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Harborby Signalry

Mid-Atlantic · secondary

Northern Virginia

Fairfax, Tysons, and Dulles-corridor full-service and select-service. Sunstone’s 2018 Marriott Tysons Corner $87.5 million / 396 tape is a named Tysons sale — use that $87.5 million gross hotel price, not the $85.5 million net after FF&E reserve, and not a downtown DC Palomar or Liaison PPK. Hersha’s 2006 Residence Inn Tyson’s Corner $20.1 million / 96 tape is a named Tyson’s Corner Residence Inn — use that approximately $20.1 million hotel price, not the $9.6 million assumed-debt line. Filing names Tyson’s Corner — Harbor will not invent a Georgetown, downtown DC, Vienna, or McLean lock. Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape is a named Fairfax sale — not that Tysons Marriott, not that Tyson’s Corner Residence Inn, not a downtown DC convention PPK, not Apple’s 2024 AC Hotel Washington DC Convention Center $116.804 million tape, and not Xenia’s Lorien Alexandria $30.0 million tape. The 2016 Chesapeake Marriott $9.9 million tape lives on its own market.

Hotels
3
Graph events
3
Cited prices
3
Desks
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Hotels

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

Northern Virginia · Upper upscale

Marriott Fairfax

316 keys · Fairfax · Marriott

Fairfax Marriott. Apple sold the 316-key house on October 5, 2017 for a gross sales price of approximately $41.5 million (2017 10-K). Buyer unnamed. Use the $41.5 million sale price, not a net line. Not the 2016 Chesapeake Marriott $9.9 million tape, not a downtown DC convention PPK, and not Lorien Alexandria $30.0 million.

Northern Virginia · Upper upscale

Marriott Tysons Corner

396 keys · Tysons · Marriott

Tysons Corner Marriott. Sunstone sold the 396-key house in December 2018 for an $87.5 million gross sale price (Exhibit 99.1). Buyer unnamed. Harbor uses December 18 rather than inventing a different closing day. Use that hotel price, not the $85.5 million net after the hotel’s FF&E reserve. Filing names Tysons Corner — Harbor will not invent a Vienna or McLean lock. Not Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape and not a downtown DC Palomar or Liaison PPK.

Northern Virginia · Upscale

Residence Inn Tyson's Corner

96 keys · Tysons Corner · Residence Inn

Tyson’s Corner Residence Inn. Hersha bought the 96-key house on February 2, 2006 for approximately $20.1 million (September 12, 2006 8-K). Seller unnamed. Filing names Tyson’s Corner, Virginia — Harbor will not invent a Georgetown, downtown DC, Vienna, or McLean lock. Use the approximately $20.1 million hotel price, not the $9.6 million assumed-debt line. The same 8-K’s 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. Not Sunstone’s 2018 Marriott Tysons Corner $87.5 million / 396 tape and not Apple’s 2017 Marriott Fairfax $41.5 million / 316 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 filingSunstone soldDec 18, 2018

Marriott Tysons Corner — Sunstone disposition

Marriott Tysons Corner · 396 keys · Upper upscale

Consideration

$87.5M

$221k / key

Sunstone Exhibit 99.1: $87.5 million gross for the 396-room Marriott Tysons Corner. Tysons Marriott — not a Fairfax Marriott PPK and not a downtown DC convention PPK.

Sunstone Hotel Investors Exhibit 99.1, December 18, 2018 (completed; day unnamed beyond the 8-K date)

Sunstone completed the sale of the 396-room Marriott Tysons Corner for a gross sale price of $87.5 million. The December 18, 2018 8-K and Exhibit 99.1 name the completed sale, the 396 rooms, and that hotel price. Harbor uses December 18 rather than inventing a different closing day. Harbor PPK is $87.5 million ÷ 396. Use the $87.5 million hotel price, not the $85.5 million net after the hotel’s FF&E reserve. Buyer unnamed — Harbor will not invent a desk from trade press. Filing names Tysons Corner — Harbor will not invent a Vienna or McLean lock. Not Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape and not a downtown DC Palomar or Liaison PPK. The Marriott Philadelphia plus Marriott Quincy $139.0 million line stays combined. 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 filingApple soldOct 5, 2017

Marriott Fairfax — Apple Hospitality disposition

Marriott Fairfax · 316 keys · Upper upscale

Consideration

$41.5M

$131k / key

Apple 2017 10-K: approximately $41.5 million gross for the 316-room Marriott Fairfax. Fairfax Marriott — not a downtown DC convention PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (sold October 5)

Apple sold the 316-room Marriott Fairfax on October 5, 2017 for a gross sales price of approximately $41.5 million. Harbor PPK is $41.5 million ÷ 316. The same 10-K names October 5, the 316 rooms, and that price. Use the $41.5 million sale price, not a net line. Buyer unnamed. Not the 2016 Chesapeake Marriott $9.9 million tape, not Apple’s 2024 AC Hotel Washington DC Convention Center $116.804 million tape, not DiamondRock’s Westin Washington D.C. City Center, and not Xenia’s Lorien Alexandria $30.0 million tape. The $161.770 million 2017 buy line stays off this sale tape. The Birmingham adjoining dual-brand 2017 line stays combined. Older than the 2025–26 blotter cut.

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Public filingFeb 2, 2006

Residence Inn Tyson's Corner — Hersha acquisition

Residence Inn Tyson's Corner · 96 keys · Upscale

Consideration

$20.1M

$209k / key

Hersha 8-K: approximately $20.1 million for the 96-room Residence Inn in Tyson's Corner. Tyson's Corner Residence Inn — not a Tysons Marriott PPK.

Hersha Hospitality Trust Form 8-K, September 12, 2006 (February 2, 2006 close)

Hersha acquired the 96-room Residence Inn in Tyson’s Corner, Virginia on February 2, 2006 for approximately $20.1 million. Harbor PPK is $20.1 million ÷ 96. The same 8-K names February 2, the 96 rooms, and that hotel price. Use the approximately $20.1 million hotel price, not the $9.6 million assumed-debt line. Seller unnamed. Filing names Tyson’s Corner, Virginia — Harbor will not invent a Georgetown, downtown DC, Vienna, or McLean lock. The house sits on the Northern Virginia market with Marriott Tysons Corner. Do not stitch later financial statements attached as Exhibit 99.1. The same 8-K’s 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 same 8-K names $12.2 million without keys. Hampton Inn Manhattan-Chelsea stays off as a remaining-interest contract. 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. 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 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 Sunstone’s 2018 Marriott Tysons Corner $87.5 million / 396 tape, not Apple’s 2017 Marriott Fairfax $41.5 million / 316 tape, and not Hersha’s 2006 Residence Inn Norwood $14.3 million / 96 tape. Older than the 2025–26 blotter cut.

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