost add-on, not the $957 thousand Common Units line, not the $7.839 million mezzanine settlement, and not a trade-press $34.8 million / $308,000 per key line. Seller unnamed — an unrelated third party. Maiden Hotel LLC is the named owner entity purchased — not a Harbor party. Filing names Wall Street, New York — Harbor will not invent a Seaport or Financial District lock. Do not stitch the August 4, 2010 Exhibit 99.1, which names May without a hotel price or keys. The same 10-Q’s February 9, 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. The same 10-Q’s January 1, 2010 Hilton Garden Inn Glastonbury line is a remaining 52% joint-venture interest, not a hotel deed tape. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. 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. 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 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape. Older than the 2025–26 blotter cut.

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Public filingJan 1, 2008

Duane Street Hotel — Hersha acquisition

Duane Street Hotel · 45 keys · Independent / boutique

Consideration

$24.8M

$550k / key

Hersha Exhibit 99.1: $24.75 million for the 45-room Duane Street Hotel. Tribeca independent — not a Financial District Hampton PPK and not a midtown boutique PPK.

Hersha Hospitality Trust Exhibit 99.1, February 27, 2008 (January 2008 close)

Hersha acquired the 45-room Duane Street Hotel in the Tribeca section of New York City in January 2008 for $24.75 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $24.75 million ÷ 45. The same Exhibit 99.1 names January, the 45 rooms, and that hotel price. Use the $24.75 million hotel price, not the $2.0 million cash line, not the $15.0 million assumed debt, and not the $7.75 million OP-unit line. Seller unnamed. Filing names Tribeca — Harbor will not invent a Financial District or Seaport lock. Do not stitch a later 10-Q allocation. The same paper’s Nu Hotel line is a development-project purchase, not an operating-hotel close. The same paper’s November 2007 Fairfield Inn Mt. Laurel plus Hampton Inn Linden line stays combined. Later Duane Street $20 million and Blue Moon $30 million lines stay off as contracts without keys. Hilton Garden Inn Tribeca stays off as a development-loan conversion. 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. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape. Older than the 2025–26 blotter cut.

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Public filingFeb 1, 2007

Hampton Inn Seaport — Hersha acquisition

Hampton Inn Seaport · 65 keys · Upper midscale

Consideration

$27.6M

$425k / key

Hersha Exhibit 99.1: $27.6 million for the 65-room Hampton Inn Seaport in New York City. Seaport Hampton — not a Financial District Hampton PPK.

Hersha Hospitality Trust Exhibit 99.1, May 8, 2007 (February 1, 2007 close)

Hersha acquired the 65-room Hampton Inn Seaport in New York City on February 1, 2007 for $27.6 million. Harbor PPK is $27.6 million ÷ 65. The same Exhibit 99.1 names February, the 65 rooms, and that hotel price. Use the $27.6 million hotel price, not the $19.25 million debt line and not the supplemental $27.625 million investment column. Seller unnamed. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Do not stitch the February 1, 2007 8-K, which names a purchase price without keys. Do not stitch a later 10-Q allocation. The same paper’s January Residence Inn Langhorne, Holiday Inn Express Chester, and Residence Inn Carlisle $34.6 million line stays combined. The same paper’s Chelsea Holiday Inn Express line stays off as a 50% operations interest. 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. Hampton Inn Manhattan-Chelsea stays off as a remaining-interest contract. The September 12, 2006 8-K’s Residence Inn Tyson’s Corner $20.1 million / 96 tape, Residence Inn Norwood $14.3 million / 96 tape, Holiday Inn Express Hauppauge $18.0 million / 133 tape, Hampton Inn Farmingville $21.5 million / 161 tape, and Courtyard Scranton $8.8 million / 120 tape are separately named singles already on the corpus. The same 8-K’s January 3, 2006 Mt. Laurel, Bethlehem, and Langhorne line stays combined. The same 8-K’s May 1, 2006 North Dartmouth and Franklin line stays combined. Hampton Inn Center City Philadelphia stays off as an 80% preferred-return interest. Hilton Garden Inn JFK Airport February 2006 stays off as a membership-interest buy. Holiday Inn Express Cambridge stays off — the September 12, 2006 8-K names $12.2 million without keys. The June 6 $39.5 million announcement is a contract, not this close. Do not stitch a Hotel Executive or Hotel News Resource item. 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. Comfort Inn North Dartmouth stays off — that house was a held-for-sale reclass and later a lender transfer, not a hotel deed tape. Holiday Inn Norwich stays off until one paper names month, that hotel’s price, and keys together — the July 1, 2007 8-K names $16.1 million without 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. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape. Older than the 2025–26 blotter cut.

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