Hotels only · No pay-to-rank · Advice first; verified when attested
Northeast · secondary
Center City and historic-district keys. A convention week is not a Rittenhouse leisure week. Hersha’s 2017 Westin Philadelphia $135 million / 294 tape is a named Philadelphia Westin buy — not Pebblebrook’s 2022 Sofitel Philadelphia $80.0 million / 306 tape. That Sofitel is a 306-key luxury single — not the $183.9 million Q3 2022 proceeds line and not the $260.9 million 2022 year total. Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, and Hersha’s 2009 Hilton Garden Inn Gettysburg $7.75 million / 88 tape live on their own Central Pennsylvania market — Harbor will not invent a Philadelphia lock. Hersha’s 2006 Courtyard Scranton $8.8 million / 120 tape lives on its own Scranton market — Harbor will not invent a Philadelphia or Harrisburg lock.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Philadelphia · Luxury
306 keys · Philadelphia · Sofitel
Rittenhouse Square Sofitel. Pebblebrook closed the 306-key house on August 2, 2022 for $80.0 million (8-K). Buyer unnamed. Harbor will not invent a split of the $183.9 million Q3 2022 proceeds line or the $260.9 million 2022 year total.
Philadelphia · Upper upscale
294 keys · Philadelphia · Westin
Philadelphia Westin. Hersha bought the 294-key house on June 29, 2017 for $135 million (Q2 2017 Exhibit 99.1). Seller unnamed. Filing names Philadelphia — Harbor will not invent a Rittenhouse lock. Not Pebblebrook’s 2022 Sofitel Philadelphia at Rittenhouse Square $80.0 million / 306 tape.
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 · 2 events
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
Sofitel Philadelphia at Rittenhouse Square · 306 keys · Luxury
Consideration
$80.0M
$261k / key
Pebblebrook 8-K: $80.0 million for the 306-room Sofitel Philadelphia at Rittenhouse Square. Center City luxury — not a slice of the Q3 2022 proceeds line.
Pebblebrook Hotel Trust Form 8-K, August 2, 2022 (press dated August 3)
Pebblebrook closed the 306-room Sofitel Philadelphia at Rittenhouse Square on August 2, 2022 for $80.0 million to a third party. Harbor PPK is $80.0 million ÷ 306. Pebblebrook’s 10.0x / 8.6% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. The $260.9 million 2022 year total stays combined. Older than the 2025–26 blotter cut.
Westin Philadelphia · 294 keys · Upper upscale
Consideration
$135.0M
$459k / key
Hersha Exhibit 99.1: $135 million for the 294-room Westin Hotel in Philadelphia. Philadelphia Westin — not a Rittenhouse Sofitel PPK.
Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)
Hersha acquired the 294-room Westin Hotel in Philadelphia on June 29, 2017 for $135 million. Harbor PPK is $135 million ÷ 294. The same Exhibit 99.1 names the completed buy, the 294 rooms, and that hotel price. Seller unnamed. Filing names Philadelphia — Harbor will not invent a Rittenhouse lock. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. 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 Pebblebrook’s 2022 Sofitel Philadelphia at Rittenhouse Square $80.0 million / 306 tape. Older than the 2025–26 blotter cut.